Facing unpredictable Trump and prices, Shenzhen-listed Naipu says risks are too great

20260204 Naipu Mining

Naipu Mining Machinery had been due to invest in a Colombian copper, gold and silver project. (Nikkei montage/Source photo by Getty Images, screenshot from Naipu Mining’s website) 

KENJI KAWASE

February 4, 2026 15:23 JST

TOKYO — A Chinese manufacturer of mining machinery said it will cancel a nearly $150 million investment plan in a Colombian gold mine, citing mounting geopolitical risks as well as volatile prices.