China Gold Output Seen Rising to Record by Mining Group

Gold output in China, the world’s largest producer, is poised to rise almost 10 percent this year to a record even as bullion prices slump, the nation’s mining association said.

Output may rise to as much as 440 metric tons, said Wang Jiahua, executive vice chairman at the China Mining Association. The country, which overtook South Africa as the largest producer in 2007, had output of 403 tons in 2012, according to data from the Beijing-based group, an affiliate of the Ministry of Land and Resources.