China Unveils $80 Billion Gold Discovery in Hunan
TL;DR Summary
A massive gold deposit, potentially the largest in the world, has been discovered in China's Hunan province, estimated to contain over 1,000 tonnes of gold worth more than $80 billion. The discovery at the Wangu gold field surpasses the previous largest reserve in South Africa and could significantly boost China's domestic gold supply amid rising demand. The find has already impacted global gold prices, and further exploration may reveal even more gold veins. This discovery is part of China's broader efforts to map its subterranean resources through the SinoProbe II project.
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- China finds $83 billion worth of gold reserves in Hunan Reuters
- 'Supergiant' gold deposit discovered in China is one of the largest on Earth — and is worth more than $80 billion Livescience.com
- China’s big gold discovery in Hunan: What does it mean for the future? The Times of India
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