China, over the past couple of decades, has seen some of the largest growth in their economy, buoyed by a burgeoning population and equally impressive leaps in various local industries. It is therefore no surprise that they are also the world’s largest gold producer. Producing 463.7 tonnes of the precious metal in 2016. It is interesting to note that there were a couple of thousand gold producers in China, but most of them are small and unsophisticated by international standards. Only a handful are truly able to operate on an international basis, some of which include:
China National Gold Group Corporation (CNGGC)
This gold producer is centrally state owned, so it is no surprise that they are the largest and longest-running. They account for an estimated 20% of all gold production in the country, and engage not just in the mining and refining of gold, but also with silver, copper, and other precious metals. As of 2015, the CNGGC is the only Chinese company that is representing China in the World Gold Council Board.
Shandong Gold Group
Another state-owned gold mning company, this one is affiliated primarily with the governmen of Shandong. The company goes as far back as 1975, and has consistently been one of the top 500 Chinese corporations. It is directly supervised by the state.
Zijin Mining Group Company Ltd
More commonly known as “Zijin,” this mining company produces and refines gold. Copper, and other non-ferrous metals in the Mainland region. While not as big as the CNGGC, Zijin operates the Zijinshan Gold Mine, which is the largest open pit gold mine in the region. They also operate three other gold mines alongside Zijinshan. In 2006 alone, Zijin managed to account for 20.53% of the country’s total gold production.
Sino Gold, while being primarily a Chinese company, has its headquarters stationed in Sydney Australia and is listed on the Australian Stock Exchange. However, they have since been listed on the Hong Kong Stock Exchange as well and is conducting majority of their operations in Jilin, Guizhou, Heilongjiang, and Shaanxi provinces in China.
Lingbao Gold Company Ltd
While much smaller than CNGGC, Lingbao is also state-owned and is big enough to be counted amongst the premiere gold producers in China. Its headquarters are in Lingbao, Henan, China, but has 49 rights to mine and explore in Hennan, Jiangxi, Gansu, Xinjiang, and Inner Mongolia.