Gold Fields plans to invest $800 million to operate Cerro Corona mining project

The company Gold Fields, fourth producer of gold in the world, plans to invest 800 million dollars in the exploitation of minerals of the deposit found in the project Cerro Corona, located in Cajamarca region, reported today its executive vice-president for South America, Juan Luis Kruger. Kruger indicated that the company has already invested 550 million dollars in the mentioned project and that it is in the final stage of the mining plant setting up.

"On August 10 the plant started producing as a test, minerals concentrates and, from this weekend, we will begin to produce the lot of minerals that we will export to the refineries that we have abroad ", he indicated.

In addition, Kruger pointed out that the first consignment of golden and copper concentrates will depart from Salaverry's port in La Libertad to international markets in the month of September.

Cerro Corona project is located ten kilometers northwest of the town of Hualgayoc, 30 kilometres southwest of Bambamarca (provincial capital) and 90 kilometers away from Cajamarca city, the capital of the department.

Publication: Andina - English Newswire
Provider: Andina
Date: August 13, 2008

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