Toxic leaks, oil spills and fires seem to be plaguing Zijin Mining Group Co. The biggest gold producer in China has decided to slow down its pace of expansion overseas to focus on strengthening the safety and environmental standards at its domestic operations as per a statement made by company Chairman Chen Jinghe.
Zijin Mining was strongly criticized by the government and the public after a major chemical leak in Zijinshan Copper Mine in July where toxin contaminants poured into the Ting River in Fujian province. The toxic leak killed fish and threatened the local fishing industry.
Oil was spilled at Dalian port last month forcing the closure of the nation's largest crude terminal. While 16 miners were confirmed dead after a gas leak at the Sanyuandong coal mine in Dengfeng city in Henan province on 5 August.
Latest in the series is a fire in Shandong Gold mine which left 61 people dead. Zijin Mining seems to amplify the fact that China has the world's worst mine safety record averaging 7 deaths a day in accidents all of last year.
The Yantai city government had ordered production suspended at all non-coal mines on Aug 7 so that safety inspections could be conducted following the fatal fire at the mine.