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Two mines in the Shandong Province of China, belonging to Zijin Mining Group, have suspended production after requests by the government to review safety.
Shanghai Daily says this “. . . could signal a raft of stronger measures from the government aimed at mining and metals companies following a number of severe accidents and environmental disasters in recent months nationwide.”
On Tuesday, the company’s stock fell two percent on the Hong Kong Stock Exchange after news of the suspension.
According to the company’s website, Zijin is China’s largest gold producer, third largest copper producer and one of the country’s six major zinc producers.
