China Has the World's Largest Gold Mine, Worth 3,200 Trillion Rupiah

INTERNATIONAL, RBTVDISWAY.ID - China has just discovered a treasure trove hidden deep underground, a trove of gold reserves so vast that they have the potential to shake global financial markets.

As reported by Xinhua News Agency, China's Ministry of Energy and Mineral Resources announced the discovery of a gold deposit in Liaoning, a region in northeastern China bordering North Korea two weeks ago.

The gold reserve, called The Dadonggou, is the largest single discovery since 1949. It contains 2.586 million tons of gold ore with an average grade of 0.56 grams per ton, equivalent to approximately 1,444 tons of gold.

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"The Ministry of Energy and Mineral Resources said this historic discovery will significantly strengthen China's strategic gold reserves and could lead to the creation of a world-class gold production base," as quoted by Xinhua.

According to Euronews, the Dadonggou gold reserves are worth €166 billion, or US$192 billion. Converted to rupiah, the value could even reach Rp 3,200.94 trillion.

This discovery was the result of exploration by the Liaoning Geological and Mining Group. The state-formed group consists of 1,000 technicians and workers. They successfully completed the exploration in just 15 months.

China has indeed accelerated its mineral exploration efforts in recent years.

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In 2024, officials reported the discovery of deposits of over 1,000 tons in Hunan Province, and over 40 tons in Gansu in October.

China produced 377.24 tons of gold in 2024, a 0.56% increase compared to the previous year.

This latest discovery also comes amid a surge in gold demand. Global gold prices have risen more than 50% this year, driven by a weakening dollar, geopolitical tensions, and large-scale purchases by central banks, particularly in developing countries seeking to diversify their reserves.

Domestic consumption in China alone reached 985.31 tons in 2024, with demand for gold bars and coins increasing more than 24% year-on-year.

Analysts say this trend reflects the growing interest of China's growing middle class in protecting its wealth amid global economic uncertainty, making gold an increasingly popular safe-haven asset across the country.

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