Name and Location
Tasiast gold mine expansion, Mauritania.

Client
Kinross Gold Corporation.

Project Description
The feasibility study completed on the Tasiast mine envisages the replacement of the existing 8 000 t/d mill at the mine with a new 38 000 t/d mill using heavy fuel oil for power generation at site.

The new mill will consist of a primary crusher, a semiautogenous and ball mill grinding circuit, and a conventional carbon-in-leach (CIL) circuit. Existing dump-leach facilities will be phased out in 2019, but could be available for lower-grade ore in the future if it becomes economically viable or if new ore is discovered in near-mine deposits.

Value
The projected initial capital cost is $1.566-billion, including $182 million in contingency.

Duration
The project is expected to take three years to complete.

Latest Developments
Leading up to the potential construction decision in 2015, Kinross will continue with a value improvement programme focusing on:
• continuous improvement and refinement of the execution strategy,
• procurement strategies and opportunities,
• continuous improvements to the mine plan,
• evaluation of requirements for the owner’s team, and
• engineering, procurement and construction management strategies and requirements.
This will allow the project team to further improve and refine areas such as planning, procurement and project execution.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Kinross Gold Corporation VP: investor relations Tom Elliott, tel +1 416 365 3390 or email tom.elliott@kinross.com.