Zijin Mining

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Zijin Mining Group Ltd
紫金矿业股份
Type Public
Industry Gold mining
Founded 2000
Headquarters Shanghang, Longyan, Fujian, People's Republic of China
Area served People's Republic of China
Key people Chairman: Mr. Chen Jinghe
Products Gold, Copper, Non-ferrous metals
Revenue RMB27,769,198,000 (FY 2010)[1]
Operating income RMB9,529,044,000[1]
Net income RMB5,742,124,000[1]
Employees 21,455[1]
Website Zijin Mining Group Company

Zijin Mining Group Ltd or Zijin (SEHK2899, SSE: 601899) (simplified Chinese: 紫金矿业; traditional Chinese: 紫金礦業; pinyin: zǐ jīn kuàng yè) is a leading Chinese gold, copper and non-ferrous metals producer and refiner in Mainland China.

Description[edit]

Zijin is one of the largest Chinese gold producers in China. It now operates the Zijinshan Gold Mine, the largest open pit gold mine on mainland along with three other gold mines in production.[2]

In 2006, Zijin had 49.28 tons of the gold output and the gold produced from mining reached 20.70 tons, respectively accounting for 20.53% of China's total gold production and 11.51% of the gold produced from mining in China in the same year.[3] In 2010 gold output had reached 69 tons.[1]

Incidents[edit]

July 2010 acid incident[edit]

On July 3 and July 16, 2010 acid waste escaped the Fujian province copper plant and into the Ting River. The accident was said to be the size of the BP deepwater oil spill.[4] The copper plant manager, deputy manager and head of environment were detained because the company waited nine days before revealing the spill.[5]

Sept 2010 dam collapse[edit]

In September 2010, four people were killed when a dam collapsed at the Xinyi Yinyan tin mine, following heavy rain.[6] The dam collapse was said to be caused by rainfall generated by a typhoon occurring only once in more than 200 years.[5]

See also[edit]

References[edit]

  1. ^ a b c d e "Zijin Annual Results 2010". Zijin. 2010. Retrieved June 8, 2011. 
  2. ^ yahoo.com
  3. ^ Brief Introduction to Zijin
  4. ^ News888.cn. "News888.cn." 紫金矿业被指瞒报污染事故38 天?!. Retrieved on 2010-01-08.
  5. ^ a b Bloomberg.com. "Bloomberg.com." Zijin mining officials fined 1.16 million yuan for waste spills in fujian. Retrieved on 2010-01-08.
  6. ^ "Mining Journal - Zijin Mining says dam collapse led to four deaths". Retrieved 2010-09-28. 

External links[edit]