Ashapura Minechem Ltd updates on Guinea operations

Ashapura Minechem Ltd ('AML'), India's leading muti-mineral solutions provider has been mining and exporting ores from its local subsidiaries in Guinea since April 2020.

We understand that there have been certain political developments in Conakry, (the capital of Guinea) since Sunday, September 5, 2021. While we continue to monitor the situation closely, all the employees of the Ashapura Group, including Indian expatriates in Guinea remain safe and are in contact with the Company. The Company's sites are located away from the capital Conakry and operations including mining and transportation continue to be normal. In consonance with the public assurances from the new regime, there have been no disruptions in civilian life or amongst businesses.

As of date, our operations remain uninterrupted which we will continue in accordance with our business plans. However, the company shall announce material changes if any in due course.

Shares of Ashapura Minechem Ltd was last trading in BSE at Rs. 142 as compared to the previous close of Rs. 147.05. The total number of shares traded during the day was 50270 in over 301 trades.

The stock hit an intraday high of Rs. 145.5 and intraday low of 139.7. The net turnover during the day was Rs. 7075588.

Source : Equity Bulls

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