Loading ...Trevali halts trading as Burkina Faso managers face trial following fatal mine flooding
Canada-based Trevali Mining (TSX: TV) halted trading on Monday and said two of its managers were being held in Burkina Faso following an April flood that killed eight miners.
The company did not give a reason for the trading halt on the Toronto Stock Exchange. It said it also expected trading to be halted on the Lima Stock Exchange, OTCQX and the Frankfurt Stock Exchange, and that its common shares may be delisted.
One of Trevali’s three main operating assets is the Perkoa zinc mine in Burkina Faso, where operations have been suspended since torrential rainfall caused flash flooding on April 16.
The floodwaters breached the mine’s safety controls and submerged the site with eight workers deep underground. Their bodies were found after a long search.
Trevali halts trading as Burkina Faso managers face trial following fatal mine flooding