Vest

Sahel Blog

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…

View original post 513 more words

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s