Global gold mining production has declined since 2000 despite the sharp rise in gold prices. Now China leads the world in gold mining output. Though having upped its production in 2007 by 12% over 2006, producing 9.7 million ounces or 276 metric tons, gold production in China is actually down from the 2005 figures; it's just that South Africa, the old No.1 producer has seen its production fall even faster.
What is the outlook for global gold-mining supplies, particularly in China? During the 11th Five-Year Plan period, China's goal in gold production is: the accumulated gold output reaches 1300 tons and the newly-increased gold basic reserve amounts to 3000-3500 tons. Therefore, it is estimated that by 2010, China's gold output may attain 280-300 tons, and in the forthcoming five years, the annual growth rate of Chinese gold output may remain at 5% approximately.
Providing governmental officials' in-depth analysis of pertinent policies and regulations in China and Asia, Asia Gold Mining and Investment Summit 2010 will help you thoroughly understand Asian gold market, make appropriate strategies to strengthen your business, identify potential clients and partners in Asia.