HK Stock Market Move | CHINFMING (01258) rose nearly 6% in the afternoon. The company issued a statement to clarify the reports related to the Quanbishe wet tailings leak incident.

CHINFMINING (01258) rose nearly 6% in the afternoon, rising 5.85% to 13.02 Hong Kong dollars with a trading volume of 195 million Hong Kong dollars at the time of writing. On the news front, CHINFMINING released an announcement clarifying recent media accusations regarding the tailings dam burst incident at its subsidiary, Zambia Chambishi Wet Smelter Co., Ltd. Chambishi Wet Smelter has already fully complied with government instructions to carry out comprehensive repair and governance duties in response to the tailings dam incident, and has completed compensation work for individual farmers in accordance with the damage compensation report issued by the Zambian government. In the future, the company will continue to closely cooperate with the Zambian government to advance environmental impact assessments and repair governance work. In response to media accusations that over a hundred people have petitioned the court to establish an environmental restoration trust account and deposit $80 billion, the company believes this claim lacks merit and has hired a local professional legal team to address it. The company evaluates that this incident has not had a significant impact on the group's operations or financial situation and does not constitute insider information. The company reminds shareholders and investors that information not released by the company may not necessarily reflect the actual situation, and investment decisions should be based on announcements posted on the HKEX website.