Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Gold is Back!!
>
Reply to Thread
Message:
<p>[QUOTE="gxseries, post: 373784, member: 4373"]China was officially credited the largest gold producer last year but at the same time South Africa's production wasn't as high as previous year due to workers striking and bad infrastructure. Recent stringent laws in SA could have make it difficult to mine at times. Edited to add, if people didn't realize, I think a few of SA gold mines are extremely challenging as they are reaching to the depth of nearly 4 kilometers underground and heat at that depth is not a joke. </p><p><br /></p><p>It was only very recent that some smaller companies found a large amount of gold deposits like Sino-Gold did in Jinfeng. I think Sino Gold is an Australian-Chinese venture company - I've been to their headquarters before looking for a job. Some of the more interesting deposit area is actually at the Inner Mongolia (China) and parts of Mongolia where a large amount of gold is already identified and in the midst of development. (Oyu Tolgoi is the name of the mine which is very interesting) There is also very interesting mineral deposits in Xinjiang, Eastern part of China where gold and oil are found but funny enough is an islamic area. Aren't most oil deposits in Islamic countries? Scary thought. </p><p><br /></p><p>But again, the key difference of why China's production raised dramatically was because the government did allow foreign investments and skills into the country 10 years ago. China is trying to reverse the policy at the moment as it wants to protect it's national reserve.[/QUOTE]</p><p><br /></p>
[QUOTE="gxseries, post: 373784, member: 4373"]China was officially credited the largest gold producer last year but at the same time South Africa's production wasn't as high as previous year due to workers striking and bad infrastructure. Recent stringent laws in SA could have make it difficult to mine at times. Edited to add, if people didn't realize, I think a few of SA gold mines are extremely challenging as they are reaching to the depth of nearly 4 kilometers underground and heat at that depth is not a joke. It was only very recent that some smaller companies found a large amount of gold deposits like Sino-Gold did in Jinfeng. I think Sino Gold is an Australian-Chinese venture company - I've been to their headquarters before looking for a job. Some of the more interesting deposit area is actually at the Inner Mongolia (China) and parts of Mongolia where a large amount of gold is already identified and in the midst of development. (Oyu Tolgoi is the name of the mine which is very interesting) There is also very interesting mineral deposits in Xinjiang, Eastern part of China where gold and oil are found but funny enough is an islamic area. Aren't most oil deposits in Islamic countries? Scary thought. But again, the key difference of why China's production raised dramatically was because the government did allow foreign investments and skills into the country 10 years ago. China is trying to reverse the policy at the moment as it wants to protect it's national reserve.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Gold is Back!!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...