By Danilo Masoni MILAN, Aug 30 - Shares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country.
France, Gabon's former colonial ruler which has troops stationed in the African nation, condemned the coup. Eramet, the world's No.1 producer of high-grade manganese ore thanks to its Moanda mine in Gabon, said it had suspended all operations in the country as a "precautionary measure".
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Europe's Gabon-exposed stocks slide after military coupShares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country. London-listed oil producer Tullow Oil fell as much as 12% in afternoon trading, while French energy companies TotalEnergies Gabon and Maurel et Prom and miner Eramet all dropped by more than 20% at one point. 'Shares are reacting to concerns over the backdrop in Gabon,' said Investec equity analyst Alex Smith in London.
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Europe's Gabon-exposed stocks slide after military coupBy Danilo Masoni MILAN (Reuters) - Shares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday ...
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