🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Canada's Iamgold restarts Suriname mine after coronavirus halted operations

Published 2020-07-21, 04:12 p/m
© Reuters.
IMG
-

PARAMARIBO, July 21 (Reuters) - Canadian gold miner Iamgold IMG.TO said on Tuesday it is restarting operations at its Rosebel gold mine in Suriname that it shut in June after union leaders issued a stop work order in response to employees testing positive for coronavirus.

Iamgold in June said it had quarantined the seven infected employees and taken steps to disinfect working areas, but the union had said the measures were not sufficient. Rosebel employees had started working again as of June 20, Iamgold said in a statement, adding it hopes the mine will be fully operational on July 23, though with fewer staff than usual.

The Rosebel Goldmines Employees Organization, which represents mine workers, agreed to allow a restart after meeting with management and the company's medical team on July 15, the company said.

New sanitary protocols include screening, distancing measures and taking worker temperatures.

Miners globally have temporarily suspended production at some of their mines due to the COVID-19 pandemic and government-mandated lockdowns to curb the spread of the virus.

Suriname's government holds a 5% stake in the Rosebel mine.

The country has 1,079 cases of coronavirus and 21 deaths, according to official figures.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.