Friday, March 31, 2006 KINROSS GOLD CORPORATION Canada's Kinross Gold estimates that it will spend US$100 million in 2006 on an expansion at its Paracatu gold mine in Brazil, company executives said in a webcast on 2005 results. The investment would be part of a two-stage expansion at Paracatu that is designed to increase mill capacity from 17Mt/y to 30Mt and then to 50Mt/y over 3-4 years reports BNamericas. "We are talking about capital of US$400-500 million for phase one and two," a company executive told analysts.
(See BNamericas:
Kinross budgets US$100 million for Paracatu in 2006
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Friday, March 31, 2006
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