Fujian Zijin Mining Group said in a notice submitted to the Hong Kong Stock Exchange on the 7th that it had received a notice of punishment issued by the Fujian Provincial Environmental Protection Department, involving a fine of RMB 956.313 million.
Zijin Mining said in the announcement that it received an administrative penalty decision issued by the Fujian Provincial Department of Environmental Protection on September 30. In addition to the fines, the decision book also ordered Zijin Mining to take measures to eliminate pollution until the completion of the treatment.
Zijin Mining said that it has waived its application for administrative reconsideration and filed an administrative lawsuit, and will implement the punishment decision in a timely manner.
Zijin Mining H shares were suspended from the Hong Kong Stock Exchange on the 4th of this month. The stock price was HK$6 before the suspension. The stock will resume trading on the morning of the 8th.
On July 3 this year, Zijin Mining was located in the Zijinshan Copper Mine Wet Process Plant in Shanghang County, Fujian Province. A sewage leakage accident occurred, and 9100 cubic meters of wastewater infiltration caused pollution in the Fujian Tingjiang River Basin, resulting in large fish along the Yangtze River and Yongding River. Area death and water pollution.
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