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BRIEF-Production Suspended At Inner Mongolia Xingye Mining's Unit After Employee Death

· 02/07/2021 19:57
BRIEF-Production Suspended At Inner Mongolia Xingye Mining's Unit After Employee Death

- Inner Mongolia Xingye Mining Co Ltd 000426.SZ:

  • SAYS EMERGENCY MANAGEMENT BUREAU HAS SUSPENDED ITS UNIT'S PRODUCTION AFTER ONE EMPLOYEE DEATH

  • SAYS THE SUSPENDED UNIT ENGAGES IN BUSINESSES OF NONFERROUS METALS INCLUDING SILVER, TIN AND COPPER WITH ANNUAL PRODUCTION CAPACITY AT 1.65 MILLION TONNES

  • SAYS THE SUSPENSION WILL HAVE NEGATIVE IMPACT ON COMPANY'S CASH FLOW AND OPERATING PROFIT

Source text in Chinese: https://bit.ly/3rxpzcV

Further company coverage: 000426.SZ


(Reporting by Hong Kong newsroom)

((colin.qian@thomsonreuters.com;))