HK Stock Market Move | Zijin Mining Group (02899) rose more than 3%. Currently, the safety of the Buritica gold mine in Colombia is still under control.

Zijin Mining Group (02899) rose more than 3%, as of the time of publication, it rose by 3.61%, to 14.94 Hong Kong dollars, with a trading volume of 273 million Hong Kong dollars. On the news front, on November 14, Zijin Mining Group issued a statement regarding media reports on illegal mining activities at the Buritica gold mine in Colombia, owned by Continental Gold Inc. The announcement stated that the company has noted reports from domestic media and self-media platforms regarding illegal mining activities around the Buritica gold mine. Zijin Mining Group stated that illegal mining activities have been prevalent around the Buritica gold mine for a long time. Since the completion of the acquisition in March 2020, Continental Gold has signed security agreements with relevant Colombian government departments to safeguard the mine. Since the second half of 2022, due to insufficient enforcement and police presence on site, illegal mining incidents have significantly increased. Due to historical reasons and site constraints, the Buritica gold mine has been controlled and partially mined by illegal mining organizations, resulting in some losses for Continental Gold. The exact amount of losses still needs to be verified. The company and Continental Gold are committed to combating illegal mining activities. With the joint efforts of local military and police, security personnel, and project staff, the mine is still under a controllable state despite being affected by illegal mining activities, and gold production continues to increase.