On October 23 (Bogotá time), the Buritika Gold Mine in Colombia, developed by Zijin Mining, was completed and put into production.
In December 2019, Zijin Mining acquired all shares of Continental Gold for approximately RMB 7 billion in cash, thereby acquiring 100% of the interest in the Buritika Gold Mine in Colombia. The mine has 353 tons of gold resources, which is 1.19 compared to the global primary gold ore. The average grade of the Buritika gold mine is as high as 9.3 grams/ton.
According to reports, the Buritika Gold Mine will reach an annual production capacity of 9 tons of gold next year, and will become one of the largest gold mines in Zijin Mining.
At the same time, based on the optimistic outlook of the country's gold resources, Zijin Mining has taken investment in Colombia as an important strategic resource base.
Recently, Colombia’s Minister of Mines and Energy Diego Mesa Puyo stated that metal minerals are a huge opportunity for Colombia. The mining concession covers only 3% of the country’s territory, while the mining business only accounts for less than 1% of the country’s land. A huge opportunity, especially for gold, copper and nickel mining.
The Colombian government will also start auctioning more than 30 potential mining rights blocks from 2021, including 18 districts in Antioquia Province, 12 districts in Tolima Province, and between Cesar and La Guajira Of the 7 regions.
Colombia is located in the northwestern part of South America, bordered by the Pacific Ocean to the west and the Caribbean Sea to the north. It is the only country in South America with a North Pacific coastline and a Caribbean coastline.
Colombia is synonymous with top emeralds. Its emerald reserves and production rank first in the world. In addition, there are also abundant mineral reserves of bauxite, uranium, platinum, gold, silver, nickel, and iron.
Coal: Colombia is the country with the richest coal resources in Latin America. It is mainly distributed in the El Serrejon coal field in Guajira province and the Layog coal field in Cesar province in the North Andean coal-forming belt.
Gold mines: mainly placer and vein type mines. Placers are distributed in Caucasia-Bagre, Choco, Bavacoas, Saldanha, San Miguel-La Sierra, Alma Philippines-Anori and Guyana region. The vein-type gold deposits are mainly distributed in the east-central Antioquia, West Cordillera, Cauca-Romeral, Ibague-Sonsson and Waiters in the central and northern parts of the country. .
Copper deposits: Porphyry copper deposits mainly include Pantanos-Pegadolcito in Antioquia Province and Mocoa in Putumayo Province; most of the skarn-type copper deposits currently discovered are Small ore, there is a good geological environment of this type of deposit in the Cordillera Mountain in Central; vein-type copper deposits are mainly polymetallic veins associated with gold, silver, lead and zinc. The main ore mineral is chalcopyrite, which is not seen Secondary enrichment.
Nickel ore: Colombia's nickel metal reserves1 rank third in Latin America. There are six nickel deposits in the country, the main deposit is the Ceromatoso deposit, and the ore grade is as high as 7%.
Colombia has rich mineral resources, but the degree of exploration is low and has great potential. The western part is located in the northern part of the Andean geotrough fold mountain system, and the eastern part is part of the Precambrian Guyana shield, which contains abundant resources such as coal, petroleum, emeralds, etc.; the central orogenic belt is located on the Andean metallogenic belt of the Pacific Rim. It has metallogenic conditions for porphyry copper deposits, porphyry copper-gold deposits, hydrothermal gold-silver deposits, and iron oxide type (IOCG) iron-copper deposits.
Since 2010, Chinese companies have entered Colombia one after another, and the number has increased in the past two years. It is mainly concentrated in five areas: infrastructure, petroleum, automobiles, information industry and mining. Colombia has a relatively fair and open environment, with good legal protection, labor cost-effectiveness, and business environment. International investment profits can also be remitted freely, making it an ideal investment destination. But because they are too far apart and lack of communication, the Colombian market is actually underestimated.
