Core Viewpoint - The recent tailings dam collapse incident at China Nonferrous Mining's subsidiary in Zambia has raised concerns, but the company asserts that the impact on its overall production is limited and it is actively addressing the situation with local authorities [1][3][4]. Group 1: Incident Overview - On February 18, a tailings dam at the Zambia-based subsidiary collapsed due to theft of a waterproof membrane and heavy rainfall, leading to some tailings leakage [3]. - The company has complied with government directives for repair and compensation to affected farmers, and is working closely with the Zambian government on environmental assessments and remediation [3][4]. - The local government has stated that the incident has not caused significant environmental or community impacts, with water quality returning to normal [4]. Group 2: Production Impact - The subsidiary remains suspended from operations, and the resumption of production is contingent upon the completion of an environmental assessment by the local government [1][6]. - The company reported a 30.4% year-on-year decrease in copper production for the first half of 2025, with specific declines in the subsidiary's output of cathode copper down 73.3% and other copper types down 42.4% [4][5]. Group 3: Financial Implications - Despite the incident, the company believes that the claims for $80 billion in damages lack basis and has engaged local legal counsel to protect its interests [3]. - The company's stock has seen a significant increase of over 150% year-to-date as of September 19 [2]. Group 4: Risk Management and ESG Considerations - The company had previously established risk management protocols for tailings dam safety and environmental management, indicating a proactive approach to potential risks [7]. - Experts suggest that the company’s response reflects a need for improved preemptive risk management rather than reactive measures after incidents occur [8].

Core Viewpoint - China Nonferrous Mining's recent tailings dam incident in Zambia has raised concerns, but the company asserts that the impact on its annual production is limited and it is actively managing the situation [1][3][4]. Group 1: Incident Overview - The tailings dam collapse at Zambia's Chambishi Hydrometallurgical Company was attributed to theft of a waterproof membrane and heavy rainfall, with the dam breach being sealed by February 19 [3][4]. - The company has complied with government directives for remediation and compensation to affected farmers, while disputing a claim for $80 billion in damages as unfounded [3][4]. Group 2: Production Impact - The Chambishi Hydrometallurgical Company remains offline, with production significantly affected; copper production in the first half of 2025 saw a 30.4% decline for crude and anode copper, while cathode copper production increased by 15.6% [4][5]. - The company’s overall production for cathode copper was 7,220 tons, while crude and anode copper totaled 11,130 tons [4]. Group 3: Regulatory and Environmental Response - The Zambian government has stated that the environmental impact of the incident is minimal, with water quality returning to normal and no significant health issues reported [4]. - The company is awaiting the completion of an environmental assessment by the local government before resuming operations, amid some disputes regarding the selection of the assessment agency [1][6]. Group 4: Risk Management and ESG Considerations - The company had previously established risk management protocols for tailings dam safety and environmental governance, indicating a proactive approach to potential risks [7]. - Experts suggest that the company’s response reflects a need for improved preemptive risk management rather than reactive measures after incidents occur [8].

Core Viewpoint - China Nonferrous Mining's subsidiary faced significant scrutiny following a tailings dam collapse in Zambia, with ongoing production halts and legal challenges regarding environmental compensation claims [1][2][3] Group 1: Incident Overview - The tailings dam collapse at the Zambia-based subsidiary occurred on February 18 due to theft of a waterproof membrane and heavy rainfall, leading to a partial tailings leak [2] - The company has complied with government directives for repair and compensation to affected farmers, while asserting that the compensation claims of $80 billion lack basis [2][3] - As of September 19, the subsidiary remains non-operational, with production impacts deemed limited due to the project's small scale [1][4] Group 2: Government Response and Environmental Impact - The Zambian government has stated that the situation is under control, with no significant health issues reported related to the incident, and water quality returning to normal [3][4] - The government has conducted multiple assessments, confirming that the environmental impact on surrounding communities has been minimal [3] Group 3: Production and Financial Performance - In the first half of 2025, the company reported a 30.4% year-on-year decline in copper production, while cathode copper production increased by 15.6% [3] - The subsidiary's production of cathode copper dropped by 73.3% and that of crude copper and anode copper fell by 42.4% compared to the previous year [4] Group 4: Risk Management and ESG Practices - The company had established risk management protocols prior to the incident, including environmental management systems and emergency response plans [6] - The ESG report highlighted the need for improved risk assessment and management practices, particularly regarding environmental and social responsibilities [7][8]

