Wednesday, 30th July 2008 (453 views)

The Xinjiang Uygur Autonomous Region in the north-west of China has reported an increase of 31 per cent for the first half of 2008, compared to the same period last year.

For the first six months the area produced 3.081 tonnes of gold.

The district has a reputation in China from ancient times of "treasure on every mountain".

In the Xinjiang area - which covers 1.66 million square kilometres - gold ore can be found in over 600 locations and has an estimated gold resource of 207.48 tonnes.

Within two years Xinjiang is predicted to add a further 100 tonnes of gold reserves and its annual production capacity should rise to ten tonnes.

The area borders on Mongolia, Pakistan and Russia.

In other news, Serabi Mining has said its production at the Palito mine in Brazil has risen to 5,754 ounces of gold for the second quarter of 2008. This is a rise from 4,985 ounces from the first quarter.

 

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