China's Zijin Mining Faces Production Curbs -Paper-Shanghai Metals Market

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China's Zijin Mining Faces Production Curbs -Paper

Industry News 09:01:58AM Jul 27, 2010 Source:SMM

SHANGHAI July 27 (Reuters) - The government has ordered Zijin Mining Group Co Ltd (2899.HK)(601899.SS) to restrict production after discharges from its copper mine polluted a river and reservoir in Fujian province, the official China Securities Journal reported on Tuesday, citing unnamed sources.

Trading in shares of Zijin was suspended in Shanghai and Hong Kong pending the release of an announcement following the accident.

It was not clear whether the production curbs will be limited to its copper mining activities or will also apply to its gold mining business, the newspaper said.

Zijin Ming had planned to expand its annual copper mining capacity to 200,000 tonnes from 13,000 tonnes. ($1=6.83 Yuan) 

 

China's Zijin Mining Faces Production Curbs -Paper

Industry News 09:01:58AM Jul 27, 2010 Source:SMM

SHANGHAI July 27 (Reuters) - The government has ordered Zijin Mining Group Co Ltd (2899.HK)(601899.SS) to restrict production after discharges from its copper mine polluted a river and reservoir in Fujian province, the official China Securities Journal reported on Tuesday, citing unnamed sources.

Trading in shares of Zijin was suspended in Shanghai and Hong Kong pending the release of an announcement following the accident.

It was not clear whether the production curbs will be limited to its copper mining activities or will also apply to its gold mining business, the newspaper said.

Zijin Ming had planned to expand its annual copper mining capacity to 200,000 tonnes from 13,000 tonnes. ($1=6.83 Yuan)