Losses were calculated at $15.6 million.
Investigations revealed that the accident was caused by a range of issues such as poor supervision and the company’s failure to meet safety responsibilities.
The people being punished by the government have not yet been named.
Another incident happened on Saturday, 16 September when a railway tunnel in China’s southwest collapsed.
Nine construction workers were rescued from the rubble.
It was reported that 200 workers were involved in the rescue, digging tunnels to reach the affected workers.