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Zijin says Julong copper mine received approval to resume production after fatal incident

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(Kitco News) - China's Zijin Mining reported today that Tibet Julong Copper, a 50.1% owned subsidiary of the company, has recently received a written reply from the Emergency Management Bureau of Maizhokunggar County, which granted approval for Julong Copper to resume its production.

According to a company statement, on 14 May 2023, a lift cage falling incident occurred during the construction process of the relevant shafts of the Julong copper and polymetallic mine's drainage system project, which is subcontracted to Fujian Xingwanxiang Construction by Julong Copper.

The company said the search and rescue operations were carried out in full force by the rescue teams organized by the local government, adding that these operations were concluded on 16 May 2023.

"The incident resulted in the fatalities of six personnel with whom contact had been lost. At present, the cause of the incident is still under investigation," Zijin said.

The company noted that its Board has ordered its relevant departments to conduct comprehensive inspection of production safety management of each subsidiary's subcontractors and strictly implement each production safety measure to prevent similar incidents from happening again.

Zijin Mining is a large multinational mining group engaged in the global exploration and development of copper, gold, zinc and lithium, as well as engineering and technological research. Zijin has mining projects in 15 provincial-level regions in China and 13 other countries across the globe.

The company's main overseas assets include the Cukaru Peki copper and gold mine and the Bor copper mine in Serbia, the Kamoa-Kakula copper mine and the Kolwezi copper mine in the DRC, as well as the Buritic√° gold mine in Colombia.

The company's shares are traded on the Hong Kong Stock Exchange under the ticker code 2899, and on the Shanghai Stock Exchange under the code 601899.

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