Colombia Alleges Zijin Downplayed Risks
Colombia accused Chinese miner Zijin of misleading investors about security at its Buritica gold mine while simultaneously seeking damages from the government over attacks. The dispute highlights growing risks for resource companies facing illegal mining threats.
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Colombia has accused ZIJIN MINING GROUP CO LTD-H of concealing security risks at the Buritica gold mine while simultaneously pursuing $500M in damages from the state. The legal battle unfolds at the World Bank's International Centre for Settlement of Investment Disputes. China-based Zijin acquired the project from Canada-based Continental Gold in 2020.
