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Gold miners keep operating in Mali despite coup

Posted by ipso facto @ 9:03 on August 20, 2020  

Gold miners operating in Mali said they are continuing to operate while monitoring a political crisis that shut the country’s borders and hit share prices on Wednesday.

Malian President Ibrahim Boubacar Keita resigned after being detained by a military junta, prompting immediate international criticism despite the group’s pledge to shepherd a democratic transition.

The coup capped weeks of protests demanding that he step down. Keita, 75, has faced opposition criticism for alleged corruption and nepotism within his administration, and the mishandling of an escalating Islamist insurgency in the West African nation.

B2Gold, Resolute Mining, AngloGold Ashanti, Hummingbird Resources, Roscan and Cora Gold said operations and staff were unaffected, but traders sold shares because of increased political risk.

Barrick, the biggest miner in Mali, said its Loulo-Gounkoto mining complex had not been affected by the political situation

more https://www.mining.com/miners-continue-to-operate-in-mali-despite-coupe/

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.