China's Giant Gold Deposit

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South Deep gold mine

Live Science

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'Supergiant' gold deposit discovered in China is one of the largest on Earth — and is worth more than $80 billion

Summary

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76% Informative

New deposit of high-quality gold ore found near some of China 's existing gold mines.

Experts predict there could be up to 1,100 tons ( 1,000 metric tons ) of gold hidden at depths of up to 9,800 feet ( 3,000 m) If true, the entire deposit is likely worth around 600 billion yuan ( $83 billion ) The discovery caused the global price of gold to skyrocket to near-record highs.

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formal

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English

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