Colombian President Duque said at the commissioning ceremony of Colombia’s “Continental Gold” project on the 23rd local time that similar large-scale projects not only directly affect the employment and livelihoods of thousands of people in the mining area, but are also related to national taxation and sustainable development.
It is an important booster for Colombia to restart the economy and restore people’s livelihood in the post-epidemic era. He also said that this year marks the 40th anniversary of the establishment of diplomatic relations between China and Colombia.
Colombia hopes to continue to uphold the principle of equality and reciprocity, deepen all-round economic cooperation with China, and take pragmatic measures with China to attract more outstanding Chinese companies to invest in Colombia and take root in Colombia.
Work together to promote economic recovery and growth in the post-epidemic era.
The “Mainland Gold” project was wholly-owned by a Chinese company in March 2020, with a total amount of approximately US$1.378 billion. The project’s core asset, Britica Gold Mine, is expected to produce approximately 7.8 tons of gold per year in the future.
Affected by the new crown pneumonia epidemic, Colombia’s economic growth lacks momentum. The International Monetary Fund recently released a report stating that Colombia’s economic growth rate is expected to be -8.2% in 2020, which is lower than the average level of -8.1% in Latin America. The report also predicts that Colombia’s economic growth will return to 4% in 2021.