Posted AT 8:10 PM EST on 24/07/08
Kinross makes move on Ecuador
In a nervy bid to secure one of the world's largest untapped gold deposits, Kinross Gold Corp. is leaping into politically risky Ecuador with a $1.2-billion offer for Aurelian Resources Inc.
The proposed all-stock deal amounts to an audacious bet that the South American country will reverse course and embrace foreign investment in its fledgling mining industry.
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