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HK Bourse: Announcement From Zijin Mining Group Co. Ltd.

28 Feb 2018 6:36 am
 
    Following is the related link: 
http://www.hkexnews.hk/listedco/listconews/sehk/2018/0227/LTN20180227609.pdf 
 Announcement in relation to the Impacts of Earthquake in Papua New Guinea on the 
                                Porgera Gold Mine Project 
 
On 26 February 2018, an earthquake of magnitude 7.5 on the Richter scale occurred in the Papua New 
Guinea Southern Highlands. The Porgera gold mine project, which is a joint operation between Zijin 
Mining Group Co., Ltd.* (the "Company") and Barrick Gold Corporation ("Barrick"), is located 
approximately 90km from the earthquake epicentre. The mine itself appears to have been unaffected by the 
earthquake, but the mine's primary power generating facility in Hides has sustained damage and is now 
offline, due to its proximity to the earthquake epicentre. 
 
 
The Porgera gold mine is now operating on back-up power and some production activities have been 
suspended to conserve power. 
 
 
No employees of the Porgera gold mine were injured during the earthquake or during the subsequent 
aftershocks. 
 
 
The mine has sent a team to the Hides facility to assess the damage, in order to have a clearer picture of 
what repairs may be required, and how long the Hides facility may be offline. 
 
 
The Company and Barrick each owns 50% of ownership interest in BNL through their respective 
wholly-owned subsidiary. BNL owns 95% interest in the Porgera gold mine in Papua New Guinea. The 
gold mine is a large-scale operating mine, which produced 7.47 tonnes of gold attributable to the Company 
in 2016, representing 17.56% of the production volume of the Company's mine-produced gold in 2016. 
 
 
The Company will fulfill its information disclosure obligation in time according to the subsequent 
development. Investors are advised to be cautious of investment risk. 
 
 
This announcement is made by the Company on a voluntary basis. 
 
                                                       1 
Investors and shareholders are advised by the board of directors to exercise caution when dealing in 
the shares of the Company. 
 
 
 
 
Fujian, the PRC, 27 February 2018 
*The Company's English name is for identification purpose only 
 
 
 
 
                                                   2 
 
 
Source: Hong Kong Exchanges & Clearing 
 
 

(END) Dow Jones Newswires

February 28, 2018 01:36 ET (06:36 GMT)
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