"Phase One is expected to reach full production by the end of Q1 2018 with estimated capital expenditures of approximately $300 million."
Kinross to spend $300 mln on N. Africa mine expansionMarch 30 (Reuters) - Kinross Gold Corp said it would spend $300 million on the first phase of expansion at its Tasiast mine in Mauritania in North Africa. (continues here)
"Preparations for Phase One construction will begin immediately, with expected forecast capital expenditures of $300 million, plus estimated capital stripping of $428 million (2016-2019)."
- When is capex not capex?
- Wouldn't it be fun to watch K spend $300m in capex, then decide not to spend that extra 428 large on capitalized stripping work, then try to claim all the capital expenditures on phase one are complete and they don't need to spend any more in order to mine phase one?
- Why do birds fly South for the winter?*
- Why do mining companies insist on bullshitting us to within an inch of our lives?
- Why do fools fall in love?