CGA: China's gold output, consumption fall in Jan-Sept

Domestic production and consumption of gold throughout China both declined on year during January-September, slipping by 1.2% and 11.2% respectively to 268.1 tonnes and 741.7 tonnes, according to a China Gold Association (CGA) release issued on October 28.

Within the total output, gold extracted from domestically-mined minerals and as a by-product of nonferrous smelting reached 209.7 tonnes and 58.4 tonnes respectively, the CGA data showed. "China's gold mining industry is currently in a transition period between old and new production capacities (so) gold output has not increased as