Core Points - The recent tailings dam collapse incident at China Nonferrous Mining's subsidiary in Zambia has drawn renewed attention, with the company currently still suspended from production due to the incident [1][4] - The company's stock price has increased by over 150% this year as of September 19 [2] - China Nonferrous Mining asserts that the claims for $80 billion in damages lack basis and that the incident has not significantly impacted its financial status [3][4] Incident Overview - The tailings dam collapse occurred on February 18 due to a combination of factors including theft of a waterproof membrane and heavy rainfall, which was the highest in nearly 20 years for that period [3] - The company has complied with government directives for repair and compensation to affected farmers, and is working closely with the Zambian government on environmental assessments [3][4] Production Impact - The affected subsidiary's production has been halted, but the overall impact on China Nonferrous Mining's annual output is limited due to the small scale of the project [1][4] - In the first half of 2025, the subsidiary produced 755 tons of cathode copper, a decrease of 73.3% year-on-year, and 1,540 tons of crude and anode copper, down 42.4% year-on-year [5] Government Response - The Zambian government has stated that the situation has returned to normal and that there have been no significant health issues related to the pollution incident [4][5] - Government officials have expressed confidence in the company's handling of the situation and the environmental recovery efforts [5] Risk Management - China Nonferrous Mining had previously established risk management protocols for tailings dam safety and environmental management, indicating a proactive approach to potential risks [6][7] - The company has faced criticism for its risk awareness and management practices, highlighting the need for more rigorous preemptive measures rather than reactive responses [9][10]

Group 1 - China Nonferrous Mining (01258.HK) saw a nearly 6% increase in its stock price, reaching a rise of 5.85% to HKD 13.02 [1] - The trading volume for China Nonferrous Mining was HKD 195 million [1]

中国有色矿业(01258)午后涨近6%，截至发稿，涨5.85%，报13.02港元，成交额1.95亿港元。 针对媒体的指控，声称一百余名民众向法院提起请愿要求设立环境修复托管账户并存入800亿美元，公 司认为该索赔缺乏依据，已聘请当地专业律师团队应对。公司评估认为，该事件未对集团的经营或财务 状况造成重大影响，不构成内幕消息。公司提醒股东及投资者，任何非公司发布的信息未必反映公司实 际情况，投资决策应以公司在联交所网站发布的公告为准。 消息面上，中国有色矿业发布公告，针对近期媒体关于公司附属公司赞比亚谦比希湿法冶炼有限公司尾 矿坝溃坝事件的指控进行了澄清。对于尾矿坝事件，谦比希湿法已经依据政府指令全面履行修复和治理 义务，并已按照赞比亚政府出具的损害赔偿报告完成了对个体农户的赔偿工作。未来，公司将继续与赞 比亚政府紧密协作，全力推进环境影响评估和修复治理工作。 ...

智通财经APP获悉，中国有色矿业(01258)午后涨近6%，截至发稿，涨5.85%，报13.02港元，成交额1.95 亿港元。 消息面上，中国有色矿业发布公告，针对近期媒体关于公司附属公司赞比亚谦比希湿法冶炼有限公司尾 矿坝溃坝事件的指控进行了澄清。对于尾矿坝事件，谦比希湿法已经依据政府指令全面履行修复和治理 义务，并已按照赞比亚政府出具的损害赔偿报告完成了对个体农户的赔偿工作。未来，公司将继续与赞 比亚政府紧密协作，全力推进环境影响评估和修复治理工作。 针对媒体的指控，声称一百余名民众向法院提起请愿要求设立环境修复托管账户并存入800亿美元，公 司认为该索赔缺乏依据，已聘请当地专业律师团队应对。公司评估认为，该事件未对集团的经营或财务 状况造成重大影响，不构成内幕消息。公司提醒股东及投资者，任何非公司发布的信息未必反映公司实 际情况，投资决策应以公司在联交所网站发布的公告为准。 ...

