A gold deposit that is so far unique has been discovered in China. The value is several billion euros.
November 19, 2025, 08:15November 19, 2025, 08:15
China has reported its largest gold discovery since 1949. The Ministry of Natural Resources has confirmed that the deposit in Liaoning Province contains around 1,444 tons of gold. According to the authority, the exploration was completed in 15 months, reports the state-run China Daily.
A gold bar from raw smelting in the hands of a worker: a huge deposit has been discovered in China. (symbol image)Image: keystone
The ministry speaks of an “ultra-large” deposit with low gold content. The state-owned Liaoning Geological and Mining Group has deployed almost 1,000 skilled workers and workers for this purpose. The find is considered the largest single discovery since the founding of the People’s Republic of China. State authorities have announced that the deposit has passed an initial economic assessment.
Dismantling is scheduled to begin by 2027
The estimated value of the gold is more than 166 billion euros, reports “Euronews”. Gold has reached new highs this year and costs more than 115,000 euros per kilogram.
China National Gold Group, Liaoning Mineral Geology Group and the Yingkou city government have entered into a partnership to develop the mine. They plan to invest over 20 billion yuan (2.42 billion euros) by 2027 to build an integrated industrial chain in Yingkou, including exploration, mining, processing, smelting and gold jewelry production.
An industrial area of around 133 hectares is to be created, which includes a large smelting zone, a processing zone and a storage and logistics area.
The Ministry of Natural Resources said the historic find will significantly strengthen the country’s strategic gold reserves and could enable the construction of a world-class gold production center – an important impetus for the comprehensive revitalization and high-quality development of Northeast China.
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