{"id":9632,"date":"2012-04-04T15:51:08","date_gmt":"2012-04-04T13:51:08","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/gold-miners-shrug-off-risks-of-mali-disruptions\/"},"modified":"2012-04-04T15:51:08","modified_gmt":"2012-04-04T13:51:08","slug":"gold-miners-shrug-off-risks-of-mali-disruptions","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/gold-miners-shrug-off-risks-of-mali-disruptions\/","title":{"rendered":"Gold miners shrug off risks of Mali disruptions"},"content":{"rendered":"

\t\t<\/span><\/p>\n

By Sherilee Lakmidas<\/span><\/p>\n

<\/span><\/p>\n

JOHANNESBURG, April 4<\/span> (Reuters) – Gold companies with mines
\nin Mali are playing down the risk of border closures and fallout
\nfrom sanctions imposed on the West African nation after a coup
\nlast month.<\/p>\n

<\/span><\/p>\n

Randgold Resources, Mali’s largest investor, and
\nAfrica’s largest gold producer, AngloGold Ashanti, said
\non Wednesday it had enough supplies of fuel to sit out any
\nimmediate changes in the way it does business.<\/p>\n

<\/span><\/p>\n

“There is no revolution and there is no conflict so there is
\nno threat to life or limb,” Randgold Resources Chief Executive
\nMark Bristow told Reuters.<\/p>\n

<\/span><\/p>\n

Bristow said the company, which sources two-thirds of its
\ngold from Mali, had no problem bringing in fuel and shipping
\ngold despite border closures by the 15-state Economic Community
\nof West African States designed to squeeze Mali’s economy.<\/p>\n

<\/span><\/p>\n

“Those sanctions haven’t all been applied yet. They are
\nbeing applied, I believe, but we are still shipping fuel and
\ngoods through some of the borders,” Bristow said.<\/p>\n

<\/span><\/p>\n

Randgold had 440,000 litres of diesel delivered on Tuesday
\nnight, giving its Loulo complex about 12 days’ supply and its
\nMorila mine around 14 days of fuel.<\/p>\n

<\/span><\/p>\n

The company’s London-listed shares have dropped 20 percent
\nsince soldiers seized power in Mali on March 22, suggesting that
\ninvestors are worried over the potential risk of disruption as a
\nresult of the political situation.<\/p>\n

<\/span><\/p>\n

Morila, a joint venture with AngloGold, is 280 km (170
\nmiles) southeast of Bamako, and Loulo sits in the west of Mali,
\nbordering Senegal, 350 kilometres west of Bamako.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Sherilee Lakmidas JOHANNESBURG, April 4 (Reuters) – Gold companies with mines in Mali are playing down the risk of border closures and fallout from sanctions imposed on the West African nation after a coup last month. Randgold Resources, Mali’s largest investor, and Africa’s largest gold producer, AngloGold Ashanti, said on Wednesday it had enough […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9632","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9632"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9632\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}