[miningmx.com] – CANADIAN gold miner, Kinross Gold Corporation, is hoping to make its Tasiast operation in Africa’s Mauritania its largest operation if it can raise $1.6bn for an expansion, said Bloomberg News.
Citing Kinross Gold CEO, Paul Rollinson, the newswire said that the gold firm was working with BNP Paribas to help arrange the finance. Funding may include the World Bank’s International Finance Corp for some $750m of the finance.
“We think we’ll get pretty good terms,’ Rollinson told Bloomberg News. “It just takes longer to structure when you’re working through government agencies and their systems and approval processes,’ he said.
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