First Quantum suspends operations in Mauritania
In a press release today by the company, First Quantum Minerals has announced that it has "temporarily suspended normal operations at its Guelb Moghrein copper-gold mine in Mauritania due to illegal strike action by some unionized employees."
The strike began after protests at the Guelb Moghrein copper-gold mine left one person dead.
The Globe and Mail reported that demonstrators clashed with security forces outside the Mauritania mine over the weekend as workers demanded better pay and conditions.
It is unclear how the mine's production will be impacted in the long run, but First Quantum's stock price has dropped 6% since protesters raised their voices on Friday.
"The company continues to work through a government-facilitated mediation process to achieve a resolution to the illegal strike and will update stakeholders as warranted," First Quantum said in their release.
The Guelb Moghrein mine, which employs 1,500 people, produces 63,000 ounces of a gold and 37,000 tonnes of copper annually and makes up roughly 7.5% of the company's net asset value.