Chinese scientists have uncovered a 'supergiant' deposit of high-quality gold ore hidden near some of the country's existing gold mines.
Chinese scientists have uncovered a 'supergiant' deposit of high-quality gold ore hidden near some of the country's existing gold mines. The vast reserve,which could be the largest single reservoir of the valuable metal left anywhere on Earth,could end up being the largest known deposit of the precious metal anywhere in the world, and is worth more than $80 billion.
It is hard to keep track of the amount of gold left in the various mines across the world due to fluctuations in the rate of extraction at each site and a lack of transparency in reporting results. However, as of 2022, the largest known remaining gold reserves on Earth are found in South Africa's South Deep gold mine, which has around 1,025 tons 930 metric tons of gold, according to Mining Technology.
Gold Gold Mining Investment Gold Reserves Mining
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China starts building world's largest fully steerable radio telescope120-meter colossus expected to be online in 2028 – around the same time the Square Kilometer Array
Read more »
World's Largest Gold Deposit Discovered in China Worth Over £63 BillionA supergiant gold deposit valued at over £63 billion has been found in Pingjiang County, China. The deposit could yield more than 1,000 tonnes of gold, making it the largest known gold deposit in the world.
Read more »
World’s largest transformer maker warns of supply crunchAI data centre demands and renewable energy’s dispersed nature are driving equipment orders for power grid upgrades
Read more »
Vanguard deposes BlackRock as provider of world’s second-largest ETFInflows to VOO look set to smash records as observers predict it will soon overtake SPY to become the largest
Read more »
Truck drivers and the US election at the World’s Largest Truck StopDonald Trump and Kamala Harris have spent months zig-zagging the United States this Presidential election campaign, hoping to convince voters to back their bid for the White House. Meanwhile America's truckers have been making crucial journeys of their own, transporting the goods, machinery and supplies that keep the US economy functioning.
Read more »
The World's Largest Oil Producer Slips Into a Net Debt PositionThe world's largest oil producer may have just been pushed into a net debt position for the first time in two years.
Read more »