AFP
Aug 6, 2009
China gold production up 13.5 pct in first half of 2009
AFP
Aug 6, 2009
SHANGHAI, Aug 6, 2009 (AFP) - China's gold production rose 13.5 percent year-on-year in the first half of 2009 to 146.51 tonnes, according to official figures.
Gold companies' profits, however, were down 15.75 percent in the same period at 5.6 billion yuan (820 million dollars), the Ministry of Industry and Information Technology said in a statement.
It did not provide further details in the Wednesday-dated (5 August) statement.
Chinese gold output hit a record high at 282 tonnes in 2008, making it the world's largest gold producer followed by the United States and South Africa.
The nation was the world's second largest gold consumer after India last year, according to the World Gold Council.
But in the first quarter of this year, mainland China overtook India on gold consumption by 87.5 tonnes thanks to peak purchasing of jewellery during the Lunar New Year, the council said.
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