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The Journal.

The Underground Battle for Colombia's Richest Gold Mine

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 2 January 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

Gunmen of the Gulf Clan, a drug-trafficking militia in Colombia, are seizing tunnels inside one of the largest gold motherlodes in Latin America. The mine belongs to Zijin Mining Group, a Chinese company, which says it has surrendered nearly two-thirds of its tunnels and lost an estimated $200 million worth of gold in 2023. WSJ's Juan Forero reports. Further Reading: -A Drug Gang Stole 3 Tons of Gold in a Scam So Perfect It’s Still Going  Further Listening: -Smuggling Migrants Toward the U.S. Is a Booming Business  -Why Black Lung Is Rising in Coal Country  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Last summer, our colleague Juan Ferreiro left his home base in Bogota, Columbia,

0:10.3

to visit a small town in the Andes Mountains.

0:15.1

You know, you're on a highway, and then you turn off, and you're very soon on a very narrow road that is a winding

0:24.3

road that starts to drop you know toward a valley beautiful scenery you know you see this tapestry of

0:30.9

different shades of green where farmers are are producing their crops and down several miles down, is the town of Buritika.

0:41.8

Burritika sits nestled within the mountains.

0:44.5

And in those mountains is a resource that people have been fighting over

0:48.0

since the arrival of Spanish conquistadors.

0:51.0

Shining, glimmering, valuable, gold.

0:58.0

Nowadays, it's not the Spanish who are looking for gold. Instead, it's a multinational giant out of China, the Zijin Mining Group.

1:06.3

Zijin's mine in Buritika is the richest gold mine in Colombia.

1:13.8

When Juan visited, he found a mine under siege.

1:20.6

When we got deep into the mine, you know, there's a point where Zijin is just not in control anymore.

1:21.7

And so what you see are sandbags everywhere.

1:25.3

And behind those sandbags are guards and they're outfitted, you know,

1:30.2

in bulletproof vests and so forth, and they're toting shotguns. On the other side of the sandbags

1:35.7

is a rival group of miners who are invading Zijin's tunnels to steal the company's gold.

1:41.7

In 2023, the miners stole tons of it, worth about $200 million, according to the company's gold. In 2023, the miners stole tons of it worth about $200 million,

1:47.2

according to the company's estimates. And they're stealing it with the help of a powerful

1:51.2

militia group, meaning the conflict often turns violent. The way they put it is this is

1:57.2

underground trench warfare. I mean, it is 600, 700 yards underground.

2:03.7

I don't know of another place in the world where you have two sides that are going at it that far underground.

...

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