The mining giant has raced to ensure the safety of staff at its fledgling iron ore mine, but won’t be drawn on any potential longer-term implications.
| A military coup in Gabon has sent a tremor through Fortescue Metals Group and its $US200 million Army officers have reportedly overthrown the government of President Ali Bongo, who won a bitterly contested election at the weekend, and whose family has held power for half a century.Media reports said the military had shut the country’s borders, and gunfire was heard on the streets of the capital, Libreville.
Fortescue has committed to spending $US200 million on the mine’s early-stage development across this year and next. His family and regime have been accused of corruption, including by the French authorities. And although the country is relatively stable, its electoral processes have been rocky.
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