The Journal. The Underground Battle for Colombia's Richest Gold Mine
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Jan 2, 2025 In this engaging discussion, Juan Forero, a WSJ reporter specializing in conflict and resource exploitation, sheds light on the escalating violence at Zijin Mining Group's gold mine in Colombia. He reveals how the Gulf Clan, a notorious drug-trafficking militia, has seized tunnels, costing the company around $200 million in lost gold. Forero outlines the intricate battle between organized crime and legitimate business, highlighting the turmoil miners face and the complexities of government response in a region steeped in both wealth and conflict.
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Mine Under Siege
- Juan Forero traveled to Buritica, a Colombian town in the Andes mountains, to investigate Zijin Mining Group's gold mine.
- He found the mine under siege by rival miners stealing gold with the support of a militia group.
Zijin's Importance
- Zijin Mining Group, a Chinese state-controlled company, operates globally and is crucial for China's commodity acquisition.
- The Buritica mine, a significant operation for Zijin, has experienced substantial losses due to rival miners.
Gulf Clan's Involvement
- The Gulf Clan, a powerful drug cartel, is heavily involved in the gold mine invasion, providing logistics, equipment, and manpower to the miners.
- Their involvement extends beyond taking a cut; they actively organize and support the illegal mining operations.