Tasiast Gold Mine
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Tasiast Gold Mine
The Tasiast gold mine is an open-pit gold mine in Mauritania, owned and operated by Kinross Gold. The mine is located north of the capital of Nouakchott in a wadi Wadi ( ar, وَادِي, wādī), alternatively ''wād'' ( ar, وَاد), North African Arabic Oued, is the Arabic term traditionally referring to a valley. In some instances, it may refer to a wet (ephemeral) riverbed that contains water ... called Khatt Atui. History The Tasiast Gold Mine began production in 2008. In 2010, Kinross Gold purchased it as part of a $7.1-billion takeover of Red Back Mining in 2010. Expansion Following the purchase, Kinross began an expansion of the mine, which is scheduled to finish in 2014, increasing production from 56,000 ounces per year (as of 2010) to 1.5 million. the expansion project was expected to be $1 billion over budget, but it later got scaled back. Kinross plans to build training facilities in the area, including a School of Mines. Controversies In ...
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Regions Of Mauritania
Mauritania is divided into 15 regions: During the Mauritanian occupation of Western Sahara (1975–79), its portion of the territory (roughly corresponding to the lower half of Río de Oro province) was named Tiris al-Gharbiyya. The regions are subdivided into 44 departments; see departments of Mauritania The Regions of Mauritania are subdivided into 44 departments. The departments are listed below, by region: Adrar Region * Atar Department * Chinguetti Department * Oujeft Department * Ouadane Department Assaba Region * Aftout Department ... for more information. See also * ISO 3166-2:MR {{Mauritania topics Mauritania 1 Regions, Mauritania Mauritania, Regions Mauritania geography-related lists Subdivisions of Mauritania * Mauritania ...
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Inchiri Region
Inchiri ( ar, ولاية إينشيري) is a region in western Mauritania. Its capital and only city is Akjoujt. It borders the regions of Adrar to the east, Trarza to the south, and Dakhlet Nouadhibou to the north and west, along with a short Atlantic Ocean coastline. The region is known for its rich copper deposits, and therefore is heavily mined. According to the World Health Organization, there is a malaria risk during the rainy season, which lasts from July to October. Former president Mohamed Ould Abdel Aziz was born and raised in Akjoujt. Demographics As of 2016, the population of the region was 20,386, compared to 19,639 in 2013 and 15,609 in 2011. The 2016 population included 10,812 males and 9,575 females. Economy, health and education As of 2008, the economic activity rate was 59.8% and the dependency ratio was 0.69. As of 2014, 26.1% of people worked for the government, 18.5% worked for private businesses, and 22.8% were self-employed. As of 2015, 97.2% of children ...
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Mauritania
Mauritania (; ar, موريتانيا, ', french: Mauritanie; Berber: ''Agawej'' or ''Cengit''; Pulaar: ''Moritani''; Wolof: ''Gànnaar''; Soninke:), officially the Islamic Republic of Mauritania ( ar, الجمهورية الإسلامية الموريتانية), is a sovereign country in West Africa. It is bordered by the Atlantic Ocean to the west, Western Sahara to the north and northwest, Algeria to the northeast, Mali to the east and southeast, and Senegal to the southwest. Mauritania is the 11th-largest country in Africa and the 28th-largest in the world, and 90% of its territory is situated in the Sahara. Most of its population of 4.4 million lives in the temperate south of the country, with roughly one-third concentrated in the capital and largest city, Nouakchott, located on the Atlantic coast. The country's name derives from the ancient Berber kingdom of Mauretania, located in North Africa within the ancient Maghreb. Berbers occupied what is now Mauritania ...
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Kinross Gold
Kinross Gold Corporation is a Canadian-based gold mining, gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by ''InvestingNews''. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange. Operations Kinross Gold operates mines in North and South America, and West Africa. In 2022, 58% of Kinross gold production is expected to come from the Americas. Fort Knox This property includes a mill, tailings storage, Heap leaching, heap leach facility, the Gil project, and the True North open pit mine, which is closed and under monitoring. Expected to run out of ore in 2021, the mine's life has been extended to 2030 following a $100 million expansion investment announced in 2018, increasing life-of-mine produ ...
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Toronto Stock Exchange
The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities. The Toronto Stock Exchange was established in 1861, and incorporated by the Legislative Assembly of Ontario in 1878. The Toronto Stock Exchange became the sole Canadian exchange for senior equities in 1999. In 2002, the exchange became a publicly-traded company and rebranded from the TSE to the ''TSX'' A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds. More mining and oil and gas companies are listed on Toronto Stock Exch ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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Open-pit Mining
Open-pit mining, also known as open-cast or open-cut mining and in larger contexts mega-mining, is a surface mining technique of extracting rock or minerals from the earth from an open-air pit, sometimes known as a borrow. This form of mining differs from extractive methods that require tunnelling into the earth, such as long wall mining. Open-pit mines are used when deposits of commercially useful ore or rocks are found near the surface. It is applied to ore or rocks found at the surface because the overburden is relatively thin or the material of interest is structurally unsuitable for tunnelling (as would be the case for cinder, sand, and gravel). In contrast, minerals that have been found underground but are difficult to retrieve due to hard rock, can be reached using a form of underground mining. To create an open-pit mine, the miners must determine the information of the ore that is underground. This is done through drilling of probe holes in the ground, then plotting ea ...
