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°WCoordinates: 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.
History
The Tasiast Gold Mine began production in 2008, and Kinross Gold purchased it as part of a $7.1-billion takeover of Red Back Mining in 2010. 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 the expansion project is expected to be $1 billion over budget.[4] Kinross plans to build training facilities in the area, including a School of Mines.[5]
References
- ↑ 1.0 1.1 "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.
- ↑ Marouf, Oudaa (1 December 2010). "Kinross to Invest $1.5 Billion in Mauritania’s Tasiast Gold Mine". Bloomberg. Retrieved 28 August 2011.
External links
- Tasiast mine (MRT-00477) Secretariat of the African, Caribbean and Pacific Group of States website
- Kinross Gold website
| ||||||||||||||||||||