INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Eighteen trapped in Xinjiang gold mine collapse

Twenty-two miners were brought to the surface but 18 remain trapped. (AFP)
  • A total of 40 people were working underground at the mine in Yining county at the time of the collapse Saturday afternoon
  • Mine safety has improved in recent decades, as has media coverage of major incidents, many of which were once overlooked

Beijing, China– Rescuers were working Sunday to reach 18 people trapped underground after a cave-in at a gold mine in northwest China’s Xinjiang region, state media reported.

A total of 40 people were working underground at the mine in Yining county, about 100 kilometers (60 miles) from the border with Kazakhstan, at the time of the collapse Saturday afternoon.

Twenty-two miners were brought to the surface but 18 remain trapped.

“A rescue operation is underway to retrieve the remaining miners,” Xinhua news agency said late Saturday.

Mine safety has improved in recent decades, as has media coverage of major incidents, many of which were once overlooked.

But accidents still occur frequently in an industry where safety instructions are often lax, especially at the most rudimentary sites.

In September last year, 19 miners stranded underground after the collapse of a coal mine in the northwest province of Qinghai were found dead after a long search.

But in December 2021, 20 miners were rescued from a flooded coal mine in northern Shanxi province while two others died.