Newcrest Halts Ivory Coast Mine, Randgold Mulls Unrest
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Newcrest Mining Ltd., Australia’s largest gold mining company, suspended operations at its Bonikro mine in Ivory Coast on the weekend because of political unrest. Randgold Resources Ltd. said it’s monitoring the situation.
The mine, located near Hire about 250 kilometers (155 miles) northwest of the commercial capital of Abidjan, produces about 120,000 ounces of gold annually, Melbourne-based Newcrest said today in a statement to the Australian stock exchange.