SOURCE: Industrial Info Resources

Industrial Info Resources

September 21, 2010 05:40 ET

Kinross Gold Sees Bonanza in Mauritania's Tasiast Mine After Acquiring Red Back Mining, an Industrial Info News Alert

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 21, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Following the acquisition of Red Back Mining (TSX:RBI) (Vancouver, British Columbia) for $7.1 billion in shares and warrants, Canada's Kinross Gold Corporation (NYSE:KGC) (Toronto, Ontario) has gained one of the world's outstanding gold mine development projects in the Tasiast resource, in Mauritania in northwestern Africa. Estimates of the mine's gold reserves are under constant upward revision, and earlier this month, Red Back announced an increase of 42% in measured and indicated resources to 9.25 million ounces.

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