Zijin Mining chairman fined 700,000 yuan

Zijin Mining (601899, closing price 7.81 Yuan) today (December 28) announced that the company chairman Chen Jinghe, director Laichang (concurrently the company's executive vice president and Zijin Gold Copper mine manager) on December 27, 2010, respectively received the Fujian Province Environmental Protection Department issued the "　　Administrative punishment decision Book of Fujian Provincial Environmental Protection Office. According to the decision, July 3, 2010 and July 16, the Zijin mining under the purple Gold copper mine wet-process plant has two copper-containing acidic solution leakage, resulting in Tingjiang major water pollution accidents, direct economic loss of 31.8771 million yuan.　　In accordance with the relevant regulations, the Chen Jinghe fine 705,997 yuan, the Laichang fine 449,768 yuan. At the same time, Zijin Mining Bulletin said, in order to help Xinyi purple gold and silver ore mines downstream of the disaster-stricken people self-relieved and post-disaster reconstruction, the company decided to donate 50 million yuan to the Xinyi Civil Affairs Bureau. and Xinyi Zijin as the disaster-stricken units and related responsibility units, will assume legal responsibility, the company as a shareholder unit, support Xinyi Zijin adopt various methods (including the disposal of assets and rights) to raise funds, priority for the victims settlement.