Kinross, the beleaguered gold producer whose stock price has been hammered of late due to a $4.6 billion writedown and alleged violations of securities laws, will continue pouring gold at its Tasiast mine in Africa until the year 2046, according to a technical report released on Friday.
The Tasiast gold mine in the Mauritanian desert was the biggest acquisition in Kinross Gold Corp.’s 19-year existence and one of the biggest takeovers in the history of the gold industry.
Aura Energy Limited’s (ASX Code AEE, “Aura”) confidence in the greenfields Reguibat Project in Mauritania has been confirmed by the announcement of the first JORC-code compliant resource.
The Inferred Resource of 50.2 million pounds at 330ppm U3O8 on the Reguibat Project was based on a cut-off grade of 100ppm U3O8 (Table 1). 48.9 million pounds of this resource are contained in permits 100% held by Aura.
Kinross Gold Corporation (TSX:K)(NYSE:KGC) said today that a brief work stoppage at its Tasiast gold mine in Mauritania on May 19th had ended. Normal operations at the site have resumed and all unionized workers are back to work following the resolution of certain issues related to working conditions and pay.
Constructive dialogue with the union is continuing with the aim of improving working conditions to Kinross standards, and to negotiating a collective agreement with unionized employees. Production at Tasiast was not affected by the work stoppage, which lasted less than a day. In the first quarter of 2011 Tasiast produced 51,321 gold equivalent ounces.
State-of the-art thickening technology is currently being designed by Outotec for First Quantum Minerals’ Kolwezi US$550 million-plus project in the Democratic Republic of Congo. This thickening technology will be a world first. The thickeners, due for delivery and installation at …
Orezone Gold Corporation (ORE:TSX) is pleased to announce that it has completed the sale of its Sega Gold Project ("Sega") in Burkina Faso to Cluff Gold plc (Cluff) for total consideration of approximately US$26.5M.