[VIDEO] The Tasiast Gold Mine
The Tasiast Mine in Mauritania, West Africa is home to the largest reverse of gold in all of Africa. Acquired in 2010 by Kinross Gold, the mine is an open pit gold mining operation located within an extensive gold system that is largely underexplored.
• Related content: [VIDEO] Kinross Gold Helps to Create Jobs and Empower People in Mauritania Mine
However, dwindling gold prices have wreaked havoc on the operation. In February, Kinross confirmed it would not go ahead with a $1.6 billion expansion of the mine.
Kinross, the world's fifth biggest gold producer based on output, said in a statement it will "continue to assess market conditions with a view to possibly expanding Tasiast, should circumstances change". It will also focus on reducing costs at the mine, which is in Mauritania.
Despite the doom and gloom, the Tasiast gold mine is poised to create significant value for Kinross Gold and surrounding communities in Mauritania.
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