China Nonferrous Mining falls on production halt after fatal incident in Zambia mine

China Nonferrous Mining

24/07/2025 04:22

** Shares of China Nonferrous Mining Corp 1258.HK fall 5.5% to HK$7.67, their biggest intraday pct drop since April 7, amid production halt of a copper mine after a fatal incident

** Stock on track to snap four straight sessions of gain

** The Chinese copper mining group said "an object-striking incident" took place in the shaft of the Southeast Mine of the firm's subsidiary NFC Africa Mining PLC in Zambia, resulting in the death of a Chinese employee of a subcontractor

** Production of the Southeast Mine of NFCA has been suspended since June 27 and is initially expected to last for about 90 days, says co

** Suspension of production of the mine will affect copper production of the company's mines by 14,500 tons in 2025, accounting for 9% of the annual planned copper production

** Hang Seng Commerce & Industry Index .HSNC and Hang Seng Index .HSI both add 0.6%

** YTD, stock up 51.9%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))