Region Inchiri Production 56,611 Active 2008-present Phone +222 48 65 73 44 Opened 2008 | Financial year 2010 Website kinross.com | |
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Address Akjoujt, Islamic Republic of Mauritania | ||
Tasiast gold mine
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.
Contents
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 in 2010.
Planned 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. As of August 2010 the expansion project was expected to be $1 billion over budget, but it later got scaled back.
Kinross plans to build training facilities in the area, including a School of Mines.
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.