Loading ...TORONTO, Aug 1 (Reuters) – Kinross Gold Corp said on Wednesday it was “pausing” expansion work at its Tasiast gold mine in Mauritania after a government request for talks to improve the country’s economic benefits from the miner’s activities.
Kinross was asked to enter “mutually beneficial” discussions in May, in a letter from the government that also affirmed its earlier rejection of a permit to advance a Kinross exploration project.
The Canadian miner said it was studying alternative options to boost capacity at its mill and continued to engage with the African country’s government to clarify the issue.
The second phase expansion was intended to add 30,000 tonnes per day of processing capacity to the project. Kinross said it had completed construction of the first phase expansion, boosting mill throughput to 12,000 tonnes per day from 8,000 tonnes.
Canada’s Kinross Gold puts Mauritania mine expansion on hold