SANTIAGO, Chile, Dec. 19, 2019 /PRNewswire/ -- Gold Fields Limited
(Gold Fields) (JSE: GFI) (NYSE: GFI) is pleased to announce that
the Atacama Environmental Assessment Commission today approved the
environmental impact study for its Salares Norte project in
Chile.
The environmental approval for the project is a crucial step for
Gold Fields as it evaluates a construction decision. "The company
will now formulate a funding plan, update the feasibility study
completed earlier this year and proceed to a construction decision
during H1 2020," says Nick Holland,
CEO of Gold Fields.
The potential mine would present a boost for the regional
economy with respect to job creation, procurement of goods and
services as well as payments of taxes and royalties. It is
estimated that about 2,700 jobs would be created during
construction of the mine, which – if given the go-ahead by Gold
Fields – would be completed by end-2022. About 900 workers would be
employed once the mine is operational.
Operational parameters for Salares Norte
The Salares Norte project is located in the Diego de Almagro
municipality in the Atacama Region in northern Chile, at between 3,900m and 4,700m
above sea level.
Key findings of the feasibility study, announced in February 2019, were:
- Capital cost of US$834m for
construction
- A maiden Mineral Reserve of 3.5Moz of gold and 39Moz of silver
was declared in December 2018. The
gold-equivalent Mineral Reserve is 4.0Moz.
- Initial 12-year life-of-mine
- Annual throughput of 2Mt of ore
- Life-of-mine production of 3.7Moz gold-equivalent
- Average annual production of 450koz gold equivalent for the
first seven years at AISC of US$465/oz
Notes to editors
About Gold
Fields
Gold Fields Limited is a globally diversified gold producer with
nine operating mines (including our Asanko Joint Venture) and one
project in Australia, Chile, Ghana,
Peru and South Africa, with total attributable annual
gold-equivalent production of approximately 2Moz. It has
attributable gold Mineral Reserves of around 48.1Moz and gold
Mineral Resources of around 96.6Moz. Attributable copper Mineral
Reserves total 691 million pounds and Mineral Resources 4,816
million pounds. Gold Fields has a primary listing on the
Johannesburg Stock Exchange (JSE) Limited, with secondary listings
on the New York Stock Exchange (NYSE).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
Enquiries
Investors
Avishkar Nagaser
Tel: +27-11-562-9775
Mobile: +27-82-312-8692
Email : Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27-11-562-9849
Mobile: +27-72-493-5170
Email: Thomas.Mengel@goldfields.com
Media
Group - Sven Lunsche
Tel: +27-11-562-9763
Mobile: +27-83-260-9279
Email : Sven.Lunsche@goldfields.com
Chile – Constanza Pantaleon
Tel: + 56-2-2352-6417
Mobile: +56-9-9318-2013
Email: Constanza.Pantaleon@goldfields.com
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SOURCE Gold Fields Limited