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Zijin has suspended operations at one of its copper plants in eastern China, after acidic waste water leaked from the plant following continuous heavy rainfall. The leak has killed tons of fish in the nearby Tinghe River.
The company says it will compensate fish farmers for their losses, but hasn't provided an estimate of potential damage from the incident or disclose when operations will resume. The company admits the smelter's design was defective, and the firm had initially underestimated the severity of the leakage.
China International Capital estimates Zijin will have to pay downstream fish farmers 22.7 million yuan. It could lose nearly 370 million yuan in income due to lost production.