[3] Due to a high debt burden, the company defaulted on RMB 6.7 billion in bonds in June 2019.
Chinese regulators were slow to recognize the risk, rating the company's bonds AA+ a month before the default.
In the DRC, the company entered into a 50-50 joint venture agreement with the government to develop a mine in eastern Kasai that could produce 6 million carats by 2016.
[5] The company built the Estádio do Zimpeto football stadium in Mozambique, as well as a cargo terminal at Maputo International Airport.
[6] Ajin began mining in July 2010, and received permission from the Kimberly Process to export in 2011 after stockpiling 3 million carats.