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Article

30 Sep 2019

Author:
Reuters

DRC: For security reasons, Banro suspends most of its operations following recurrent attacks by armed rebels

"Overrun by militia, Canadian miner Banro suspends Congo gold operations", 27 Septembre 2019

...Banro...has suspended operations at several of its sites in Democratic Republic of Congo because the company can no longer ensure their security from armed rebels, its chief executive said...Banro’s mines have been repeatedly attacked by Mai Mai militiamen in eastern Congo. In the latest major incident, four Banro employees were kidnapped in July and held for several weeks before being released.

Banro CEO Brett Richards said the company declared force majeure...at the Namoya gold mine and several more of the company’s operations. He said the rebels’ repeated attacks on Banro facilities constituted the kind of unpredictable event that justifies a declaration of force majeure, a legal clause that, when invoked, can free an entity from meeting contractual obligations...

“The government has done nothing to create a sustainable and positive environment for Banro’s employees to work safely and securely,” he said, adding that all Namoya employees had been evacuated two weeks ago...Richards said the declaration was partly meant to increase pressure on President Felix Tshisekedi to find a solution...

 

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