A huge gold mine located in the earthquake-stricken Wenxian County of Gansu Province contains at least 308 tons of gold with the high grade "96" vein, making it the biggest gold mine in Asia and the sixth in the world, as reported.

At least RMB 61.6 billion of fortune lies in the mine, based on the price of RMB 200 per gram. The mine will have an annual output of 2 to 5 tons with an estimated profit of RMB 300 million each year, predicted by analysts.

Three listed mining companies including Zhongjin Gold Co., Ltd<600489>, Shandong Gold Mining Co Ltd<600547> and China's biggest gold miner Zijin Mining Group Co Ltd<601899><2899> have confirmed been involved in the bidding and are waiting for the result, according to the source.

Whether or not any foreign magnate is included in this contest remains unknown, as reported.