Flood damages mining companies with limited production impact

Recently, the reporter got in touch with the person in charge of the production of Jiangxi Copper Pipes. It said that the current heavy rain in the South has had little impact on the normal production of Jiangxi Copper. According to feedback from producers of rare metals such as cobalt and selenium in the vicinity of Hunan, most of their raw materials for production are imported, so there is no impact on production arrangements.

Since June 13, 2010, the northern Jinluyu and other places have been shrouded in high temperatures above 35°C. However, many provinces in the south of the country have suffered heavy rain. In view of the fact that some floods in the central and northern parts of Jiangxi have exceeded the signs of flooding in 1998, Yang Guiming, the chief forecaster of the Central Meteorological Observatory on the 21st, said in an interview with the media that recent rains in the south are confined to the Yangtze River tributaries in Jiangxi and Hunan. There is not much rainfall in the mainstream of the Yangtze River, so it may be too early to judge whether the floods in the south will form the floods of the Yangtze River in 1998.

As early as May 11 this year, the General Administration of Supervision of the People's Republic of China issued the "Opinions on Further Strengthening the Prevention and Control of Water in Metal Nonmetal Mines." In the face of continuous rain, related mining companies may be further affected.