Fujian Zijin Mining Group A Shares Trading

Fujian

Video: Zijin Mining has been fined nearly ten million yuan for the "pollution gate" incident. The Fujian environmental protection department has identified that the pollution accident caused by Zijin Mining has caused a direct economic loss of 31 million 877 thousand and 100 yuan.

In addition to issuing tens of millions of dollars in tickets, the Fujian environmental protection department also ordered Zijin Mining to take measures to eliminate pollution until the governance is completed.

Zijin Mining said in its announcement that the company decided to give up its application for administrative reconsideration and administrative proceedings, and will promptly fulfill the punishment decision of the administrative penalty decision.

In July 3rd and July 16th this year, there were two sewage leakage accidents in the wet factory of Zijin Mining copper mine, which caused the pollution of the Ting River Basin in Fujian, resulting in a large number of fish deaths along the Yangtze River in Shanghang and Yongding.

Taking into account the market shrinkage of BP company due to the Gulf of Mexico oil spill and its precedent, it is feared that Zijin Mining will also be hit hard in the process of paying for "major environmental emergencies".

Market reaction is relatively stable.

Although Zijin Mining A shares fell to 4.97 yuan in July 19th, a recent low.

But the stock price began to climb all the way.

After today's trading, Zijin Mining A shares have reached 8 yuan.

Analysts said, on the one hand, the environmental protection department announced the result of punishment is lower than the market expectations; on the other hand, resource stocks have been highly sought after recently.

Therefore, Zijin mining industry still has room for improvement in the short term.