LONDON (ShareCast) - (Sharecast News) - Mining outfit Serabi Gold revealed that an employee at its Palito gold mine in Brazil had died following an accident at the site.
Serabi said the employee sustained a "crush related injury" and sadly died from his injuries.

The AIM-listed firm, which said it will now investigate the cause of the accident, has notified the relevant authorities, including the police, and pledged its support to provide all necessary assistance for the enquiries.

Serabi added that production in the area of the incident had been suspended until the enquiry could be wrapped up.

Chief executive Mike Hodgson said: "We are deeply saddened to announce a fatal accident at our Palito mining operation on February 11th during the day shift.

"I join with all of my colleagues and fellow directors in expressing our sincere condolences to the family and friends of the deceased."

Serabi also vowed to provide "all necessary support to the family."

As of 1115 GMT, Serabi shares were flat on 38p.

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