Chinese Firm Faces Limit on Gold Mining after River Polluted-Shanghai Metals Market

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Chinese Firm Faces Limit on Gold Mining after River Polluted

Industry News 01:17:41PM Jul 28, 2010 Source:SMM

Shanghai, July 27 (Xinhua) - Zijin Mining Group Co., China's leading gold producer, has been asked to restrict the mining of gold after its copper mine polluted a river in east China's Fujian Province, according to a statement on the Shanghai Stock Exchanges on Tuesday.

The local government of Shanghang County, where Zijin is headquartered, made the decision to limit the company's output to a level that can ensure the safety of environment, said the statement.

Trading of the company's stock was suspended for two days in Hong Kong and Shanghai pending the sensitive announcement.

The decision is expected to cut the company's gold output by 1 tonne, said the statement.

 

Key Words:  gold  Zijin Mining Group  

Chinese Firm Faces Limit on Gold Mining after River Polluted

Industry News 01:17:41PM Jul 28, 2010 Source:SMM

Shanghai, July 27 (Xinhua) - Zijin Mining Group Co., China's leading gold producer, has been asked to restrict the mining of gold after its copper mine polluted a river in east China's Fujian Province, according to a statement on the Shanghai Stock Exchanges on Tuesday.

The local government of Shanghang County, where Zijin is headquartered, made the decision to limit the company's output to a level that can ensure the safety of environment, said the statement.

Trading of the company's stock was suspended for two days in Hong Kong and Shanghai pending the sensitive announcement.

The decision is expected to cut the company's gold output by 1 tonne, said the statement.

 

Key Words:  gold  Zijin Mining Group