Aussie mine bosses missing
Source: Agencies |
June 21, 2010, Monday
|
Print Edition
Print Edition
A PLANE carrying the chairman, chief executive and top executives of an Australian mining firm disappeared into the jungle as it flew from Cameroon to Republic of Congo.
The aircraft, chartered by Australian company Sundance Resources Ltd, was carrying nine passengers on Saturday, including six executives, from Yaounde to Yangadou in the neighboring Republic of Congo where the company has a mine, according to a company statement released yesterday.
Republic of Congo is located in central Africa and is often overshadowed by its much larger neighbor, Congo.
A Cameroon company official, speaking on condition of anonymity, said the plane went missing as it flew to its first stop in Mbalam, another of the firm's mining sites located in Cameroon's eastern region.
A company statement said those aboard included Geoff Wedlock, chairman for Sundance Resources, and Don Lewis, the CEO.
Families notified
The company said families have been notified and a ground search begun. "All operations at site have been suspended, with all in-country resources dedicated to this search and rescue effort," the company said in its statement.
The search is being coordinated by Cameroon, Gabonese and Republic of Congo authorities with support from Australian, Canadian and United States officials, it said.
Sundance Resources also said it would ask the Australian Stock Exchange to suspend the company's shares before trading opens today.
Sundance executives had been in Cameroon in recent days to meet with officials about the company's Mbalam project, which could earn the West African country billions of dollars over 25 years, according to the Cameroon official.
Sundance has a 90-percent stake in Cameroon Iron Ore Company, which owns more than 1,800 square kilometers of fields with estimated reserves of 2.2 million tons of mineral resources.
Cameroon Iron Ore is holding an emergency meeting at its headquarters in Yaounde.
The aircraft, chartered by Australian company Sundance Resources Ltd, was carrying nine passengers on Saturday, including six executives, from Yaounde to Yangadou in the neighboring Republic of Congo where the company has a mine, according to a company statement released yesterday.
Republic of Congo is located in central Africa and is often overshadowed by its much larger neighbor, Congo.
A Cameroon company official, speaking on condition of anonymity, said the plane went missing as it flew to its first stop in Mbalam, another of the firm's mining sites located in Cameroon's eastern region.
A company statement said those aboard included Geoff Wedlock, chairman for Sundance Resources, and Don Lewis, the CEO.
Families notified
The company said families have been notified and a ground search begun. "All operations at site have been suspended, with all in-country resources dedicated to this search and rescue effort," the company said in its statement.
The search is being coordinated by Cameroon, Gabonese and Republic of Congo authorities with support from Australian, Canadian and United States officials, it said.
Sundance Resources also said it would ask the Australian Stock Exchange to suspend the company's shares before trading opens today.
Sundance executives had been in Cameroon in recent days to meet with officials about the company's Mbalam project, which could earn the West African country billions of dollars over 25 years, according to the Cameroon official.
Sundance has a 90-percent stake in Cameroon Iron Ore Company, which owns more than 1,800 square kilometers of fields with estimated reserves of 2.2 million tons of mineral resources.
Cameroon Iron Ore is holding an emergency meeting at its headquarters in Yaounde.
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