Accident investigation of the Zijin Mining pollution incident

Summary. Hello dear, I am happy to answer for you: 1. Basically, after the opening of the holiday, there will be a word down limit, and the accident is the largest spread on the **, conservatively estimated two consecutive down limits; 2. In most cases, the reasons for the continuous decline are comprehensive, not just a negative news.

For example, in 2018, in addition to ZTE, there are also Changsheng Biosciences (002680) that have been delisted and have fundamental problems, which have skyrocketed in the early stage, which is a lesson that can be learned. I hope my answer is helpful to you

Okay Hello dear, I'm happy to answer for you: 1. Basically, after the holiday opens, there will be a word down limit, and the accident is the largest spread on the **, conservatively estimated two consecutive down limits; 2. In most cases, the reason for the continuous decline is that the comprehensive socks appear, not just a negative news. For example, in 2018, in addition to ZTE, there are also Changsheng Biosciences (002680) that have been delisted and have fundamental problems, which have skyrocketed in the early stage, which is a lesson that can be learned.

I hope my answer will be helpful to you

Is it that serious, is it that serious? Is it so serious.

Let's talk about the situation, shall we?

That's right. Let's talk about logic.

For example, Zijin Mining suspended trading on July 12 and announced that its Zijin Mountain Copper Mine Wet Process Farm Sewage Pond suddenly leaked and died of environmental protection, and then after the resumption of trading on the 13th, its A-share stock price continued to **. Subsequently, Zijin Mining held a press conference on July 15 on the sudden leakage of the sewage pool of the Zijin Mountain Copper Mine, and reported on the number of rocks. Then, on July 19, Zijin Mining's A-share price fell to its lowest point since 2009 at RMB per share.

So it's really not a tiger.

How to sell early, place an order in advance, and sell it in advance?

You can put it up for sale at around 10 p.m. the night before the market opens.

However, in this case, I can still tell you to minimize your losses.

Teach you. What to hang, ** sell quickly?

The main force at the opening will try to protect the disk.

When it comes to call auctions, you need to pay attention.

Selling at the limit price in advance may be the biggest loss, because you forget that the main force will have the behavior of protecting the disk.

However, no matter how much you protect the disk, it will fall to the limit.

Songhua River Nitrobenzene Contamination Incident: On November 13, 2005, in Jilin, Heilongjiang, China, China Youjihua Biphenyl Plant** caused nitrobenzene leakage.

Cyanobacteria pollution in Taihu Lake: May 29, 2007 On June 3, 2007, in Wuxi, Jiangsu, China, a concentrated outbreak of cyanobacteria in Taihu Lake caused a stinky water body due to global warming.

Water incident: On March 22, 2008, in Colorado, USA, tap water was contaminated with Salmonella fungi, and 57 people were infected and more than 100 were suspected to be infected.

Danube chloride incident dust bend: January 31, 2000, in the town of Oradea, Romania, 80% of the fish in the Romanian, Hungarian and Yugoslav river sections were completely extinct. This is the largest environmental disaster in Europe since the accident at the Chernobyl nuclear power plant.

Diarrhoeal incident: In 1993, in Walquay, Wisconsin, USA, 400,000 people were infected when the water supply was contaminated with parasites in farm animal waste.

Walders Incident: On March 24, 1989, in Alaska, USA, the Exxon company "Valdez" ran aground in Prince William Sound, leaking 10,000 tons, polluting hundreds of kilometers of coastal coastline, resulting in the extinction of local salmon and herring resources.

North Sea Seal Deaths: 1988 In 1999, factories on the coast of the North Sea in China discharged large amounts of wastewater pollutants, and the pollutants PCBs led to a decline in marine animal immunity, killing 17,000 seals by the end of 1989.

Chernobyl Nuclear Power Plant Incident: On April 27, 1986, a large amount of radioactive material was released on the banks of the Bripyat River in the former Soviet Union, which killed 10,000 people and victimized 3.2 million people (950,000 children) in Ukraine alone in the past 10 years.

Bhopal, India: On December 3, 1984, in Bhopal, India, 45 tons of methyl isocyanate were leaked due to improper operation, spreading at 5,000 meters per hour, killing nearly 20,000 people, injuring more than 200,000 people, losing 50,000 people's sight, killing thousands of livestock, and polluting an area of 40 square kilometers.

Painful Incident: 1955 In 1972, in the Jintsu River Basin of Toyama Prefecture, Japan, zinc and lead smelters discharged cadmium-containing wastewater to pollute the river, the number of victims before 1963 is unknown, 1963 In March 1979, 130 people were poisoned and 81 people died.

