More Trouble For Major Chinese Mining Group As Poison Leak Sends Shares Plummeting, China Mineral Looks To Capitalize

Online, July 16, 2010 (Newswire.com) - CHINA- The Chinese police moved in quickly detaining three Zijin Group officials involved with illegally channeling waste water into the nearby Ting River, resulting in the poisoning of an estimated 1,900 metric tons of fish. The river dumps off into a nearby water way near Shanghang, an area inhabited by over half a million people.

Chinese authorities moved swiftly to act, something Zijin did not do when the leak was discovered. The company waited nearly nine days to reveal its spill, and because of this the China Securities Regulatory Commission has begun to investigate.

"Zijin is going to be used as an example to the other mining and environmentally hazardous industries as what not to do; the government wants to show their standards on environmental safety" said Glenn Ming, a safety supervisor working for China Mineral Co. "It surprised us that the police acted so quickly, and reminded me and others at our company how important it is to be proactive about both work, and environmental safety."

China Mineral Company is looking at this opportunity as a positive sign that the Chinese government will not tolerate improper safety proceedings. The company has had an impeccable safety policy resulting in not a single safety violation or negative incident. "We value both our countries environment and our responsibility to operate under strict adherence to the laws stipulated to us" said V.P. of Operations Zhao Xiaofeng. "We have never allowed or tolerated any cutting corners or loose proceedings on any of our mining operations to jeopardize the integrity of our company."

For More Information Please Contact Clair Barton at +8613502259111 or visit www.chinamineralco.com