Chinese investing in Columbia mid cauca Gold rich belt26 Dec 2020 10:46
Official Visit Paves The Way
In an official capacity, Ivan Duque, the President of Colombia, visited Beijing in July 2019, to encourage Chinese investment in his country. It was a notable gesture going a long way to strengthen Colombian-Chinese relations, and it’s already paying off. Within months of his visit, China’s Zijin Mining Group Co Ltd bought the Buriticá gold mine from Continental Gold along the mid-Cauca gold belt in Colombia.
And Zijin is not alone, Shandong Gold Mining Co. Ltd has also been making acquisitions in South America. These mining giants would not be putting vast amounts of money, time and effort into exploring the region if they didn’t have high hopes for big finds. This is a giant hint to investors to jump on the bandwagon and propel personal wealth to astronomical levels.
Some may see these Chinese acquisitions as a strategic part of their mission to become the next global superpower, but perhaps they just know an opportunity when they see it and are leveraging the current bull run on gold to take advantage of every prospector worth their salt.
In any case, it’s obvious that South America is a literal goldmine and the mid-Cauca gold belt, is proving to be one of the most prolific on the planet as it’s home to some of the most exciting new discoveries of the past ten years. Many of these incredible finds are over 11+ million ounces reaffirming it really is Elephant Country and a place where large discoveries are not out of the ordinary.
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