Globe says B2Gold "unaffected" by Mail military coup

2020-08-20 07:24 ET - In the News

The Globe and Mail reports in its Thursday edition that a military coup in Mali raised the possibility of eventual supply chain disruptions for B2Gold, the Vancouver-based miner that operates one of West Africa's biggest gold mines. The Globe's Niall McGee writes that on Tuesday, Mali president Ibrahim Boubacar Keita resigned after being detained by mutinous military officers in the capital city of Bamako. The soldiers, who are part of a group called the National Committee for the Salvation of the People, vowed to cede power once democratic elections are eventually held. The coup came after months of protests against the previous Mali government and amid periodic insurgency from terrorist groups. Internationally the coup was condemned. Both the United Nations and the African Union (AU) called for the immediate release of Mr. Keïta. The Economic Community of West African States also ordered its member states to close their regional borders with Mali. "There's a heck of a lot of uncertainty as far as who's actually running this country right now," said Chris Thompson, analyst with PI Financial. B2Gold said in a statement that its Fekola mine, about 500 kilometres west of Bamako, is unaffected by the coup.

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