Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Unionized workers at Kinross Gold’s (TSX:K; NYSE:KGC) Tasiast gold mine in Mauritania have downed tools, the company announced Tuesday.
The company said it disagrees with the basis of the strike notice, but remains open to discussions with delegates to resolve the situation.
Kinross said it has adhered to a collective labour agreement finalized in November 2019 and called the strike “opportunistic” during the global pandemic.
There have been four short labour actions at Tasiast since Kinross acquired the mine, the last was in 2016.
The average length of these labour actions have been approximately nine days, and none have had a material impact, the company said.
Tasiast produced 391,097 gold-equivalent ounces in 2019.
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