Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Chinese miner fined over molybdenum ore spill - media

08/17/2021 | 10:59am EDT

(Reuters) - A mining company in China has been fined 13.26 million yuan ($2.1 million) over a molybdenum ore spill in the northeast of the country that caused major water pollution last year, Chinese news website The Paper reported on Tuesday.

In the March 2020 incident water containing molybdenum ore flowed out of a tailings pond belonging to Yichun Luming Mining Co and into a local river system before eventually spreading hundreds of kilometres downstream.

Tailings ponds or dams are commonly used by mining firms to store waste remnants of ore. They have been under close scrutiny globally since the 2019 collapse of one in Brazil killed around 270 people.

The ecology and environment department in the city of Yichun, in Heilongjiang province, imposed the penalty on Yichun Luming after investigators found it had carried out substandard engineering, made inadequate preparations for emergencies and violated water pollution control laws, The Paper said.

Yichun Luming, a subsidiary of state-run China Railway Resources Group, did not immediately respond to a request for comment.

Up to 117.5 tonnes of molybdenum leaked out in the incident and around 68,000 residents saw disruption to their drinking water supply, said The Paper, which is backed by the Shanghai city government.

The spill was the biggest tailings leak China had witnessed in almost 20 years and needed a tough emergency response, the country's environment ministry said at the time https://www.reuters.com/article/uk-china-tailings-molybdenum-idUKKBN2220O6.

($1 = 6.4790 Chinese yuan renminbi)

(Reporting by Tom Daly; editing by David Evans)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.06% 6.431 Delayed Quote.3.63%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.03% 6.38149 Delayed Quote.-1.78%
Latest news "Economy & Forex"
01:31aPorts giant DP World expects container volume growth to moderate in Q4
01:28aChip shortage weighs on French auto parts supplier Faurecia's sales
01:25aAustralia, NZ dlrs higher ahead of key inflation data
01:17aHyundai Motor's Q3 profit misses estimates as chip shortage takes a toll
01:16aSK Hynix more upbeat than rivals on rising memory-chip demand
01:12aFormer south korean president roh tae-woo dies -yonhap
01:12aSouth Korea's former president Roh Tae-woo dies at 88 -Yonhap
01:09aRise in human bird flu cases in China shows risk of fast-changing variants-health experts
01:09aFrance's Thales maintains 2021 targets as Q3 sales slip
01:04aAnother Chinese property developer defaults, shares drop
Latest news "Economy & Forex"