PRECIOUS METALS

Zijin officially opens Buritica

Zijin Continental Gold has inaugurated the 282,000oz-a-year Buritica gold mine in Antioquia, Colombia, acquired by the Chinese company in March.

Paul Harris in Medellin, Colombia
 Zijin Continental Gold CEO James Wang (right) inaugurates the Buritica mine in Antioquia, Colombia

Zijin Continental Gold CEO James Wang (right) inaugurates the Buritica mine in Antioquia, Colombia

"The Buritica mine represents legal and good mining," Zijin Continental CEO James Wang said at a ceremony attended by Colombia president Ivan Duque.

"Legal mining is a good neighbour. Legal mining preserves the culture and of the territories and supports the development of the region.

"Today we begin a new chapter in Colombia's mining sector. We want to be a good example and we are working to be the best mine in Colombia."

Wang said the mine construction cost was US$610 million, 57% more than the $389.2 million estimated in the February 2016 feasibility study.

 

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