The two biggest iron ore miners in Sierra Leone have seen their shares drop over the outbreak of Ebola fever in the eastern part of the country.
Bloomberg news reported Wednesday that shares of “London Mining declined 14 percent to 36 pence by the close in London, the lowest since it first sold shares in 2009.”
Also that shares for “African Minerals (AMI) dropped 7.6 percent to 97 pence, the lowest since April 29, 2009.”
Some 8 non essential staff of London Mining had been evacuated although the miner said its operations were not affected. In a statement on its website the Company said it “has imposed restrictions on travel in the region and continues to work with employees to promote awareness of the disease,”
African Minerals said the outbreak was over 125 miles from its Tonkolili mine, and says it “has implemented numerous initiatives to safeguard its operations and workforce in Sierra Leone prior to confirmation of cases in-country.”
The latest update of the outbreak was 6 dead and 90 suspected cases although only 24 were confirmed cases of the Ebola fever.
Friday June 06, 2014