Chinese Gold Wins Resource War

China National Gold Group has made significant progress in enhancing its resource reserves and expanding its influence in the global mining industry. Since 2008, the company has actively pursued a strategy of resource expansion and storage, investing over 2.4 billion yuan in independent exploration and more than 10 billion yuan in resource acquisitions. By 2012, its gold reserves had surged from 275 tons in 2006 to 1,758 tons, securing the top position in China. Copper reserves increased from 1.25 million tons to 10.97 million tons, while molybdenum reserves rose from 200,000 tons to 2.07 million tons, placing it among the top players in the non-ferrous metals sector. In addition to gold, copper, and molybdenum, the company has also significantly boosted its reserves of silver, iron, lead, and zinc. It now holds a key position in 16 major metallogenic belts identified by the country, reinforcing its leadership in China’s gold industry. The group has pioneered new methods for resource development and comprehensive utilization, ensuring sustainable growth. To expand its reserves, the company focused on deep and peripheral areas of old mines, conducting extensive surveys in key regions such as Inner Mongolia-Daxinganling, Jinci, and Qinling. These efforts have led to the discovery of new deposits, extended mine lifespans, and supported stable production. Over the past five years, the group invested 1.3 billion yuan in deep and peripheral exploration, completing 1.53 million meters of drilling and adding 366 tons of gold reserves—surpassing the total from 2006. The exploration of deep and peripheral zones has revitalized many exhausted mines and contributed to the formation of new production capacity. For instance, in Henan’s Niutouou-Dongwan Mining Area, 49 rigs operated simultaneously, drilling over 48,776 meters and discovering 68 tons of new gold. Similarly, at the Changshanyu Gold Mine in Inner Mongolia, 43 rigs completed 60,549 meters of drilling in just seven months, adding 80 tons of gold. These breakthroughs have enhanced the company’s international standing and opened up new global opportunities. One notable success was the transformation of Inner Mongolia Jiniteng Mining Co., which started with only a few hundred kilograms of reserves but expanded to 25 tons after a four-month geological survey. This small mine grew into a large-scale producer, increasing its annual output from 200 kg to over 3,000 kg. In Henan, the Luchang Yechangping Mo deposit saw a major breakthrough, with 53 out of 55 drill holes yielding significant results. This added 370,000 tons of molybdenum and 190,000 tons of tungsten, transforming the deposit into a large-scale resource base. Mergers and acquisitions have played a vital role in the group’s strategic transformation. By integrating smaller mines and optimizing industrial structures, the company has increased its concentration and competitiveness. Over the past five years, it has acquired over 70 projects, boosting gold reserves by more than 660 tons and adding significant amounts of molybdenum, tungsten, and iron ore. In Tibet’s Jiama area, the group hired leading experts and adopted an integrated approach combining research, education, and production. Despite harsh conditions, it invested 300 million yuan and drilled 200,000 meters, uncovering nearly 20 million tons of copper and molybdenum—over 20 times the initial reserves. This achievement was recognized as one of the “Top Ten Prospecting Achievements in 2009.” Looking ahead, the company is accelerating its strategy of “stabilizing the country, expanding overseas, focusing on gold, and developing multiple metals.” With ambitious goals to quadruple its economic indicators and enter the world’s top 500 companies, China National Gold Group is building a world-class mining enterprise that will contribute significantly to national resource security and the sustainable development of the mining industry.

Other Fasteners

Rivets Pull Mandrel,Blind Rivets From Chongbao,Blind Rivets,Open End Blind Rivets

HANDAN ZHONGBAO IMPORT AND EXPORT TRADING CO.,LTD , https://www.hdzbfastener.com