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The latest announcement is out from China Nonferrous Mining Corp. Ltd. ( (HK:1258) ).
China Nonferrous Mining Corporation Limited issued a clarification announcement regarding a tailings dam incident at its subsidiary, Sino-Metals Leach Zambia Limited. The incident, caused by theft, damage, and heavy rainfall, resulted in a partial tailings leakage, which has since been controlled. The Zambian government confirmed the situation has returned to normal, with no major health issues reported. The company has completed necessary restoration and compensation efforts and is addressing unfounded legal claims from local residents seeking extensive environmental compensation.
The most recent analyst rating on (HK:1258) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on China Nonferrous Mining Corp. Ltd. stock, see the HK:1258 Stock Forecast page.
More about China Nonferrous Mining Corp. Ltd.
China Nonferrous Mining Corporation Limited operates in the mining industry, focusing on the extraction and processing of nonferrous metals. The company is involved in various mining operations and has a market focus on the production and supply of metals, particularly in regions such as Zambia.
Average Trading Volume: 16,619,983
Technical Sentiment Signal: Buy
Current Market Cap: HK$48.19B
Learn more about 1258 stock on TipRanks’ Stock Analysis page.