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.
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.
Guy Hands, whose Terra Firma Capital Partners Ltd. paid $6.7 billion for EMI Group Ltd. at the height of the buyout boom in 2007, began trial of his claim that he was tricked into overpaying by a Citigroup Inc. banker.
The Chinese province of Fujian fined Zijin Mining Group Co. Chairman Chen Jinghe and Vice President Zou Laichang a combined 1.16 million yuan for waste spills in July, according to a statement to the Shanghai Stock Exchange.
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.
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.