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Kinross Gold suspending Russian mining operations amid Ukraine invasion
By Niall McGee
The Globe and Mail, Toronto
Thursday, March 3, 2022
Kinross Gold Corp. is suspending its mining operations and all development work in Russia's far east, amid the country's continuing military incursion into Ukraine.
Last year Russia accounted for 23% of Kinross' production, and the Kupol mine complex was its most profitable operation, generating US$443-million in income.
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In a statement Wednesday the company said it made the decision to suspend operations after considering "the safety and well-being of its more than 2,000 employees, and in recognition of its legal obligations to manage and mitigate the mine's environmental impact on an ongoing basis."
Kinross added that it will adhere to all sanctions and legal restrictions "that have, or will be, announced by relevant governments." ...
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