The big pollution Small punishment Zijin mining limit has rushed through "the Pollution Gate"

Source: Internet
Author: User
Keywords Zijin Mining pollution trading Zijin mining pollution trading
Zijin mining "pollution gate" incident, with less than tens of thousands of yuan fines to end hastily.  Zijin Mining recently issued a notice, according to the Zijin mining in July this year, the gold and copper mine environmental law case, Fujian Province has received the Environmental Protection Department issued a punishment notice, involving a fine amount of 9,563,130 yuan.  This "spanking" type of punishment makes Zijin mining up the trading board 8th after the opening, Zijin Mining (601899) high rush, quickly sealed the limit to 8 yuan close, or even more than "pollution gate" before the outbreak of 6 yuan in the price of about 33%.  The result of the punishment is lower than the market expectation Fujian Zijin Mining group issued a notice in Friday in Shanghai, said that the Fujian provincial Environmental Protection Bureau has received a notice of punishment, involving a fine amount of 9,563,130 yuan. Fujian Environmental Protection Bureau identified, Zijin mining earlier pollution accident caused a total direct economic loss of 31.8771 million yuan.  In addition to issuing nearly tens of thousands of dollars of fines, Fujian Environmental Protection Office also ordered Zijin mining to take measures to eliminate pollution, until the completion of the treatment.  Zijin Mining said in the announcement that the company decided to waive the application for administrative reconsideration and administrative proceedings, and will promptly comply with the decision of the administrative penalty decisions.  Affected by the pollution accident, Zijin mining is expected that the purple Mountain copper wet factory will not be able to resume production during the year, the company's annual mineral gold production from 31.1 tons reduced to 30 tons, copper metal production 100,000 tons reduced to 90,000 tons, iron concentrate production from 1.3 million tons reduced to 1.18 million tons. Zijin mining last year achieved net profit of about 3.541 billion yuan, the first half of this year to achieve net profit of 2.707 billion yuan.  Less than tens of thousands of dollars in administrative fines, Zijin mining is just bucket.  Announcement, Zijin mining stock prices to stop, to 8 yuan close, compared to the previous session per share rose 0.73 yuan, a-share market value of a sharp increase of 4.6 billion yuan. "On the one hand, the Environmental Protection Department announced the results of the punishment is lower than market expectations, on the other hand, resource stocks recently sought after." As a result, there is still room for Zijin mining to rise in the short term.  Securities analysts say.  How can tens of millions of dollars of fines compensate for ecological damage?  July 3 and July 16 this year, Zijin mining copper wet-process plant has two times of sewage leakage accidents, triggering pollution in Fujian Tingjiang Basin, causing the river Shanghang, Yongding fish large area of death, direct economic loss of 31.8771 million yuan.  Since the water pollution has been exposed, Shanghang people again dare not drink tingjiang water; local fishery losses are huge. According to CICC, about 1.89 million kilograms of fish were affected. In addition, some experts said that the water diluted precipitation of copper ions may bring two damage, ecological recovery needs time and money. How to restore the local ecology?  Do you rely on this less than tens of millions of compensation? BP has made 20 billion of billions of dollars to fund a spill over the Gulf of Mexico oil spill, and chief executive Tony Hayward has had to retire early and even prepare to sell $30 billion trillion of assets to finance the payments. The Zijin mining industry, which also has a serious impact on the ecological environment, was only given aThe dollar ticket, more of a cautionary meaning, is far from severe punishment. Some experts said, the enterprise environmental risk awareness is not enough, safe environmental protection work is not in place, environmental protection crime cost is too low, is a lot of sudden environmental pollution incident common root.  If punitive compensation is introduced in the case of environmental pollution loss compensation, it will play a great deterrent role to the enterprise.  At present, punitive damages in foreign countries have many cases, but the domestic environmental pollution incidents have not appeared in the lawsuit. Reporter: Wangxiaoxing intern Liu Liping
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