Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug > Mining

Like Tree1Likes
  • 1 Post By dali lambone

Reply
 
LinkBack Thread Tools
Old 04-05-2012, 07:07 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
Post Military coup in Mali raises concerns for gold producers

Quote :
Gold production in Mali is being called into question following a military coup two weeks ago. African media are reporting that many foreigners are fleeing the country.

In recent years Mali has become an important gold and cotton producer. However, the coup could undermine these achievements. In the past two weeks the stocks of gold producers' operating in the country have dropped sharply – including those of Jersey-based Randgold Resources and the South African mining giant AngloGold Ashanti. Randgold’s Loulo mine in Mali is one of the most productive gold mines in the region. Randgold CEO Mark Bristow has stated though that the military coup poses no risk to his company's production activities.

Similarly, Alan Fine – Public Affairs Manager at AngloGold Ashanti – stated that his company's production would be unharmed, since it was hundreds of miles from Mali's capital. But these statements have not calmed stock market investors, who have kept selling AngloGold shares. Now junior explorers and gold producers in Mali have halted their activities owing to energy supply problems. ...
More: http://www.goldmoney.com/gold-resear...producers.html
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 04-05-2012, 03:06 PM   #2
Predaceous stink bug
 
Join Date: Nov 2011
Posts: 130
Liked: 95 times
I've got a buddy there right now. He says that there are issues getting equipment moved around the country, but he doesn't expect any interuptions in mining activities for most folks as long as they are in the right places.
swissaustrian likes this.
dali lambone is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
India Raises Gold-Import Tax for Second Time; Prices Drop PMBug Gold Bug 24 02-08-2013 07:18 AM
Los Angeles Military Exercises???? vox BSTS 6 01-28-2012 02:18 PM
Setting the stage for a military dictatorship in the face of economic collapse PMBug STS 4 12-03-2011 10:33 AM


All times are GMT -5. The time now is 07:31 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.