Guangdong Xinyi claims Zijin mining 19.5 million

Zijin Mining (601899. sh;02899.　　HK) October 17 Night notice said that because of the GAO Qi Ridge tailings dam accident, the company's two wholly-owned subsidiaries by the Guangdong Province Xinyi government sued and claimed 19.5 million yuan.　　September 21, Zijin Mining wholly-owned subsidiary Xinyi Purple Gold Mine Co., Ltd. and Xinyi Mining Co., Ltd. has the right to operate Xinyi Qian Xinyi Silver ore mine Gao Qi Ridge tailings reservoir, in the typhoon "Van Asia" brought about by the storm in the event of a dam break, resulting in 28 people dead or missing. Xinyi Government pointed out that the above incident to Xinyi caused significant casualties and property losses, so the court ordered two companies compensation for economic losses of 19.5 million yuan.　　If the loss in full approval of more than 19.5 million yuan to increase the request for further action. Zijin Mining, said the subsidiary has received the Xinyi people's Court in Guangdong province on 16th notice. At present, the accident is still in the investigation and determination.　　The two companies will submit to the Court in accordance with law the design, construction, supervision, acceptance and "Gao Qi" circulation, rainfall and other related evidence, and bear the corresponding responsibility according to the court hearing.　　Zijin Mining was announced on October 7 evening, because the company's Zijin gold and copper mine wet factory has two times leakage caused tingjiang major water pollution accident, so the company was Fujian Province Environmental Protection Office administrative Punishment 9,563,130 Yuan. Zijin mining A shares in Friday closed at 10.27 Yuan, rose 0.69%;h shares on the day closed at HK $7.83, down 1.39%.