Safety Issues at Xiangrong Mining Prompt Shutdown, Affecting Luoping Zinc's Zinc Concentrate Production
On June 3, Luoping Zinc & Electricity issued an announcement stating that the Puding County Emergency Management Bureau discovered safety issues at Xiangrong Mining during an on-site inspection. Currently, Xiangrong Mining's beneficiation plant and tailings dam have ceased operations. The ore mined by the company's subsidiaries was all processed through Xiangrong Mining's beneficiation plant to produce zinc concentrates. If the subsequent remediation measures or rectification progress for Xiangrong Mining's tailings dam is slow, or if the renewal procedures for the Safety Production Permit cannot be completed smoothly, it will adversely affect the company's self-produced raw materials (primarily zinc concentrates).