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Tuesday, December 28, 2010

China's biggest gold miner

Two senior executives at Zijin Mining Group Co, China's biggest gold miner, were fined for an acidic waste spill in July, the government of Fujian Province said yesterday. Chen Jinghe, president of the company, was fined 705,997 yuan (US$106,448) and Vice Executive President Zou Laichang got a fine of 449,768 yuan.

The amount of the fine was based on their income last year. Under the law, people who are directly responsible for a major water pollution accident should be fined no more than 50 percent of their income in the previous year. A total of more than 10 million yuan in fines, including 9.56 million yuan paid by the company, has been levied over the toxic leak disaster.

Zijin was accountable for the acidic waste spill in the province in July that poisoned almost 2,000 tons of fish and polluted drinking water. Zijin also had to pay at least 19.5 million yuan to compensate for losses caused by a dam collapse in one of its mines in south China's Guangdong Province in September during heavy rains, which left 28 people dead or missing.

Source: Shanghai Daily

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