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    Zijin Mining Is Once Again Caught In Scandal.

    2010/10/4 15:13:00 126

    Zijin Mining Scandal

      

    zijin mining

    [7.27 8.83%] (601899, SH) or again fall into

    Scandal storm

    Guangdong province has recently confirmed that Zijin Mining affiliated Xinyi silver rock tin deposit.

    tailing pond

    There are serious quality problems.

    4 persons in charge of the mine have been taken away to assist in the investigation, or they will be prosecuted for administrative or even criminal liabilities.


    In the night of September 20th to 21, during the daytime, the Zijin Mining silver rock tin mine met the heavy rain caused by Typhoon No. 11, "Fanyabi", which led to the breach on the right side of the dam in the early part of the Gao Qi mountain tailing dam in Xinyi, Guangdong. Some downstream houses, farmland and water conservancy facilities were damaged, causing casualties.


    On the afternoon of September 26th, the Guangdong provincial government held a press conference. The accident investigation team confirmed that there was serious quality problem in the tailings pond. 4 responsible persons in the mine were taken to assist in the investigation, or they will be investigated for administrative or even criminal responsibility.


    Tang Hao, Secretary General of the Guangdong provincial government, said at the press conference that 28 people were killed or missing.

    But in the evening of September 26th, Zijin Mining announced that as at 6 in September 25, 2010, the number of deaths in the Tatun village downstream of the tailings dam was only 4.


    For the discrepancy in data, Zhao Jugang, general manager of Zijin Mining securities department, said it was caused by the gap in the statistical time cut-off point.

    But according to Tang Hao, Guangdong news office's statistics are only 18 hours late.


    Tang Hao also said that enterprises must be responsible for the dam break accident, but the responsibility to what extent and responsibility is to be further investigated.


    At present, the mineral company (Xinyi Zijin subsidiary), which operates the silver rock tin mine, has been ordered to suspend business and has been frozen corporate funds account.

    Luo Yingnan, vice president of Zijin mining, said the accident is still under investigation and it is not easy to comment.


    According to the reporter's understanding, silver rock tin mine is still in trial production stage, but according to the prospectus listed in Zijin mining, Xinyi Zijin began construction in early 2007, and was originally planned to start production in 2008.

    To this, Zijin Mining securities affairs department, Mr. Zhao explained that because the relevant documents have not yet been completed, the silver rock tin mine tailings dam will only be completed by the end of this year.


    Zheng Yuqiang, deputy director of Zijin mining, emphasized that the dam break was caused by natural disasters.

    The company is in trial production stage, without potion, and has little effect on downstream.


    Previously, it was said that after the dam break, the four towns in Cenxi, Guangxi, have recently been killed in a large number of net cage fish.

    As of September 27th, the Yellow River Valley has accumulated 94 thousand kilograms of dead fish.

    However, the Guangdong provincial environmental protection department said in an interview with reporters that the monitoring results showed that all indicators were not exceeded, and the water quality was not abnormal.

    At present, the aquatic products Department of Wuzhou, Guangxi has sent some samples of dead fish to the relevant testing departments of the autonomous region for the detection of the cause of death. It is expected that the preliminary results will be obtained on the 30 th.


    It is reported that the environmental protection department has ordered Zijin Mining Company to stop production immediately, while strengthening environmental supervision to prevent enterprises from resuming their production in the tailings reservoir before acceptance, so as to eliminate accidents.

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