Jiaodong Peninsula in East China's Shandong province has become the world's third-largest gold mining area as gold deposits in deep areas and seabed have been discovered in the past decade, according to Shandong Provincial Department of Natural Resources.

CHICAGO, Sept. 16 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as traders positioned themselves ahead of the U.S. Federal Reserve's statement due after the market's close.

Inner Mongolia North Heavy Industries Group Co Ltd (NHL), a major Chinese mining truck manufacturer, rolled the first of 28 units of its 360-metric-ton carrying capacity electric mining trucks off the production line last week for an Australian client.

Brazilian mining company Vale and Ningbo Zhoushan Port Group has held a ceremony on Aug 25 in Ningbo to celebrate the inauguration of the Shulanghu Grinding Hub, the firm's first such operation in China.

Yantai Port in East China's Shandong province set a new world record in unloading efficiency after unloading an average of 12,438 tons of iron ore per hour from a single ship.

SHANGHAI - Gold futures closed higher Wednesday in daytime trading on the Shanghai Futures Exchange.

The most active gold contract for December 2020 delivery jumped up 12.38 yuan ($1.77) to close at 444.06 yuan a gram.

The total trading volume for eight listed gold futures contracts on the exchange was 431,476 lots, with a turnover of about 189.46 billion yuan.

China launched gold futures in January 2008.

China's "new infrastructure" construction plan, particularly charging piles for new energy vehicles, 5G base stations, ultrahigh voltage power and intercity high-speed railways, may boost demand for metals like copper and cobalt, industry experts said.

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