Kinross Gold settles US charges related to bribe prevention in Africa

The US Securities and Exchange Commission said Canadian mining company Kinross Gold Corp agreed to pay $950 000 to settle civil charges that it failed to ensure its payments in Africa were not being used to bribe government officials. The SEC said in a statement Monday the company did little to verify payments to politically connected consultants and vendors - often made in cash - in Ghana and Mauritania were being used for their stated purpose.