Lotus Resources signs mine development agreement with Malawi gov’t
The company's next steps are to complete offtake negotiations for the first phase of contracting and finalize the project's financing.
Workers at Endeavour Mining Plc’s Sabodala-Massawa mine in Senegal started a strike on Thursday that could hamper the company’s ability to reach annual production target.
The work stoppage, which comes following the arrival of new equipment at the project, risks having a serious impact on gold production in “the second trimester of 2024,” according to an internal memo seen by Bloomberg.
The reason workers laid down their tools was not immediately known. A spokeswoman for the company declined to comment when she was contacted by phone.
“Even if this strike was short-lived, the shutdown of this plant would affect the equipment” and “it would be months before we could hope for a return to normal activity,” the memo said.
Endeavour was on track to achieve its full-year guidance of between 1.13 million ounces and 1.27 million ounces following an expansion of the site, the company said in April.
(By Katarina Höije and Momar Niang)
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