 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Hong Kong (AFP) Dec 28, 2010 China's Zijin Mining said Tuesday it would donate about 7.5 million US dollars to help victims of a dam collapse near a tin mine that killed at least 22 people. The company, China's top gold producer, said its board approved subsidiary Xinyi Zijin giving the 50 million yuan to the Xinyi City government to express its "deep sorrow and regret" over the incident in September. In a statement to the Hong Kong Stock Exchange it said the money was "in order to assist victims" downstream from Xinyi Zijin Yinyan Tin Mine to be able to rebuild, and to "fulfill the company's social responsibility." Zijin Mining said it backed Xinyi Zijin "to take all measures (including disposal of assets and equity) to raise funds to settle claims made by the victims of the disaster in priority." Zijing Mining shares fell about two percent to 6.86 Hong Kong dollars (88 US cents) by the break. It said Tuesday it accepted a provincial government report finding it and Xinyi Zijin responsible for the fatal dam collapse due to safety and construction violations, which were aggravated by a typhoon. About three dozen people -- including local government workers -- were "believed to be responsible" for the accident in southern Guandong province, the official Xinhua news agency reported, quoting provincial authorities. The cases of 15 people were passed to court officials "for further possible penalties," Xinhua said. Zijin Mining made headlines earlier this year after a toxic spill at a copper mine it operates in the country's southeast contaminated a major river, killing nearly 2,000 tonnes of fish. In a separate statement Tuesday, Zijin Mining said the government fined its chairman Chen Jinghe and executive director Zou Laichang a combined 1.16 million yuan over the July accident. In October, the company said it had been fined 9.56 million yuan over the same incident.
Share This Article With Planet Earth
Related Links Water News - Science, Technology and Politics
Huge hydro plant starts operation in Vietnam, says officialHanoi (AFP) Dec 20, 2010 Southeast Asia's largest hydroelectric power station has begun operating to help ease an electricity shortage in fast-growing Vietnam, an official said Monday. The first of six turbines at the Son La station was connected to the national power grid on Friday, said Hoang Trong Nam, director of the plant's management board. He said the two-billion-dollar plant with a capacity of 2,400 mega ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