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Gold Mining
Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surface, has led to more complex extraction processes such as pit mining and gold cyanidation. In the 20th and 21st centuries, most volume of mining was done by large corporations, however the value of gold has led to millions of small, artisanal miners in many parts of the Global South. Like all mining, human rights and environmental issues are common issues in the gold mining industry. In smaller mines with less regulation, health and safety risks are much higher. History The exact date that humans first began to mine gold is unknown, but some of the oldest known gold artifacts were found in the Varna Necropolis in Bulgaria. The graves of the necropolis were built between 4700 and 4200 BC, indicating that gold mining could be at least 700 ...
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Nouakchott
, image_skyline = Nouakchott.jpg , image_caption = City view of Nouakchott , pushpin_map = Mauritania#Arab world#Africa , pushpin_relief = 1 , mapsize = , map_caption = Map of Mauritania showing Nouakchott , subdivision_type = Country , subdivision_name = , subdivision_type1 = Capital district , subdivision_name1 = Nouakchott , leader_title = Council president , leader_name = Fatimatou Abdel Malick , population_as_of = 2019 census , population_total = 1,195,600 , area_total_km2 = 1000 , population_density_km2 = auto , area_total_sq_mi = 400 , coordinates = , coordinates_footnotes = , elevation_m = 7 , elevation_ft = , website = , settlement_type = Capital city Nouakchott (; ; ar, نواكشوط; ber, label= Berber, ital ...
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Wadi
Wadi ( ar, وَادِي, wādī), alternatively ''wād'' ( ar, وَاد), North African Arabic Oued, is the Arabic term traditionally referring to a valley. In some instances, it may refer to a wet (ephemeral) riverbed that contains water only when heavy rain occurs. Etymology The term ' is very widely found in Arabic toponyms. Some Spanish toponyms are derived from Andalusian Arabic where ' was used to mean a permanent river, for example: Guadalcanal from ''wādī al-qanāl'' ( ar, وَادِي الْقَنَال, "river of refreshment stalls"), Guadalajara from ''wādī al-ḥijārah'' ( ar, وَادِي الْحِجَارَة, "river of stones"), or Guadalquivir, from ''al-wādī al-kabīr'' ( ar, اَلْوَادِي الْكَبِير, "the great river"). General morphology and processes Wadis are located on gently sloping, nearly flat parts of deserts; commonly they begin on the distal portions of alluvial fans and extend to inland sabkhas or dry lakes. In basin and r ...
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Khatt Atui
Khatt Atui is a wadi in North Africa. This dry riverbed begins near Aousserd in the disputed territory of Western Sahara and runs southwest through the Dakhlet Nouadhibou Region, Dakhlet Nouadhibou and Inchiri Region, Inchiri Regions of Mauritania, ending at the Baie d'Aouati on the Atlantic coast east of Iouik, Mauritania in Banc d'Arguin National Park. The Atui basin as defined by the Transboundary Waters Assessment Programme of the Global Environment Facility covers and is home to an estimated 99,599 people. The Mauritanian settlements of Chami (on the highway between Nouakchott and Nouadhibou), Imkebden and N'Talfa are located along the wadi, as is the Tasiast Gold Mine, Tasiast gold mine. Khatt Atui has been suggested as the location of the lower reaches of a major ancient river, dubbed the Tamanrasset River, Tamanrasett paleoriver, that flowed through the Sahara to the Bay of Arguin, Arguin Basin during humid episodes in the late Quaternary. Early Neolithic archaeological s ...
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Red Back Mining
Red Back Mining Inc. is an unhedged Vancouver based mineral resource company. Its focus is West Africa where it operates the Chirano Gold Project in Ghana and the Tasiast Gold Mine in Mauritania. It has one division, Red Back Mining NL, based in Perth, Australia. While independent it was considered one of Canada's Largest gold companies with a market capitalization of $ 5.8 billion or 3/4 as much as the 10th largest gold mining company in the world however at the time its key mines hadn't yet reached full potential or critical mass. In May 2010, there was an announcement of a private placement in which one of the world's largest gold mining companies Kinross Gold will purchase 9.4% of Red Back's outstanding shares. When the deal is completed Kinross will be the company's largest shareholder next to Fidelity Management which currently owns 6%. On August 3, 2010 an announcement was made by Kinross offering to merge Red Back into Kinross with Kinross paying $7.1 billion for a ...
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