Tasiast Gold Mine

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Tasiast
Location
Tasiast is located in Mauritania
Tasiast
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 / 20.58333; -15.50000Coordinates: 20°35′0″N 15°30′0″W / 20.58333°N 15.50000°W / 20.58333; -15.50000
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
TSX
NYSE
K
KGC

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[edit]

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[edit]

  1. ^ a b "Tasiast, Mauritania". Kinross Gold. Retrieved 27 August 2011. 
  2. ^ "In Canada, a Merger for Miners of Gold". The New York Times (AP). August 2, 2010. Retrieved August 2, 2010. 
  3. ^ "Kinross eyes further growth at Tasiast mine". Financial Post. August 18, 2011. Retrieved 28 August 2011. 
  4. ^ Keith, Darcy (15 August 2011). "Upgrades for Kinross, Sprott and CN Rail". The Globe and Mail. Retrieved 28 August 2011. 
  5. ^ Marouf, Oudaa (1 December 2010). "Kinross to Invest $1.5 Billion in Mauritania’s Tasiast Gold Mine". Bloomberg. Retrieved 28 August 2011. 

External links[edit]