Make Kitco Your Homepage

Strike Halts Gold Output At Two Randgold Mines In Mali - Union

Kitco News

(Adds details, background)

BAMAKO, April 19 (Reuters) - A strike has halted gold production at two mines in Mali run by Randgold Resources since Wednesday, two senior union officials told Reuters on Thursday.

The strike at the company’s Loulo and Gounkoto mines was related to the payment of bonuses and would continue until the issue was resolved, said Mamadou N’Daou, the administrative secretary of the industry and mines union SECNAMI.

Randgold, which owns three gold mines in Mali, was not immediately available for comment.

The Loulo and Gountoko mines are located in Mali’s gold-rich south, far from the unrest caused by Islamist insurgents in the north. They produced over 20 tonnes of gold last year.

Reporting By Tiemoko Diallo, Writing by Edward McAllister Editing by Joe Bavier and Susan Fenton

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News

Cambridge House San Francisco Summit