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This is world's largest gold deposit worth a whopping Rs 7 lakh crore, not in Russia, US, or Australia, it's in...
Prior to this revelation, the globe’s most prominent gold reserves were scattered across nations, with South Africa, Indonesia, Russia, and the United States leading the charge.
Updated : Nov 29, 2024, 01:30 PM IST
 "This is world's largest gold deposit worth a whopping Rs 7 lakh crore, not in Russia, US, or Australia, it's in...")
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China has struck gold—literally—unveiling what could be the planet’s largest gold reserve, a dazzling treasure trove estimated at 1,000 metric tonnes of premium-quality ore. With a jaw-dropping valuation of nearly ₹7 lakh crore (600 billion yuan), this monumental find in Pingjiang County, Hunan Province, is set to redefine global mining benchmarks.
This glittering cache outshines the South Deep Mine in South Africa, previously crowned as the world’s largest gold reserve at 930 metric tonnes. Preliminary surveys have mapped 40 gold-rich veins within a depth of 2 kilometers, revealing 300 metric tonnes of extractable gold. Advanced 3D geological technology hints at even deeper riches, potentially plunging to depths of 3 kilometers.
Chen Rulin, a veteran ore-prospecting expert, marvels at the visible gold in the rock cores. One standout metric? A single tonne of ore from 2,000 meters deep yielded up to 138 grams of gold. "This discovery is a landmark moment for China's mining sector," said Liu Yongjun, deputy head of Hunan's Geological Bureau, who credited cutting-edge technologies like 3D modeling for uncovering this subterranean treasure chest.
Gold veins also extend beyond the primary site, sparking optimism for even more finds in peripheral zones. The impact of this discovery is profound, promising to catapult China's gold production capabilities to new heights while bolstering its economy.
Prior to this revelation, the globe’s most prominent gold reserves were scattered across nations, with South Africa, Indonesia, Russia, and the United States leading the charge. Now, China’s Pingjiang County is poised to take center stage on the gold mining map, potentially overtaking stalwarts like:
- South Deep Gold Mine, South Africa
- Grasberg Gold Mine, Indonesia
- Olimpiada Gold Mine, Russia
- Lihir Gold Mine, Papua New Guinea
- Norte Abierto Gold Mine, Chile
- Carlin Trend Gold Mine, USA
- Boddington Gold Mine, Australia
- Mponeng Gold Mine, South Africa
- Pueblo Viejo Gold Mine, Dominican Republic
- Cortez Gold Mine, USA
As experts unravel more of this shimmering mystery, the world watches in anticipation of how this unprecedented discovery will reshape the gold industry’s landscape. Will Pingjiang County become the new global capital of gold? Only time will tell.
