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Mining company settles with dam collapse victims [China]
Xinyi Zijin Mining Co...subsidiary of China's top gold producer Zijin Mining, reached a settlement Tuesday with the victims of a dam collapse [due to safety and construction violations, which were aggravated by a typhoon]…that killed 22 people last year. Xinyi Zijin agreed to pay over 3.26 million yuan (515,358 U.S. dollars) to the 21 plaintiffs from five lawsuits…[G]eneral manager of Xinyi Zijin, said in court that the company was "sorry for what happened and would like to reach a settlement with the plaintiffs."…A total of 2,499 lawsuits have been filed against Xinyi Zijin with a total compensation demand of over 340 million yuan…