CHINFMINING (01258) surged nearly 6% in afternoon trading. As of press time, the stock was up 5.85% to HK$13.02 with a turnover of HK$195 million.

On the news front, CHINFMINING issued an announcement clarifying recent media allegations regarding a tailings dam collapse incident at its subsidiary, Chambishi Metals PLC in Zambia. Regarding the tailings dam incident, Chambishi Metals has fully fulfilled its repair and remediation obligations in accordance with government directives and has completed compensation to individual farmers based on the damage assessment report issued by the Zambian government. Moving forward, the company will continue to collaborate closely with the Zambian government to advance environmental impact assessment and remediation efforts.

In response to media allegations claiming that over 100 people have filed a petition with the court requesting the establishment of an environmental restoration trust account with a deposit of $80 billion, the company believes such claims lack foundation and has engaged a local professional legal team to address the matter. The company's assessment indicates that this incident has not materially impacted the group's operations or financial condition and does not constitute inside information.

The company reminds shareholders and investors that any information not released by the company may not reflect the company's actual situation, and investment decisions should be based on announcements published by the company on the Stock Exchange website.