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Gemfields makes decision over ruby mining after groups 'took advantage' of situation to try to invade its siteThe London-listed mining company Gemfields said it had temporarily halted its ruby mining operation in Mozambique after groups “took advantage” of political unrest to set fire and attempt to invade its site, resulting in two fatalities.Gemfields, one of the world's largest miners of coloured gemstones, said that more than 200 people associated with illegal ruby mining attempted to invade the residential village built by the company next to its Montepuez Ruby Mining (MRM) operation in northern Mozambique on Christmas Eve. Continue reading......
UPDATE 1-South32 expects to start rebuilding at Mozambique project after post-election hit Updates with further details on Mozambique ops, background throughout Dec 19 (Reuters) - Australian miner South32 S32.AX said on Thursday it expects to rebuild alumina stocks in the coming days if trucking conditions remain favourable at the Mozal Aluminium smelter in Mozambique after operational disruptions at the site due to post-election civil unrest....
BUZZ-Australia's Syrah Resources near 5-year low on declaring force majeure at Mozambique project ** Syrah Resources SYR.AX plunges as much as 32.1% to A$0.18, lowest since March 23, 2020 ** Stock posts its biggest intraday pct decline since March 18, 2020 ** Graphite producer declares force majeure at its Balama Graphite Operation amid post-electi...
UPDATE 1-Mozambique's post-election protests trigger force majeure at Syrah Resources' graphite plant Adds details, background from paragraph 2 onwards Dec 12 (Reuters) - A unit of Australia's Syrah Resources SYR.AX has declared a force majeure event at its Balama Graphite Operation amid post-election civil unrest in Mozambique , the miner said on Thursday....
BUZZ-Australia's South32 loses most in 4 months amid Mozambique unrest ** Shares of diversified miner South32 S32.AX fall as much as 4.1% to A$3.530, their lowest levels since Nov 15 ** Co has pulled its production outlook for its Mozal Aluminium smelter in Mozambique amid ongoing violent protests in the African nation ** Morgan Stanley sees co stock at 'Equal-Weight', as brokerage believes a shut-in could allow for half of alumina sales to be made on spot, offsetting impact of shutdown....
UPDATE 2-Mozambique's post-election protests hit South32 plant, chrome exports Adds impact on South African miners from paragraph 5 JOHANNESBURG, Dec 10 (Reuters) - South32 S32.AX has withdrawn its output forecast for its Mozal Aluminium smelter in Mozambique amid post-election civil unrest, the Australian company said on Tuesday. October's disputed election results sparked protests from opposition supporters and there has been escalating violence since....
UPDATE 1-Australia's South32 pulls Mozambique mine forecast amid civil unrest Adds details and background from paragraph 2 onwards Dec 10 (Reuters) - Australia's South32 S32.AX has implemented contingency plans for its Mozal Aluminium mine in Mozambique and withdrawn its production forecast for the project due to the civil unrest in the southeast African country, the company said on Tuesday....
Australia's South32 says Mozambique ops hurt by civil unrest Dec 10 (Reuters) - Australia's South32 S32.AX said on Tuesday that the escalating civil unrest in Mozambique has led to road blockages, impacting the transport of raw materials to the diversified miner's Mozal Aluminium operations. Reporting by Sherin Sunny in Bengaluru; Editing by Janane...