Friday 8 August 2014

Australia's Tawana curtails Liberia ops due to Ebola, shares tumble

Shares in Australian-listed iron ore developer Tawana Resources tumbled as much as 15 percent on Friday after the company said it was suspending much of its activities in Liberia due to a deadly Ebola outbreak. Tawana, which is developing the Mofe Creek project near the Liberian coast, said it was halting all non-essential field activities in the west African country after a state of emergency was declared this week. "All non-essential local staff, contractors and expatriate staff will return to their homes in the coming week," Tawana said in a statement to the Australian Stock Exchange. Shares in Tawana tumbled 14.8 percent to close at 2.3 Australian cents, giving it a market capitalisation of around A$34 million ($31 million). via Health News Headlines - Yahoo News Read More Here..

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