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ZHAOJIN MINING Erodes 7%+ as Gold Mine Accident w/ 7 Fatalities Under Investigation for Concealment
Recommend 11 Positive 11 Negative 11 |
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A cage fall accident occurred at a blind shaft in the Shangzhuang section of ZHAOJIN MINING (01818.HK)'s Canzhuang Gold Mine in Zhaoyuan City of Shandong Province, resulting in seven fatalities, according to Jiemian.com. Relevant departments like emergency and public security had launched a simultaneous investigation into the cause of the accident and issues such as the Company's alleged concealment of the incident. ZHAOJIN MINING's share price opened 6.12% lower before its decline expanded today (10th), and bottomed at $31.6. It last printed at $32.08, down 7.34%, with 15.039 million shares traded, involving $482 million. Canzhuang Gold Mine is a member enterprise of ZHAOJIN MINING, established in 2009, primarily engaged in the mining and processing of non-ferrous metal ores, according to the Tianyancha APP. Public information reveals that Canzhuang Gold Mine was penalized twice by local regulators last year. AASTOCKS Financial News Website: www.aastocks.com |
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