Gemfields says unrest could disrupt Mozambique ruby mine
Gemfields said in a statement that "groups associated with the illegal mining and trading of rubies have taken advantage of the political unrest".
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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