Australian miners brace for fallout after Guinea coup

Original article by Peter Ker
The Australian Financial Review – Page: 14 & 19 : 7-Sep-21

Alcoa of Australia has advised that it is monitoring the situation in Guinea, amid reports of a coup in the West African nation. Alumina, Alcoa and Rio Tinto have bauxite mining interests in Guinea, while Rio has two iron ore mining leases. Merriden Varrall from KPMG has warned of growing geopolitical stability in many nations, and that West African nations are becoming increasingly vulnerable to terrorism. However, Perseus Mining MD Jeff Quartermain says not all nations in the region are beset with problems, with Perseus operating gold mines in Ghana and Cote d’Ivoire. He notes that it has enjoyed a record year on the back of its operations in the two countries.

CORPORATES
ALCOA OF AUSTRALIA LIMITED, ALCOA INCORPORATED, RIO TINTO LIMITED – ASX RIO, PERSEUS MINING LIMITED – ASX PRU, KPMG AUSTRALIA PTY LTD

Fears for Aussie miners in growing terror hot spots

Original article by Brad Thompson
The Australian Financial Review – Page: 23 : 6-Sep-19

Resolute Mining MD John Welborn agrees with Defence Minister Linda Reynolds that there are increased terrorism risks for Australian mining companies operating in West Africa. Reynolds was while speaking at the Africa Downunder mining conference in Perth. Resolute has mines in Mali, Senegal and Ghana, and Wellborn says the terrorism risk is getting worse, particularly in Mali where its main operations are located. Wellborn also contends that China is "stealing the march" on the US and Australia when it comes to investing in Africa.

CORPORATES
RESOLUTE MINING LIMITED – ASX RSG, AUSTRALIA. DEPT OF DEFENCE