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Mining Firms Says New Sanctions Unlikely to have Direct or Indirect Impact on their Firms

Mining and exploration companies operating in Eritrea confirms that the latest sanctions have no direct and indirect impacts on their firms or operations

By Market Watch,

Dec 06, 2011 — Sunridge Gold Corp. wishes to provide an update on the latest developments regarding the United Nations Security Council’s (UNSC) actions in respect to Eritrea.

The UNSC resolution 2023 (2011), which was passed December 5, 2011, includes three sections (see the actual wording of an extract of the text of the resolution below) related to the mining industry and should have no direct impact on Sunridge’s operations in Eritrea. At this time, it is not possible to anticipate any indirect impacts of the resolution.

The mining specific sections of the resolution are reprinted below: Continue reading Mining Firms Says New Sanctions Unlikely to have Direct or Indirect Impact on their Firms