The investment company owns a 6.18% stake in
Two underground workers were killed in the fatal accident and, following the accident, Brazil Tungsten has received a list of non-compliance issues, including three interdictions, which have resulted in the suspension of operations at the mine and process plant, the company said.
Brazil Tungsten is now required to present plans to rectify certain issues raised by the government bodies, and upon resolution, the restrictions may be lifted subject to approval.
The 6.18% investment in
Shares in Gunsynd were trading 5.8% lower at
Gunsynd (GUN)