VANCOUVER (miningweekly.com) – Toronto-based Kinross Gold has reached a new three-year collective labour agreement (CLA) with unionised employees at its Tasiast mine, in Mauritania.
The TSX- and NYSE-listed company also on Tuesday announced the signing of a ‘Mauritanisation’ agreement with government to increase the number of local workers at Tasiast.
Operations at Tasiast were in June brought to a three-week halt after employees downed tools regarding negotiations with the staff delegates on the new CLA and other outstanding items.
Tasiast resumed normal mining and processing activities in mid-August after the parties resolved a dispute over an expatriate work permit issue. This also led to the signing of the Mauritanisation plan agreement.
Kinross counted among the poor-performing TSX gold mining group that Tuesday fared poorly on the back of a gold price dipping significantly below the $1 300/oz-mark. Kinross recorded losses of nearly 13% to C$4.71 a share.