Refinitiv Newscasts - Burkina Faso miners say work continues despite coup

West African Resources

03/10/2022 15:46

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_tfql4ufr&referenceId=tag:reuters.com,2022:newsml_OV966303102022RP1_930&pageId=RefinitivNewscasts
Source: Reuters

Description: Mining companies in Burkina Faso have said their operations are
continuing as normal after the country's second military coup of the year. Mia
Womersley reports.
Short Link: https://refini.tv/3C6RE1A

Video Transcript:

The biggest mining company in Burkina Faso said on Monday that its operations
are unaffected by recent political events, following the West African
country's second military coup of the year. Endeavour Mining's London-listed
shares fell 1.6% in early trading after Friday's ouster of President
Paul-Henri Damiba. The company, which has four gold mines and two exploration
projects in Burkina Faso, said it was monitoring the situation and would
provide further updates if appropriate. Endeavour also has mines in Senegal
and Ivory Coast. But analysts said Burkina Faso accounts for 54% of its
expected 2022 production. Another mining company in Burkina Faso - West
African Resources - said its Sanbrado gold mine was operating normally. Staff
and contractors are safe, it said, and the communities around Sanbrado
remained calm. Its shares fell 10% to hit a one-year low