Published : Nov. 21, 2016 - 17:56
China is the largest gold-producing country in the world, with 91 percent of gold in Asia produced by six countries.
China became the top producer of gold in 2012. The production rose from 12 tons in 2004 to 397 tons in 2013. In 2015, according to GFMS Gold Survey 2016, China produced 458.1 metric tons of gold. The survey says China recorded a 14 percent on-year gain to reach the record high.
China is followed by Indonesia. The archipelago in Southeast Asia, according to GFMS Gold Survey 2016, produced 134.3 metric tons of gold in 2015.
Despite India being the world‘s biggest buyer of gold, it’s contribution to world gold production was a lowly 0.5 percent.
The survey says global mine production increased by just 1 percent in 2015, reaching 3,158 tons, with gains in countries like Indonesia and the United States outweighing losses elsewhere, particularly in China.