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Hunan Gold Suspends Subsidiary's Operations After Accident; Shares Drop 5%
Hunan Gold (SHE:002155) suspended production from the headquarters of its subsidiary Hunan Xinlong Mining due to an accident, according to the company's Thursday disclosure with the Shenzhen Stock
Express News | Hunan Gold Says Unit Suspends Production After Accident Killed One Person
Hunan Gold Corporation (002155.SZ): Subsidiary Xinlong Mining temporarily suspended production.
On July 18th, GeLongHui reported that Hunan Gold Corporation (002155.SZ) received a report from its subsidiary, Hunan Xinlong Mining Co., Ltd. (hereinafter referred to as Xinlong Mining), that the main part of Xinlong Mining's temporary shutdown has been reported. The following announcement is now made on the situation: On July 17, 2024, an employee of the project department of Hunan Jin Zhiyuan Mining Engineering Co., Ltd. (hereinafter referred to as Jin Zhiyuan), the mining engineering contractor of the subsidiary Xinlong Mining during the wind drilling operation at the 6# vein mining area at the 800 pithead of Xinlong Mining, was killed when the roof collapsed. After the accident, Xinlong Mining immediately started the emergency response plan, and publicized
Sinolink: Short-term antimony supply concerns can be resolved, and seasonal price increases are expected.
The hard gap continues to exist and gradually expands, and antimony prices are expected to continue to rise.
Sinolink Securities: Antimony supply and demand is expected to continue to improve, and the "second wave" of price increases may be launched.
Sinolink Securities releases research reports stating that short-term supply concerns can be resolved and prices are expected to rise during the peak season. In the medium and long term, traditional demand and photovoltaic demand are expected to resonate, with little domestic incremental growth and sluggish overseas mining supply growth. The antimony supply and demand are expected to continue to improve.
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