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Market: TSX
Sector: Gold Mining
Epic: TSX:K
News: Latest news
Web Site: Kinross Gold Corp
Other Articles: 29-01-201021-01-201015-01-2010

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Aivlosin® now accounts for more than half of global sales for ECO. Sales in China during FY 2009 were more than 60% ahead of the previous year, and expectations for FY 2010 indicate similar progress.

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Wednesday March 10, 06:27Tantalum market outlook

There are mounting fears in the tantalum market that serious shortages are looming. Weak demand in consuming industries, particularly capacitors, coupled with large inventories in the supply chain, has kept tantalum prices low.

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Tuesday March 09, 10:55Nidec Corporation adds third factory and laboratory in Dalian City, China

Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction [...]

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Kinross Gold Corp

Kinross Gold Corp

Kinross Gold Corporation was established in 1993 and has since grown to become the third largest primary gold producer in North America by reserves.  Based in Canada, with nine mines in stable countries including the United States, Brazil, Chile and Russia, Kinross employs more than 5,000 people worldwide
Friday, March 20, 2009

Kinross Gold to buy stakes in Harry Winston and Diavik diamond mine for US$150 million

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Harry Winston Diamond Corp said that Kinross Gold Corp is taking a 9 percent indirect stake in the Diavik diamond mine and acquire a 19.9 percent stake in Harry Winston for US$150 million.

Under the deal, Kinross will subscribe for 15.2 million Harry Wilson treasury shares at US$3 each, and will pay just under US$105 million for a 22.5 percent holding in the partnership that controls Harry Winston's 40 percent interest in the Diavik diamond mine joint venture operated by Rio Tinto PLC.

Harry Winston said it will use the money to repay debt and for general corporate purposes, including the company’s share of the capital costs to complete the underground expansion of Diavik.

"We are acting on a rare opportunity to acquire a stake in one of the world's great diamond mines, operating in northern Canada, with a long mine life and a record of strong cash flows," Kinross president and CEO Tye Burt was cited as saying. "For Kinross, this represents a strategic investment that is accretive and has the potential to create excellent long-term value for our investors," he added.

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