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A Cat 7495 electric rope shovel originally built in 2012 is being shipped to Kinross Gold's Paracatu gold mine in Minas Gerais, Brazil, with the ballast box and revolving frame leaving Green Valley, Arizona.
Wood is providing engineering, procurement and construction management services to Kinross Gold Corporation for the Phase Two expansion of the Tasiast gold mine in Mauritania. Commercial production is expected in Q3 2020.
Goldcorp and Barrick Gold agreed to consolidate the Cerro Casale and Caspiche gold projects in Chile into a 50/50 joint venture. Goldcorp will acquire Kinross's 25% interest in Cerro Casale for $260 million cash and other considerations, and acquire Exeter Resource Corporation for ~$185 million in shares.