Extractive Industries

Hummingbird assesses impact of sanctions on Mali

Hummingbird Resources plc said it was assessing risks to its supply chain and business in Mali following sanctions imposed on the country.

Potential: Hummingbird says its too early to say how the sanctions might affect its business (Pixabay – generic)

RESTRICTIONS

The company owns the Yanfolila open pit gold mine in southern Mali, which poured first gold in December 2017.

The Economic Community of West African States (ECOWAS) imposed sanctions in response to the Government of Mali’s proposed timetable to hold elections.  

Hummingbird said the action related to restrictions on the movement of cash, people and goods, across borders, into and out of Mali from the wider ECOWAS region. 

“The company is evaluating the immediate risks to our supply chain and whilst all plans will be made to minimise the potential impact it is too early to say how these sanctions may potentially affect our business.

“Further updates will be provided as and when appropriate.”

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