Wednesday, October 14, 2015

Mining Company B2Gold To Restart Operations At El Limon Mine In Nicaragua

B2Gold Corp said on Wednesday it would reopen its El Limon mine in Nicaragua, which had been closed for two weeks after worker protests and violent culminated in a policeman being killed.

The Limon Mine is located in northwestern Nicaragua approximately 100 kilometres north of Managua and 20 kilometres from the Pan-American Highway.

B2Gold holds a 95% interest in the Limon Mine, with the remaining 5% being held by Inversiones Mineras S.A., a holding company representing unionized mine workers in Nicaragua.

Mining company B2Gold said in a statement "that the mining workers in El Limon mine can start working again on Wednesday afternoon"

As has been reported by Reuters that the policeman died and 31 people were hurt after a clash on Oct. 6 between police and workers, who were demanding the reinstatement of three colleagues mining workers in El Limon Nicaragua who had been fired.

At least four protesters were detained by police after a confrontation during the current unrest in mining

The day after the clash, B2Gold said that subject to a timely resolution to the dispute, it expects to meet its 2015 forecast of 55,000-65,000 ounces of gold from El Limon, which represents approximately 11 percent of the company's 2015 gold production.

B2Gold Corp. is a Vancouver based gold producer with four operating mines (two in Nicaragua, one in the Philippines and one in Namibia) and a strong portfolio of development and exploration assets in Nicaragua, Mali, Burkina Faso and Colombia.

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