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Lazaraga Gold Resources Ltd Analysts Say China to Become World’s Biggest Gold Market - In 2011, Lazaraga Gold Resources Ltd saw consumption in China climbing 20 percent to 769.8 metric tons while demand in India fell 7 percent to 933.4 metric tons - Lazaraga.com
Lazaraga Gold Resources Ltd Analysts Say China to Become World’s Biggest Gold Market

 

NewswireToday - /newswire/ - Pudong, Shanghai, China, 2012/02/23 - In 2011, Lazaraga Gold Resources Ltd saw consumption in China climbing 20 percent to 769.8 metric tons while demand in India fell 7 percent to 933.4 metric tons - Lazaraga.com.

   
 
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As the world’s biggest consumer of energy and base metals, China is set to become the world’s biggest gold user and beating India this year. This is based on a yearly surging gains drive increased demand for jewelry and investments.

This report was accumulated by Lazaraga Gold Resources LTD (lazaraga.com). from the producer-funded World Gold Council. They have forecasted that for the first time that China is likely to emerge as the world’s largest gold market.

The growth in China’s economy pushed the nation’s gold consumption ahead of everything from soybeans to copper, increasing income in the world’s most populous country.

Last year, demand for jewelry in China surged every quarter and in the second half, the country was the largest such market across the globe. On a quarterly basis up until December 31 of last year, China was already the top consumer with demand at 190.9 tons compared with India’s 173 tons.

We are a gold company focused on acquiring, exploring, and developing gold mines in the country of China. We are currently working an established area in the western zone, located in Henan Province. Henan is the second largest gold producing province in the country and the area is often referred to as the world famous "Gold Belt of China". Working parallel with our mining projects, the company resource base is expanding through nonstop efforts in exploration of existing projects as well as seeking new mining development projects in multiple districts. With a core focus of discovery and extraction of gold we have a track record of being one of the most productive mining companies in the region.

 
 
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Written by / Agency / Source: Lazaraga Mining and Exploration Ltd

 
 

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Lazaraga Gold Resources Ltd Analysts Say China to Become World’s Biggest Gold Market

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Publisher Contact: Lee Chow - Lazaraga.com 
+86 108001301688 Press[.]lazaraga.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Lazaraga Mining and Exploration Ltd securities in any jurisdiction including any other companies listed or named in this release.

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