Semafo reports illegal work stoppage at Burkina Faso mine
TORONTO (miningweekly.com) – Employees at TSX-listed gold producer Semafo's Mana mine, in Burkina Faso, started an illegal work stoppage on Saturday evening.
The Montreal-based company said on Monday that this was in spite of an existing collective agreement that remained in effect until December 31, 2015.
The corporation had secured the Mana site and was collaborating with union delegates to establish a timely return to normal operations.
Semafo, which had in October launched a 65c-a-share takeover offer for ASX-listed gold developer Orbis Gold, on Monday gained 10.03% a share, rising C$0.33 to C$3.62 a share.
Takeover target Orbis on Monday announced that it had received Semafo’s ‘bidder’s statement’ and would “shortly” release its ‘target’s statement’ in response.
The offer was subject to a minimum acceptance by 50.1% of Orbis shareholders.
Orbis had rejected the unsolicited bid and was currently looking at alternative offers.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation