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Lina Vargas Vega – [email protected]
This October 23, the President of the Republic, Iván Duque Márquez inaugurated what was called the most important gold mine in the country. The Buriticá Mine located in the municipality of the same name in Antioquia, in the middle belt of the Cauca River.
This is a project of the Zijin-Continental Gold mining company, the excavation and construction of the mine began in 2017 and investments exceeded US $ 610 million. The first underground gold mine becomes a key player for the economic reactivation.
The mining company in charge of the project is part of Zijin Mining Group Co, a mining group dedicated to the exploration and extraction of gold, copper, zinc and other mineral resources. The company is dual listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
Continental Gold, was in charge of a smaller mine in the region, thus began the exploration of that land. Zijin bought all the shares of the mine on March 5, each share at US $ 5.50 and thus assumed control of the property.
The mine has been approved by the National Environmental Licensing Authority (ANLA), since November 20, 2016 and a year later the construction of the large-scale mining complex began. Its commercial operation will begin in December.
