Friday , January 27 2023

Mining operations at Namoya mine temporarily suspended reports Banro

Dual-listed Banro says as a result of a road closure at its Namoya mine in the DRC, mining operations at the Namoya mine have been temporarily suspended.

Banro states the road access closure is due to the activities of local groups against both the local populations and against the (Democratic Republic of the Congo) DRC national army, and has resulted in the depletion of essential operating stock at site.

The company has taken steps to ensure the safety of its personnel and the integrity of the Namoya mine.

It looks forward to a resolution of the situation, and will provide an update as additional information becomes available.

Operations at its Twangiza mine in South Kivu Province of the DRC have not been impacted.

The company also reports the resignation of Peter Cowley from the Banro board of directors.

The board wishes him all the best in the future and thanks him for his contribution to the company over many years.

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