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An announcement from Jinchuan Group International Resources Co. Ltd ( (HK:2362) ) is now available.
Jinchuan Group International Resources has disclosed key findings from an independent forensic investigation into historical payments made by its Ruashi Mine, following earlier complaints and auditor enquiries. The review, conducted by a forensic accountant under a special investigation committee, covered transactions between January 2016 and March 2025, targeting USD258.4 million paid to 18 suppliers and USD7.1 million transferred to an employee’s personal account.
Investigators examined the business substance, approval processes and management involvement in these payments, as well as remedial steps taken by current management at Ruashi Mine, Metorex and the parent company. The company also confirmed that trading in its shares remains suspended as it works to address regulatory resumption guidance, with the investigation outcomes central to restoring governance confidence and satisfying Hong Kong listing requirements.
More about Jinchuan Group International Resources Co. Ltd
Jinchuan Group International Resources Co. Ltd is a Hong Kong-listed resources company engaged in mining and processing, with assets including the Ruashi copper and cobalt mine in Africa. The group focuses on base and strategic metals, supplying global industrial customers and operating through subsidiaries such as Metorex to manage its overseas mining operations.
Technical Sentiment Signal: Hold
Current Market Cap: HK$8.4B
Learn more about 2362 stock on TipRanks’ Stock Analysis page.