Zijin mining "pollution gate" after the profit innovation high illegal cost is too low?

The spate of environmental accidents has not affected the performance of Zijin mining, as the outside world predicted.　　Yesterday night, Zijin Mining disclosed that the benefit of non-ferrous metals prices, the company's first three quarters to achieve operating income of 20.617 billion yuan, an increase of 39.69%, net profit of 3.847 billion yuan, the year-on-year increase of 33.09%. The performance of China's biggest gold producer has been on the rise since it landed at HKEx in 2003, with net profits in the first three quarters of the year even exceeding last year. In the third quarter after the "pollution Gate", the company achieved a net profit of 1.14 billion yuan per quarter, an increase of 19.05% per cent year-on-year.　　In the same period last year, Zijin mining net profit growth was only 15%. Zijin Mining reported that the rise in performance was mainly attributable to a sharp rise in metal prices year-on-year, gold, copper and zinc prices rose 26.7%, 40.46% and 34.27%. However, Zijin Mining also admitted that, due to raw material prices, rising labor costs and the northern snowstorm, the southwest drought and other extreme weather effects, at the same time by the "7 3" accident, the Purple Mountain mineral bullion unit sales rose 19.71%, the cost of mineral cathode copper unit sales rose 55.92% per cent year-on-year,　　Comprehensive impact of mineral gold, copper concentrate, mineral zinc unit production costs increased 14.64%, 13.13% and 21.72%. The Zijin mining industry has attracted much attention this year because of successive environmental accidents. July 3, the Zijin mining of Zijinshan copper mine wet-process plant copper-containing acidic wastewater leakage accident. After the incident, the company stopped production of copper mine wet-process plant. It then reduced production plans for 10,000 tonnes of copper and 1 tonnes of gold, at least 260 million yuan, according to current prices.　　September 30 this year, the Fujian Provincial Environmental Protection Bureau announced that according to the relevant laws and regulations of the Zijin mining fines of 9,563,130 yuan. In this respect, yesterday Zijin mining frankly, the company image seriously damaged. At present, the company is based on rectification advice, commissioned by the design unit to develop purple Mountain copper hydrometallurgy plant restoration and reconstruction planning, adjust the construction scale. "Strive for a year to restore the reconstruction and restore production as soon as possible."　　"Zijin Mining said. Wave surging, September 21 this year, affected by typhoons, Zijin mining Xinyi Purple Gold and silver ore mine Gao Qi Ridge Tailings dam overflow, the downstream part of the housing, farmland damage, and caused casualties.　　As a result of the accident, the Xinyi government has sued the Zijin mining industry to claim compensation for economic losses of 19.5 million yuan. Previously, the industry generally believed that the troubled Zijin mining industry not only damaged its reputation, its performance will be dragged down. As a result, the Zijin mining industry's third-quarter earnings growth, still nearly 20%, is somewhat unexpected.　　One industry insider, who declined to be named, questioned the results of the company's earlier penalties for environmental accidents. In fact, after the Zijin mining industry due to the "green Door" has been nearly tens of thousands of fines, many people have pointed out that the Zijin Mining 2009 Annual report showed that the company's sales revenue of 20.956 billion yuan, net profit of up to 3541 million yuan. Tens of millions of dollars in such a company fines is only 0.27% of its profits.