Deal #5429

Location #1

Spatial accuracy level
Exact location
Location
Akjoujt, Mauritania

Latitude
20.55638283537228
Longitude
-15.513332487304751
Target country
Mauritania
Comment on location
The mine is located 300 kilometres (190 mi) north of the capital of Nouakchott.

Land area

Intended size (in ha)
31200
Size under contract (leased or purchased area, in ha)
[2010] 31200
Comment on land area
312km²- 31,200ha

Intention of investment

Intention of investment
Mining

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
[2010] Concluded (Contract signed)
Comment on negotiation status
Kinross acquired Tasiast on September 17, 2010, as part of its takeover of Red Back Mining.

Implementation status

Implementation status
[2010] In operation (production)
Comment on implementation status
Operations originally in production in 2008. Operations were temporarily halted due to invalid work permits (2016).

Contract farming

Contract farming
No

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
1041
Comment on jobs created (total)
1,041 permanent staff

Operating company

Operating company

 

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Data source #1

Data source type
Media report
File
Date
2016-06-20
Comment on data source
Kinross Gold suspends work at Tasiast mine in Mauritania, shares dive

Data source #2

Data source type
Media report
File
Date
2016-03-30
Comment on data source
Kinross is going ahead with expansion of its Tasiast gold mine in Mauritania

Data source #3

Data source type
Media report
File
Date
2016-08-26
Comment on data source
Kinross Gold resumes mining and processing operations at Tasiast

Data source #4

Data source type
Media report
File
Comment on data source
Mining-technology-- Tasiast Gold Mine, Mauritania

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
Red Back Mining.

Former land use

Former land use
Other
Comment on former land use
Mine

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)

Detailed crop, animal and mineral information

Resources area
Gold

Use of produce

Has export
Yes

Water extraction envisaged

Water extraction envisaged
Yes

April 5, 2017, 6:25 p.m.

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