Canada-based gold miner Kinross Gold has reached an in-principle agreement with the government of Mauritania, which the company says will deliver increased stability and position its Tasiast mine for long-term success.
The agreement was a further sign of a “positive” foreign investment climate in Mauritania, Kinross president and CEO Paul Rollinson commented in a statement on Monday.
Under the terms of the agreement, the government would provide Kinross with a 30-year exploitation licence for Tasiast Sud under the 2008 Mining Code and the 2012 Mining Convention, granted with expedited permitting and the possibility of early mining.