Showing posts with label GOLD MINING NEWS WEST AFRICA. Show all posts
Showing posts with label GOLD MINING NEWS WEST AFRICA. Show all posts

Monday, October 5, 2015

Kinross’s clash with contractors over West African gold mines

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Kinross Gold Corp., facing an investigation in the United States over alleged corruption at its West African mines, has portrayed itself as the victim of “noise” by contractors who fail to win bids at its massive gold mine in the Sahara Desert in Mauritania.

In an interview last month, before the U.S. investigation was disclosed, Kinross executives in West Africa insisted their contracting procedures are transparent and fair. They denied local claims that the company faced pressure by the Mauritanian government to hire politically connected contractors, but they acknowledged the losing bidders have sometimes alleged wrongdoing in the contracting process.

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