Glencore Says 19 People Were Killed in Congo Mine Collapse – by William Cloves and Thomas Biesheuval (BNN/Bloomberg News – June 27, 2019)

https://www.bnnbloomberg.ca/

(Bloomberg) — Glencore Plc said 19 illegal miners were killed when part of a mine collapsed in the Democratic Republic of Congo.

Glencore shares fell as much 8.3%. The workers entered the mine without permission and put their lives at risk by trespassing on the industrial site, which is one of the world’s biggest cobalt mines, according to a statement from the company on Thursday. A search and rescue operation is ongoing. The incident will not affect Glencore’s production.

Producers and authorities in Congo and other African countries face a constant struggle against illegal miners, who break into operational and shuttered mines to extract ore and don’t follow official safety procedures.

A gold mine owned by AngloGold Ashanti Ltd. was forced to evacuate employees when it was overrun by thousands of informal miners in 2016. In South Africa, more than 30 illegal miners died in an explosion at an unused gold mine shaft in 2017.

For the rest of this article: https://www.bnnbloomberg.ca/glencore-says-19-people-were-killed-in-congo-mine-collapse-1.1279612

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