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Article

1 Jul 2010

Author:
Chris Nolan, BSR [USA]

Zijin: emblematic of China’s mining industry?

…Though details of the disaster are still becoming known, one problem, in addition to apparent shortcomings in core environmental management systems, was a systematic failure with the tailings damn at Zijin’s Shanghang site…The tailings damn failure in Shanghang...point[s] to...stagnation in the mining industry in China in relation to sustainability and responsible business practice. Some of the driving issues include: The lack of a well-enforced regulatory baseline for the industry…Better disclosure will help investors map the risks, but much more must be done before the bar is raised on performance standards in China’s mining industry…[Also refers to BHP Billion, OK Tedi Mining]