China discovers Asia's largest undersea gold deposit
Chinese geologists have discovered Asia's largest undersea gold deposit near the Jiaodong Peninsula in Shandong Province, located in the coastal zone of the Yellow Sea. This discovery holds significant strategic importance for the country.
Source The Independent
Experts estimate the deposit contains about 2.5 billion tonnes of ore with approximately 1,400 tonnes of gold at an average concentration of 0.56 grams per tonne. This could significantly strengthen China's position as one of the world's largest gold producers.
Going forward, this discovery may reduce China's dependence on imported gold and boost the expansion of its domestic mining industry in a strategically crucial region.
