Guinea-exposed Aussie miners Lindian, Polymetals set for weekly slump after coup

Lindian Resources

10/09/2021 04:20

** Bauxite and gold exploration firms Lindian Resources
 LIN.AX  and Polymetals Resources  POL.AX  on track for steep
weekly drop after military coup in Guinea
    ** Losses come despite both companies assuring investors
this week that their activities in the West African country were
unaffected  urn:newsml:reuters.com:*:nL1N2Q90ID
    ** Guinea is the world's second-biggest producer of
aluminium ore bauxite, which is refined into alumina, a
substance used to make aluminium metal  urn:newsml:reuters.com:*:nL1N2Q80G5
    ** LIN set for its worst week since May 2020, POL on track
for biggest weekly drop since listing in June
    ** LIN up 5% on Friday, POL down 3.7%
    ** Up to Thursday's close, LIN down ~5% this year, POL down
~21%

 (Reporting by Shashwat Awasthi)
 ((Shashwat.Awasthi@tr.com
mailto:Shashwat.Awasthi@thomsonreuters.com))