Zijin mining in the aftermath of the accident

The Zijin Mining Industry (601899) was two months after the accident occurred in Zijinshan copper mine wet-process factory in July this year. SH,02899.HK) The recent recurrence of a major dam-breaking accident, resulting in the death or disappearance of 28 people.　　At present, Guangdong province concerned departments have been involved in investigation.　　The accident is Zijin Mining's wholly-owned subsidiary-Xinyi Purple Gold Industry Co., Ltd. (hereinafter referred to as "Xinyi Zijin") Ag-rock tin ore tailings reservoir, in September 21, "Van Asia" caused by the Storm dam. September 26 Night, Zijin Mining in the external announcement of the citation Xinyi ventilation office provided data that as of September 25, 2010, the report of 6 o'clock, tailings reservoir downstream of the death toll of the village of 4 people. The silver-rock tin ore has ceased production. According to incomplete statistics, the direct economic loss caused by this disaster accident to Xinyi Zijin is about 19 million yuan.　　At present, Xinyi Zijin is doing a good job in emergency management and rescue work. 16 o'clock in the afternoon the same day, the Guangdong provincial government News Office held a press conference to inform the "9 21" flood disaster related situation.　　Guangdong provincial Government secretary Tanghao in the press conference, the heavy rainfall caused by the Xinyi silver-rock tin mine tailings dam, according to the verification, the dam caused 28 people died or disappeared. As for the number of casualties, Zijin Mining Securities general manager Zhao Ju just last night in the "First financial daily" interview, said, "The two sides of the statistical time cut-off point, the last incident, the outside world that Zijin mining information disclosure is slow, so this time, we in the first time disclosure information." The final number of deaths or disappearances depends on the final findings. Tanghao said the statistics cut-off time for the data was 12 o'clock September 26.　　This is 18 hours late from the Xinyi ventilation cited by Zijin mining. Tanghao to the "first financial daily" that the Zijin mining dam incident, Guangdong Province attaches great importance.　　September 23, Guangdong Province has been set up by Deputy Secretary of the Provincial party committee, provincial discipline Inspection Secretary Zhu Ming as the team leader, deputy governor Li Jungen as deputy leader of the investigation and management team, is responsible for a comprehensive investigation to deal with the cause of the dam-breaking incident, the current investigation is under tension. The silver-rock tin ore is not an illegal mine. Zijin Mining announced that the tailings reservoir by the Nanchang nonferrous Metallurgy Design Research Institute (now for China Alarelin Design Engineering Co., Ltd., Grade A design qualification) design, by the Guangdong Province Work Safety Supervision and administration organization experts and related personnel to the tailings warehouse on-site completion of acceptance,　　and has been issued by the Guangdong Province Work Safety supervision administration of safety production license. Tanghao said that the failure of the dam, the enterprise must be responsible, "but to what extent the responsibility, which is the responsibility, have to wait for the investigation results to know." "According to the prospectus of the Zijin Mining 2008 listing, Xinyi Zijin was established on January 17, 2007 and the current registered capital has been expanded to 200 million yuan," the statement said. Originally planned to be put into production in 2008, the planned addition of tin production of 3000 tons/year, molybdenum production of 200 tons/year.　　But for a variety of reasons, has not yet officially put into production. According to the announcement of September 26, the Silver RockThe tin mine is at the stage of trial production, and the dam of the tailings reservoir is a permeable Rockfill dam at the initial stage of operation.　　September 23, from the Guangdong Provincial Environmental Protection Agency, said after days of the provincial, municipal and county level three environmental protection departments in Xinyi silver Ore tailings dam event site monitoring results show that the Pai River and Huanghuajiang water quality indicators are not more than surface water ⅱ standards, non-polluting Water quality, the department has ordered Purple Gold Mining Co., Ltd. immediately stop production.　　Zijin Mining Secretary Zheng told the media, Xinyi Zijin when the production will be subject to the investigation of the relevant departments of Guangdong province, the incident on the overall impact of the Zijin mining industry, because Xinyi is still in the trial production stage, the company's other production and operation of Normal. Because the international gold price strengthens, therefore the Zijin mining's movement has not been affected by this accident, continues to strengthen. Yesterday, the Zijin mining A shares closed at 6.42 Yuan, Rose 2.56%.