A goldmine with a potential economic value of 20 billion yuan ($3.3 billion) was discovered in the Xinjiang Uygur autonomous region, Xinjiang Daily reported on Tuesday.
The mine is expected to go into production before 2015, producing 3 metric tons of gold and 5,000 tons of copper every year, said Chen Nong, president of the Hainan Meisheng Group, adding the annual output value may pass 1 billion yuan.
The report said roads towards the mine are under construction.