Southern Mongolian Human Rights Information Center

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Large Gold Deposit Found in Inner Mongolia: Report

Market Watch

Nov 3, 2010

By Chris Oliver

HONG KONG (MarketWatch) -- A gold deposit with large potential reserves has been found in China's Inner Mongolia Autonomous Region, according to a Wednesday report by the state-run Xinhua news agency. The deposit located near Baotou City reportedly has 100 tonnes of proven reserves, making it the largest of its kind in the region. The deposit was worth about 35 billion yuan ($5.2 billion), according to a mining engineer cited in the report.

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