Beijing, December 22:
China has announced the discovery of Asia’s largest undersea gold deposit, located off its southeastern coast, officials said on Monday. Preliminary estimates suggest that the deposit contains several hundred tonnes of gold, marking a significant addition to the country’s mineral resources.
The discovery was made during a joint survey conducted by China’s mineral exploration authorities and marine research institutes. Officials noted that advanced deep-sea exploration technology was used to identify the deposit at a depth of several hundred metres below the ocean surface.
Experts highlighted the potential economic and strategic significance of the find, while also noting that extraction will require state-of-the-art mining technology and strict adherence to environmental regulations. Authorities emphasised that any future mining operations would prioritise ecological safety to minimise impact on marine ecosystems.
China’s Ministry of Natural Resources said the discovery could strengthen the country’s position in the global gold market and provide additional raw material for industrial and financial purposes. The finding has drawn attention from global investors and analysts keen to track its implications on gold supply and prices.
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