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China eyes 450 T gold output in 2015, consumption to rise

Posted on 27 November 2012

Top gold producer China aims to produce between 420 and 450 tonnes of the precious metal in 2015, up about 25 percent from 2011, while consumption may reach 1,000 tonnes by then, the Ministry of Industry and Information Technology said on Monday.
China is already the main consumer of a range of commodities, including copper, coal and iron ore, and the world’s second-largest gold consumer after India has to import large quantities of bullion to satisfy domestic demand………………………………………..Full Article: Source


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