The 19 workers entered the mine without permission and put their own lives at risk by digging at the Kamoto industrial site, one of the world’s biggest cobalt mines, Glencore said in a statement on Thursday. There are possibly more unconfirmed fatalities, and a search and rescue operation is ongoing.
The shares closed down 4.9% at 263.90 pence on Thursday. The company said the accident won’t affect production or its other operations in the area. Glencore operates the sprawling Kamoto mine through its Katanga Mining Ltd. subsidiary in southeastern Congo, home to some of the world’s richest reserves of cobalt and copper, as well as the poorest people. Glencore halted sales of cobalt from the mine last year due to low levels of radioactivity, but has since restarted some shipments.
Workers will go to extreme lengths to break into mine sites, sometimes tunneling underneath walls, and put themselves in dangerous situations. Congo deployed troops to protect China Molybdenum Co.’s Tenke Fungurume mine from illegal miners, Reuters reported earlier this month.
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