Questor share Tip: incident Mozambique annoys Kenmare Resources

Questor says HOLD

Friday, the company revealed that clay and water containment pond had been violated, allowing the contents spill village voisin.La society says that the content is non-toxic.

Unfortunately, a four year old girl is missing after the incident.

The news sent the actions low 13pc Friday - although they rebounded yesterday.

Mining company by dredging and violation has sent a deluge of water, sand and clay in the village of local Topuito - where 115 all houses were destroyed.

The company suspended mining operations and is housing the villagers in a warehouse on the mine site and provide them with food and water.

Media reports quoted Esperan?a Bias, Minister of the country, mineral resources, saying: "we must ensure that people are not affected by disease or dangereux.Heureusement products, we learned that the company made space for victims, which is commendable." "

Management are visiting the site and we can expect an update on the situation later this week.

Actions have been first recommended to 18?p on September 5, and they are now very slightly in advance of this award.

The company has a high-quality business and good prospects, however, until we have more details about the situation - and in particular the missing girl - rating is now hold.


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