Mar 16 - Net Profit in Gold Industry Increases 36.18% to Nearly CNY 2 Billion in January

Source: Ministry of Industry and Information Technology, ChinaScope Financial (Data)

+       According to the data released by the Ministry of Industry and Information Technology (MIIT) on March 14, industrial output value of China’s gold industry was CNY 18.93 billion in January, a 35.60% year-on-year increase, and net profit was CNY 1.93 billion, a 36.18% year-on-year increase.

+       In January, China produced 24.133 metric tons of gold, a year-on-year increase of 3.68% or of 0.856 tons. Of total gold produced, 19.733 tons were from gold mining, a 2.27% year-on-year increase, the remaining 4.399 tons were extracted during other types of mining, a 10.51% year-on-year increase.

The growth of gold output decreased in January 2012, however, the surging gold prices ensure that the industry is making a net profit.

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