Zijin Mining aims to produce a record 300,000 ounces of gold from its Buriticá mine in Colombia this year despite facing challenges from criminal mining that restricts access to half the underground mine. The company filed an international arbitration case against Colombia over alleged failures to protect its mining interests.
Zijin Mining aims to produce a record 300,000oz of gold from its Buriticá mine in Antioquia, Colombia , despite facing an onslaught from criminal mining that means it cannot access half of the underground mine, Zijin's vice president Shen Shaoyang told delegates at the 2024 Gold Forum Americas in Colorado Springs, US.
5Moz in 2028, an annual growth rate of 8%. In 2023, its operations in China produced 700,000oz, South America 610,000oz and Australia 220,000oz. Production this year is forecast at 2.4Moz.The company also plans to grow its copper business by 8% per year from just over 1Mtpa in 2023 to 1.5-1.6Mtpa. In 2023, its operations in China produced 435,000t, Democratic Republic of the Congo 300,000t and Serbia 240,000t. It has guided 1.1Mt of production this year.
Zijin Mining Gold Production Buriticá Mine Colombia Criminal Mining Arbitration Case
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