China's Zijin Mining Group is in big trouble in Colombia! The gold mine they bought for $1 billion is now being stolen by a group of rebels armed with AK47s.
There are as many as 7,000 rebels. They dug 50 kilometers of underground tunnels around the mine and stole gold 24 hours a day. In order to protect their property, Zijin Mining had to fight these illegal miners in the tunnel.
But what was the result? Zijin Mining still lost two mines. Last year, 3.2 tons of gold worth $200 million were stolen, which is 38% of their total production! Several security guards were injured or even killed.
Although Zijin Mining said that they can still mine more than 8 tons of gold every year and complete the established tasks, they must be unhappy. So they filed a lawsuit against the Colombian government in the International Court of Justice, asking them to pay $430 million in compensation, saying that the government did not fulfill its protection duties.
But the Colombian government said that they had no way to control these illegal miners. Some officials even proposed that Zijin Mining give up some of its mining rights in exchange for peace. This is simply ridiculous!
And there may be a bigger conspiracy behind this. The previous owner of this gold mine was a Canadian company. So there may be shadows of the United States and Canada behind this.
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