Group 1 - China Nonferrous Mining (01258) has acknowledged media allegations regarding the tailings dam collapse incident at its subsidiary, Zambia Chambishi Copper Smelter, and has provided clarifications in its interim financial report [1] - The tailings dam collapsed on February 18, 2025, due to theft of the impermeable membrane and heavy rainfall, which was the highest in nearly 20 years for that period in Zambia [1] - The company took immediate action to communicate with Zambian government authorities and mobilized resources for emergency response and water recovery efforts [1] Group 2 - On August 7, 2025, the Zambian government announced that the situation had returned to normal, with laboratory tests showing that water pH levels had normalized and heavy metal concentrations were decreasing [2] - The Zambian government reported no significant health issues or outbreaks related to the pollution incident since it occurred, and there have been no deaths attributed to the pollution [2] - On September 10, 2025, Zambian officials visited the Chambishi site and praised the company's timely response and environmental remediation efforts [2] Group 3 - On September 18, 2025, the Chinese Foreign Ministry spokesperson stated that the company had fulfilled its repair and remediation obligations as per government directives and had compensated individual farmers according to a damage report issued by the Zambian government [3] - A petition was filed by over a hundred local residents (with only 11 authorized) demanding the establishment of an environmental remediation trust account with $80 billion for environmental restoration and compensation, which the company considers baseless [3] - The company believes that the incident has not significantly impacted its operational or financial status, and the prompt remedial actions and positive government responses indicate no major effects on the surrounding environment or community [3]

格隆汇9月18日丨中国有色矿业(01258.HK)公告，公司注意到，近期有媒体文章就集团附属公司赞比亚 谦比希湿法冶炼有限公司尾矿坝溃坝事件作出指控。对于该事件，已在中期业绩公告部分进行了披露。 针对该事件相关情况，公司现做进一步澄清：背景2025年2月18日，谦比希湿法的一座尾矿坝因防渗膜 被盗割以及持续强降雨(2025年1-2月赞比亚当地降雨量接近20年来同期降雨量的最大值)等原因溃坝，导 致部分尾矿泄漏。溃口于19日凌晨3点半完成封堵，事故源头得到有效控制。事件发生后，公司第一时 间与赞比亚政府有关部门积极沟通情况，调集资源全力处置抢险，开展水体恢复工作。 公司认为该事件未对集团的经营或财务状况造成重大影响，故不构成内幕消息。尽管有上述失实指控， 及时的补救工作及地方政府对事件的积极回应均证明事件未对相关周边环境及社区造成任何重大影响。 2025年8月7日，赞比亚政府首席发言人在卢萨卡防灾减灾委、多部门联合新闻发布会上，通过社交媒体 部脸书直播做出了声明，称目前局势已基本恢复正常，政府有信心向受影响区域的群众保证其生命安 全；实验室检测结果显示，水体的pH值已恢复正常，重金属浓度也在持续下降，当地供水公 ...

Core Viewpoint - The company has addressed recent media allegations regarding the tailings dam incident at its subsidiary, Zambia Chambishi Hydrometallurgical Co., Ltd, clarifying the situation and outlining the response measures taken [1][3]. Group 1: Incident Details - On February 18, 2025, a tailings dam at Chambishi Hydrometallurgical failed due to theft of the impermeable membrane and heavy rainfall, leading to some tailings leakage [1]. - The breach was contained by 3:30 AM on February 19, and the company promptly communicated with Zambian government authorities to manage the situation and initiate water recovery efforts [1]. Group 2: Government Response - On August 7, 2025, the Zambian government announced that the situation had largely returned to normal, with laboratory tests showing that water pH levels had normalized and heavy metal concentrations were decreasing [2]. - The government reported no significant health issues or outbreaks related to the pollution incident since it occurred, and there have been no deaths attributed to the pollution [2]. Group 3: Legal and Financial Implications - On September 18, 2025, the Chinese Foreign Ministry stated that the company had fulfilled its obligations for repair and remediation as per government directives and had compensated individual farmers as per the damage report issued by the Zambian government [3]. - A petition was filed by over a hundred local residents (with only 11 authorized) demanding the establishment of an environmental remediation trust account with $80 billion (approximately 624 billion HKD) managed by the Zambian government, along with an additional $200 million for emergency relief and health/environmental assessments [3]. - The company believes the claims lack basis and has engaged a local legal team to protect its rights, asserting that the incident has not significantly impacted its operational or financial status [3].