200 billion yuan(US $32 billion) gold mine discovered in Xinjiang Province

After five years of exploration and evaluation, the Xinjiang Geology and Mineral Resources department recently announced the discovery of a large gold mine in the Ili River Valley which is located in the northwest border of the Xinjiang Province. It is reported that the new gold mine may have a gold reserves of 53 tons, and the output is expected to reach hundreds of tons in the long-term, the potential economic value of the mine reaches 200 billion yuan(US $32 billion).

Source: Xinhua Net

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