St Barbara (ASX:SBM) suffers fatality, halts production at PNG project

Company News

by Michael Luu

A fatality at St Barbara (ASX:SBM)’s Simberi mining project in Papua New Guinea has forced the gold explorer to temporarily cease production on the site.

The casualty involved a Papua New Guinean staffer, as local law enforcement bodies have launched a full investigation into the incident.

The Mineral Resources Authority of Papua New Guinea has also received a notification about the disaster.

Mining activities have been put to a halt and the premises have temporarily declared off-limits until the facilities receive safety clearance to resume operation.

The company released a statement expressing their condolences, “This is devastating news. Our thoughts are with the employee’s family, friends and colleagues at Simberi. The safety and wellbeing of our employees is our highest priority”.

The $1.3 billion mining corporation has taken immediate steps to attend to the fatality victim’s family, other employees on the site and the community in the local area.

Shares in St Barbara (ASX:SBM) are trading 0.3 per cent lower at $1.80

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.