Shandong Gold Group Output May Gain 18% to 25 Tons

The Shandong Gold Group may increase mined output of the precious metal this year by 18 percent to 25 metric tons, Chairman Wang Jianhua told a conference in Shanghai today.

The group has invested 1.15 billion yuan ($173 million) on exploration in the five years ending this month, resulting in an expansion of deposits by 800 tons, Wang said.

To contact the Bloomberg News staff on this story: Feiwen Rong in Beijing at frong2@bloomberg.net

To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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