Bloomberg News

Gold Fields to Decide on Far Southeast Project Option in March

September 14, 2011

Sept. 14 (Bloomberg) -- Gold Fields Ltd. will decide on an option to buy 60 percent of the Far Southeast gold and copper project in the Philippines by March 20 next year, Gold Fields Philippines Corp. President Brett Mattison told reporters.

Far Southeast is a “very interesting project’ and will be ‘‘a substantial investment’’ for the company, said Mattison, who’s attending a mining conference in Manila. Gold Fields signed a year ago an option agreement to buy 60 percent of the undeveloped Far Southeast project for $340 million from Lepanto Consolidated Mining Co. and Liberty Express Assets.

To contact the reporter on this story: Ian Sayson in Manila at isayson@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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