Tasiast Gold Mine
| Location | |
|---|---|
  Tasiast Location of Tasiast Gold Mine | |
| Region | Inchiri |
| Country | Mauritania |
| Coordinates | 20°35′0″N 15°30′0″W / 20.58333°N 15.50000°W |
| Production | |
| Production | 56,611[1] |
| Financial year | 2010 |
| History | |
| Opened | 2008 |
| Active | 2008-present |
| Owner | |
| Company | Kinross Gold |
| Website | kinross.com |
| Year of acquisition | 2010 |
The Tasiast gold mine is an open-pit gold mine in Mauritania, owned and operated by Kinross Gold. The mine is located 300 kilometres (190 mi) north of the capital of Nouakchott in a wadi called Khatt Atui.
History
The Tasiast Gold Mine began production in 2008.
In 2010, Kinross Gold purchased it as part of a $7.1-billion takeover of Red Back Mining.
Expansion
Following the purchase, Kinross began an expansion of the mine, which is scheduled to finish in 2014, increasing production from 56,000 ounces per year (as of 2010) to 1.5 million.[1][2] [3] As of August 2010[update] the expansion project was expected to be $1 billion over budget,[4] but it later got scaled back.[5]
Kinross plans to build training facilities in the area, including a School of Mines.[6]
Controversies
In 2015, the company came under fire in the Mauritanian media for allegedly favouring contractors tied to the government; Kinross Gold denied the allegations.[7]
References
- ^ a b "Tasiast, Mauritania". Kinross Gold. Retrieved 27 August 2011.
- ^ "In Canada, a Merger for Miners of Gold". The New York Times (AP). August 2, 2010. Retrieved August 2, 2010.
- ^ "Kinross eyes further growth at Tasiast mine". Financial Post. August 18, 2011. Retrieved 28 August 2011.
- ^ Keith, Darcy (15 August 2011). "Upgrades for Kinross, Sprott and CN Rail". The Globe and Mail. Retrieved 28 August 2011.
- ^ "Kinross’s clash with contractors over West African gold mines", The Globe and Mail, 04 Oct 2015 https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/kinrosss-clash-with-contractors/article26645323/
- ^ Marouf, Oudaa (1 December 2010). "Kinross to Invest $1.5 Billion in Mauritania's Tasiast Gold Mine". Bloomberg. Retrieved 28 August 2011.
- ^ "Kinross’s clash with contractors over West African gold mines", The Globe and Mail, 04 Oct 2015 https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/kinrosss-clash-with-contractors/article26645323/
External links
- Tasiast mine (MRT-00477) Secretariat of the African, Caribbean and Pacific Group of States website
- Kinross Gold website
- Tasiast Project Website