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Zijin Stymied by Worst China Metal Spill in Years

Zijin Mining Group Co., China’s biggest gold producer, planned for two big foreign acquisitions this year. Chairman Chen Jinghe instead is saddled with regulatory probes and a plunging share price after the industry’s worst environmental accident in years.

“The company will have to focus on cleaning up, and their expansion plans in and out of China may be put on a backburner” for the next year or two, said Helen Lau, a Hong Kong-based analyst at UOB-Kay Hian Ltd.