{"id":10051,"date":"2012-04-19T04:20:54","date_gmt":"2012-04-19T02:20:54","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-1-gold-fields-increases-investment-in-peru-project\/"},"modified":"2012-04-19T04:20:54","modified_gmt":"2012-04-19T02:20:54","slug":"update-1-gold-fields-increases-investment-in-peru-project","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-gold-fields-increases-investment-in-peru-project\/","title":{"rendered":"UPDATE 1-Gold Fields increases investment in Peru project"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Chucapaca investment jumps to $1.2 bln from $750 mln<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Feasibility study at Chucapaca ready in second half 2012<\/p>\n<p><span><\/span><\/p>\n<p>* Gold Fields looks to start Chucapaca ops by end-2015<\/p>\n<p><span><\/span><\/p>\n<p>By Fabian Cambero<\/p>\n<p><span><\/span><\/p>\n<p>SANTIAGO, April 18 (Reuters) &#8211; South African miner Gold<br \/>\nFields, the world&#8217;s No. 4 gold producer, increased the<br \/>\ninitial investment for its Peruvian Chucapaca project to $1.2<br \/>\nbillion, the company&#8217;s vice president for South America told<br \/>\nReuters on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Initial investment at the Chucapaca gold project, which Gold<br \/>\nFields is developing with Peruvian top precious metals miner<br \/>\nBuenaventura , was previously reported at $750<br \/>\nmillion.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s a project that will require a substantial investment<br \/>\nof resources &#8230; $1.2 billion initially and then $300 to $400<br \/>\nmillion during the mine&#8217;s life to maintain operations,&#8221; company<br \/>\nVice President Juan Luis Kruger said.<\/p>\n<p><span><\/span><\/p>\n<p>Gold Fields expects to submit the environmental impact study<br \/>\nfor the gold project and to complete Chucapaca&#8217;s feasibility<br \/>\nstudy during the second half of 2012, he said.<\/p>\n<p><span><\/span><\/p>\n<p>Mineral resources at Chucapaca have increased to 7.6 million<br \/>\nounces of gold equivalent from a prior estimate of 5.6 million<br \/>\nounces of gold equivalent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Chucapaca investment jumps to $1.2 bln from $750 mln * Feasibility study at Chucapaca ready in second half 2012 * Gold Fields looks to start Chucapaca ops by end-2015 By Fabian Cambero SANTIAGO, April 18 (Reuters) &#8211; South African miner Gold Fields, the world&#8217;s No. 4 gold producer, increased the initial investment for its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10051","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10051"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10051\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}