trending Market Intelligence /marketintelligence/en/news-insights/trending/xBwMakT5wsJxZNojvoxiJA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Kinross Gold secures US$300M loan to develop Mauritania operation

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Kinross Gold secures US$300M loan to develop Mauritania operation

A subsidiary of Canada-based Kinross Gold Corp. signed a definitive agreement for an eight-year loan of up to US$300 million to develop the Tasiast gold operation in Mauritania.

Tasiast Mauritanie Limited SA signed the loan agreement with World Bank Group member International Finance Corp. and Export Development Canada with the participation of ING Bank and Société Générale.

The loan, which is nonrecourse to Kinross, matures in December 2027 and has a floating interest rate of the London interbank offered rate plus 4.38%. Initial drawdown is expected in early 2020, according to a Dec. 16 news release.

In September, Kinross decided to proceed with the Tasiast 24k project, which is expected to boost throughput at the Tasiast mine to 24,000 tonnes per day for an initial capital expenditure estimate of US$150 million.