TORONTO (miningweekly.com) – Vancouver-based China Gold International Resources has launched a risk-emergency plan at its Jiama mine, in Tibet, following a catastrophic landslide at the end of March that killed at least 59 people.
The company this week said the plan involved conducting safety verification of its production facilities, including openpits and underground pits, mills and tailing ponds to ensure that the landslide had not had any impact on the existing production and operations.
The company added it had enhanced its monitoring and precautionary measures on the site and provided technical support for the on-site rescue operations. The company also said it had reviewed the on-site safety procedures undertaken by all external contractors to ensure the safety of all personnel.
Tons of rock, mud and debris engulfed a miners' camp on March 30 in Maizhokunggar County, where the company’s Jiama mine is located. Emergency workers and other miners had to dig through the landslide, which was up to 50 m deep in parts.
The company’s stock had taken a 12.09% dive in value since the start of the year, but on Friday, the company’s TSX-listed stock traded 6.25% higher at C$3.40 apiece.