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China discovers the world's largest gold reserve, valued at an impressive $80 billion, and promises to revolutionize mining in the country. Check out all the details of this historic discovery!
In the last week of December 2024, the Chinese government announced a monumental discovery that could redefine the course of global mining. This is the largest reserve of high-quality gold ever found in the world. According to Chinese authorities, this deposit, valued at an impressive US$80 billion, could be the largest ever recorded in history. Check out the details of this discovery that promises to transform the mining market and the global economy.
Largest gold reserve on the planet may contain 1.100 tons of ore
In total, more than 330 tons of gold were detected in the $80 billion gold reserve at a depth of up to two thousand meters, according to the Geological Bureau of Hunan Province (GBHP). However, estimates indicate that there may be up to 1.100 tons hidden around 3 meters deep. To give you an idea, this value is eight times the weight of the Statue of Liberty.
The largest gold reserve on the planet, a true natural treasure, is located in the Wangu field, in the mountainous province of Hunan, located in southern China.
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The area is already known for its gold reserves, but the discovery of new underground deposits has surprised even the most optimistic. Recently, small amounts of gold have been found during test drilling in peripheral areas of the region, raising hopes that there are large reserves waiting to be explored.
New mining technologies were used in the largest gold reserve on the planet, including 3D geological modeling, a computer representation of the geology in which sample data is collected through drilling, characterizing the structures and all the geochemistry. And that is how the gold deposit was located.
Global mining sector to change with $80 billion gold reserve
Chinese authorities have yet to reveal that 138 grams of gold per metric ton of ore was found, which is relatively high compared to most gold mines in the world.
Projections indicate that the estimated value of all the gold found is US$83 billion (a staggering R$495 billion). The largest gold reserve on the planet has had a significant impact on the mining industry and the global economy.
The price of gold has risen to around US$2.700 per ounce (or $95.240 per kilogram), close to the all-time high reached earlier this year. However, the Chinese are looking to the future, and although the country is already the world’s largest gold producer, accounting for about 10% of global output last year, demand for gold far exceeds domestic production. Thus, the discovery of the $80 billion gold reserve could mean that Beijing will no longer need to import the ore from countries such as Australia and South Africa.
What is the second largest gold reserve on the planet?
The new reserve could further increase China's share of the mining market, affecting global gold supply and prices.
Before the discovery of the largest gold reserve on the planet, reported by China last month, the title of largest gold reserve in the world belonged to the gold mine South Deep, Gauteng Province, South Africa, where around 2022 tons of gold were found in 930.
According to information from the World Gold Council, China was the country that bought the most precious metal among all countries in the world last year, calculating purchases at 225 metric tons.
MERRY CHRISTMAS TO ALL
Don't forget about us here, no!
Gold is good, but Chinese people eat Brazilian food!
Not only the Chinese, but the entire world, but while Brazilians cut down forests, the Chinese are planting forests in the desert.
And digging the middle of the planet to extract gold
First: there is a large desert in China.
Second: here we have excess trees and water.
Third: different environmental realities generate different actions.
Leftover trees and water? What planet do you live on?
Denialism or just stupidity?
I disagree. China has many native forests, and what's more, they preserve these forests; unlike us Brazilians, who are destroying our native forests, because this is a cultural issue. Here we are still in our infancy when it comes to preserving the environment, while in China the laws are strict in demanding such care.
This is very complex, my dear. Just look at the diversity of biomes and structural niches of capital reserves. Put it all in the media now and we have cynical capitalism. LOL
It has nothing to do with culture, but rather with the ignorance of the peasants in the pay of land grabbers who hire the service. The problem is with the system whose HQ is in Brasilia. The day we manage to break this system, we will be saved.
You've been watching Globo too much. I suggest you get more information and listen to https://youtu.be/M47EsxgjOM0?si=Ez6AA6eztDOryQbr and also has many presentations by professor and researcher Molina https://youtu.be/0LfBXdBSsP4?si=7WccAk_4wIPod9mx
China bought stress from the Brazilian Amazon. To do mining. And it also brought, not as a work, write, from China. Yes. There are SLAVES there.
4, go fuck yourself, because the earth spits out man like a **** that causes a slight discomfort lol, and the game of life continues... only without the intruder, we were not made to live here, imbeciles lol
Now I understand our situation
There's a **** neighing here. Run and see
From **** lectures
Yes, but the Chinese don't eat Brazilian food for free. They pay for it. And what will happen to Brazilian agribusiness if China stops buying commodities from Brazil?
Food they buy at whatever price they want
Last week of 2024? You also discovered how to travel through time, right!?
With this small amount the Chinese empire can further improve its nuclear submarine fleet.
Talk to **** sleep. Who believes in a dictator? Probably everything must be gold coming from Brazil and other African countries.
It's true they took 100 kilos from my backyard... but they paid for everything properly.
They have 3 trillion dollars loaned to Americans and the rest of the world.
They are worried about 80 billion. They will continue to grow in everything. They do not spend on war.
Truly a paltry value for a country like China.
You thought very well.
Just to remind people that this discovery of gold in China happened at the same time that the Chinese bought a Uranium Reserve in Brazil. Strange, don't you think? Where does the Gold come from?
There will be picanha and a beer at Christmas.
The PT members.
Do the L
For me, yes... and I thank Lula... meat prices under the last government will take years to be overcome.
You're kidding me!
Dollar hitting $6,31... Let's see how long the resilience of the sons of **** will last! They complained about the price of gasoline during the pandemic, but the dollar was under control... With the increase in the dollar, not only will gasoline go up, but all consumer goods, including food... People who are eating picanha and defend **** are self-centered people, they only think about themselves, they don't see the next person next to them... Eating sausage and pumpkin!
Claudemir, we're together, Lula 2026.
At the very least, this one is taking advantage of supporting the corrupt government.
That's fine; after all, the Brazilian people deserve it.
True. I knew about the news and hadn't made that connection. I saw, above, an investment by Americans here in Brazil, for the exploration of rare metals: second news item in the "SEE ALSO" section. I'm not sure who exploits us the most. In fact, we serve the great powers, with the wealth of our nature and the greed of Brasília, for the world. What a shame.
This is my thought, this gold is here in Brazil and if it were them, China would have already found it if it were in their territory.
What a disease this Brazil has become… now everything is a conspiracy… go on…
Reserve discovered in Wangu
Still out of date? Uranium, according to our Constitution, is non-negotiable. The reserve has other metals, and was purchased from a Bolivian company. All within Brazilian laws. That's why the business prospered.
Let's leave the gold to the Chinese and worry about the idiots who have already started to illegally divide up our lands.
I repeat: illegally.
But no one lifted a finger.
Who wins from this?