March 22, 2012, 4:36 a.m. EDT Randgold Resources sinks 14% after Mali coup
MADRID (MarketWatch) -- Shares of U.K.-listed mining group Randgold Resources PLC UK:RRS -12.97% sank 14% in London on Thursday following a military coup in Mali, where the company has operations. Media reports said soldiers from the Malian army stormed state television and suspended the country's constitution and state institutions amid anger over the government handling of a rebellion in the north by Tuareg separatists. Reportedly, that rebellion has caused the deaths of many soldiers. Media reports said the whereabouts of President Amadou Toumani Toure were presently unknown. A spokesman from Randgold said the company was preparing a statement related to the situation in Mali.