Zijin Mining Group Co., China’s biggest gold miner by market value, is studying a move into shale gas and will target buying “super” mines after falling bullion prices and rising costs cut its earnings.
Zijin Mining Group Co. , China’s biggest gold producer, planned for two big foreign acquisitions this year. Chairman Chen Jinghe instead is saddled with regulatory probes and a plunging share price after the industry’s worst environmental accident in years.
The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Zijin Mining Group Co. , China’s biggest gold producer, fell the most in 11 months in Shanghai trading after the company said it faces legal claims in connection with a fatal dam collapse at a tin mine.
Zijin Mining Group Co., China’s biggest gold producer by value, rose to an almost three-month high in Hong Kong trading after saying it would buy a stake in a copper and gold mine project from Jinchuan Group Ltd.
China’s Fujian province will take legal action against government officials and executives of Zijin Mining Group Co. , the country’s largest gold producer, accountable for a toxic leak from a copper mine, state-run Xinhua News Agency said.