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Paracatu

Project Stages

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Early Works
In Construction
Operation
Current Stage In production
Project Details

Description

Paracatu is a large-scale open pit mine located in Brazil's south-west and operated by Canadian mining company Kinross Gold. The company acquired a stake in the mine after merging with fellow miner TVX Gold in 2003 and, by the end of 2004, it had acquired the remaining 51% from multinational company Rio Tinto, to fully own the operation. Paracatu generates the most jobs in the municipality of the same name. The plant throughput is over 4.8Mt per month and during 2013 it produced more than 500,000oz of gold. It has proven and probable reserves of more than 10Moz of gold. In 2006, Kinross expanded the mine's milling facilities, increasing yearly production capacity to over 60Mt and extending the production life of the mine to 2030.

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Related Companies

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

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Key Specs

Full Name
Paracatu
Project Type
Gold, Open pit mining
Development Phase
In production
Project Status
Active
Project Capacity
500,000  oz/y (ounces per year)  Gold
 Open pit mining
Completion Date
1987
Lifespan
43
Location

The Paracatu gold mine is located next to the farming village of Paracatu, in the state of Minas Gerais, about 230km from Brasilia, Brazil’s capital city.

* The map coordinates provided represent the approximate latitude and longitude, and not the exact location, of the project in question.

 


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Owner / operator
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CFO
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CEO
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Purchasing Chief Brazil
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Junior Director
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Services Purchasing Chief, Brazil
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