Knowledgeable about mining I am not, so this post is essentially a collection of links and quotes regarding the Tasiast mine in Mauritania, a project of Canada’s Kinross Gold Corporation. Tasiast is in the headlines this week because of Kinross’ drop in second quarter profits. The importance of the story, for me, lies in how the situation at Tasiast might affect the investment climate in Mauritania and, given the unrest in Mali, the western Sahel as a whole.
Reuters on Tasiast’s future:
Kinross Gold Corp’s new chief executive laid out a strategy to cut costs on Thursday, but did not provide any clarity on expansion plans for the underperforming Tasiast mine in Mauritania.
Studies at the underperforming West African mine are expected to continue into 2013 and the lack of clarity did little to calm analysts’ jitters, with a number of them cutting their price targets…
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