Although not this year's, the essence of pollution is the same and can be introduced.

On the evening of July 28, Zijin Mining announced that Chen Jiahong, the company's vice president and former mine manager of Zijin Mountain Gold and Copper Mine, was criminally detained by the public security authorities on July 27 on suspicion of major environmental pollution accidents.

According to the information on the official website of Zijin Mining, Chen Jiahong, 39 years old, belongs to one of the youngest senior executives of Zijin Mining, graduated from China University of Geosciences, joined Zijin Mining in July 1994, and successively served as deputy mine manager, executive deputy mine manager, mine director and deputy commander of Zijin Mountain Gold Mine Technical Transformation Headquarters, deputy general manager of the company, chairman and general manager of Xinjiang Zijin; Since August 2006, he has served as the vice president of the company. It is understood that Chen Jiahong ranks seventh among the high-level executives of Zijin and has been rated as one of the "Top Ten Outstanding Entrepreneurs in Western Fujian".

According to the announcement issued by Zijin Mining on the 20th, the deputy mine manager in charge of safety and environmental protection of Zijin Mountain Copper Mine and the director of the environmental protection and safety department of Zijin Mountain Gold and Copper Mine have been suspended for inspection, and said that the company will continue to hold relevant responsible persons accountable. Zijin Mining, which has been suspended for 2 days, announced yesterday evening that due to the pollution of the Tingjiang River, Zijin Mountain Gold Mine will limit production this year, and it is expected to reduce the output by about one ton this year. According to the announcement of Zijin Mining, the people of Shanghang County organized a meeting on July 26 to study the follow-up disposal of the 7.3 accident at the Zijin Mountain Copper Mine, and to cooperate with the copper mine remediation to limit the production of the Zijin Mountain Gold Mine.

After the study of the meeting, it was determined that measures to limit the production of the Purple Mountain Gold Mine would be adopted. The Purple Mountain Gold Mine is required to maintain low-level production and operation while ensuring environmental protection and safety, so as to reduce the pressure on environmental protection and safety in the gold and copper mining area. Affected by this, Zijin Mining is expected to reduce its output by about one ton this year.

However, this production restriction is not as serious as the industry expects. According to Zijin Mining's 2009 annual report, the annual production is about 1 ton, of which 18 tons are produced by Zijin Mountain Gold Mine, accounting for the company's total gold production. The production limit was reduced by 1 ton**, which only accounts for the annual output of the Purple Mountain gold mine, accounting for about the total gold output.

Zijin Mining abruptly suspended trading on the 26th, saying that "due to major matters involving stock price sensitive information, the company applied for a one-day suspension of trading"; Subsequently, it was announced yesterday that because "the matter has not yet been dealt with and cannot be disclosed to the public", the company will continue to suspend trading for one day on the 27th.

Location: Purple Mountain (Gold) Copper Mine, Shanghang County, Fujian Province.

Cause of the accident: continuous rainfall caused the hollowing out of the clay layer at the bottom of the solution pool area of the plant, and the impermeable membrane of the sewage pool cracked in many places, resulting in a leakage accident.

Polluted waters: 9,100 cubic meters of sewage flowed into the Ting River along the drainage culvert, resulting in pollution of some sections of the Ting River and the death of a large number of fish in cages.

On July 3, 2010, a copper acid water leakage accident occurred at the Zijin Mountain Copper Mine Wet Process Plant of Fujian Zijin Mining Co., Ltd.1, which caused serious pollution of some waters in the town of Chaojian in the Tingjiang River, and Zijin Mining did not issue an announcement until July 12, 2010, concealing the accident for nine days. Zijin Mining was originally known for making its fortune by refining "low-grade" gold mines at low costs, but it was accompanied by a number of major environmental pollution accidents.

The spill accident was concealed for 9 days: The pollution accident occurred on July 3, and it was not until July 12 that Shanghang County** officially reported the accident and concealed it for 9 days. The president of Zijin Mining responded:

The president of Zijin Mining responded that at first he thought it was a small problem and a small accident, and thought about it simply, but when he finally found out that it was a big problem, it was too late.

Zijin Mining Group Introduction: Zijin Mining is the largest production enterprise in China, known as the largest gold mine in China, and ranks among the top 500 in the world.

Accident Copper Mine Introduction: Zijin Mountain Copper Mine is the largest copper mine under Zijin Mining. At present, the Purple Mountain Gold Mine has about 200 tons of proven reserves and 2 million tons of copper reserves, which is one of the profit centers of Zijin Mining.