China's Zijin Mining to buy Canada's Continental Gold for $1 billion amid security risk
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BEIJING/TORONTO (Reuters) - China's Zijin Mining Group Co Ltd has agreed to buy Canadian miner Continental Gold Inc for C$1.3 billion (£779.42 million), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal.State-backed Zijin's offer for Continental, announced on Monday, aims to secure Continental Gold's flagship Buritica gold project in Colombia. "Zijin doesn't have any experience in Colombia, and we have obviously had some incidents..