Chinese billionaire Li Jinyuan will travel to Colombia this week to discuss a mining project with President Juan Manuel Santos and other officials, Portafolio reported, without saying where it obtained the information.

Li, chairman and chief executive officer of Tiens Biotech Group USA Inc., will be in Colombia July 14-18, the Bogota-based newspaper said.

To contact the reporter on this story: Matthew Bristow in Bogota at mbristow5@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net