Luis Rivera, Gold Fields EVP for the Americas region

EVP of Gold Fields in Peru, Luis Rivera: The strategy to extend Cerro Corona Life of Mine to 2040

Internal news |

Monday, 13 August 2018 |

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Gold Fields’ Executive Vice-President for the Americas regions, Luis Rivera, detailed the company's plan to extend the life of the Cerro Corona mine in a recent interview with the ProActivo website. Rivera explained that life-extension growth of Cerro Corona was impeded by the lack of space to deposit tailings waste at the mine.

"We did a detailed study and came up with a solution - to deposit the tailings in the mine’s open pit. The pit itself will be an eventual environmental liability, as it has to be filled and rehabilitated before we can close the mine. Two environmental liabilities – the tailings and the pits – have become assets to give the mine longer life,” Rivera said.

Without this solution Gold Fields would have had to start closing Cerro Corona from 2019 onwards. “This would have meant the loss of over 2,000 jobs and the loss of income for the town, the region and the country. Now Cerro Corona has a scheduled life until 2030,” added Rivera, who is also the President of the Institute of Mining Engineers of Peru (IIMP).

He revealed that a dedicated team is currently working on scenarios to extend the life of Cerro Corona even further, possibly to 2040 and beyond.

For the full Spanish interview click here:

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