sharing in governance of extractive industries

Newcrest Cote d'Ivoire gold mine frozen, (management moves to Ghana) - Mining Review

Newcrest Mining ‒ a leading international gold company and one of the world's lowest cost gold producers ‒ has put work at its Bonikro gold mine in Cote d'Ivoire on ice and moved mine management to Ghana, amid election tensions in the region.

Headquartered here, Newcrest is among the top 20 companies by market capitalisation listed on the Australian Stock Exchange. It pointed out in a statement issued here that no threats had been made against the mine or staff.

“Precautionary measures are in place to ensure the safety and security of all employees,” Newcrest said in a report about the Ivory Coast situation.

Violence has claimed over 50 lives since the contested election on 28 November.

“The bulk of the mine management has been relocated to nearby Accra in Ghana, and the mine is being managed from there, with security and local employees maintaining the site in preparation for a resumption of operations as soon as possible,” Newcrest said.

The mine produces around 120 000 oz of gold per year.


Available: http://www.miningreview.com/node/18927

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