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china is the world's leading producer of coal, gold, and most rare earth minerals. however, the country has limited resources for certain commodities, such as high-quality metallurgical coal and nickel the world's leading consumer of most mining products, particularly for commodities like thermal coal, approximately
gold comprises a significant portion of ghanas exports: ghana is africas second largest and the worlds tenth largest gold exporter. such is the scale of this problem that estimates of the amount of gold leaving the country for china outstrips government revenue from mining, with $2.3 billion worth of gold exiting the country in 2016
business china goes for gold with overseas mining projects. a secure supply is seen as critical to the country's economic and strategic goals
chinese consumers insatiable longing for gold is set to provide a strong push for local mines, as the countrys demand for the precious metal is expected to surpass supply by at least 550
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domestic gold mining is chinas second largest source of gold supply after gold imports, and mining supply, together with gold imports, drives the supply side of the chinese gold market supply-demand balance. chinas annual gold mining output is far ahead of both australia and russia, the worlds second and third largest gold producers.
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