Wednesday, August 30, 2023

"France's Eramet to Resume Manganese Mining in Gabon After Halt Over Coup"

 From Reuters via US News & World Report, August 30:

French miner Eramet, which on Wednesday suffered heavy stockmarket losses after it suspended operations in Gabon in response to an ongoing coup, said manganese mining in the country would resume on Thursday.

"In view of the information available this evening on today’s events in Gabon, the group has decided to immediately restart rail transport activity and to resume mining operations as of tomorrow morning", it said in a statement.

Eramet's Gabon mining activities make it the world's largest producer of high-grade manganese ore for steelmaking. The halt sent shares in the company down by about 17% in Paris daily stockmarket trading....