Yantai,locates in Shandong provines, is a renowned "Land of Gold" throughout the world, with the annual output of gold accounting for nearly one quarter of the national toatl, has retained the title of Number One City of Gold Production in China for 20 years in succession.
Gold deposits and gold mineralized places have been discovered in 11 of the 12 counties and districts under its jurisdiction, 8 of which are engaged in goldmining and have opened 49 gold mines of township level and higher. The city has set up a well-structured serialized system of gold industry with a complete range of specifications, including prospecting, survey, mining, mineral separation, smelting, gold ornaments processing, mine designing and machine manufacturing and repairing, etc.
There have established one after another a series of fine-processing and high value-added gold industries, such as China's largest specialized gold smeltery, gold and silver jewlery fabrication factory, and gold wire factory, etc.
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