GoldfieldsChased away by Chavez's mining rules?
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Gold Fields in Venezuela:
OUTLOOK FOR 2007
Focus areas for F2007 include:
Advancing the integration of Choco 10 mine into Gold Fields
Targeting the plant name plate capacity of 1.8 million tons per annum
Completing the plant recapitalisation by calendar 2006 year-end
Driving an exploration programme to increase resources and reserves
Advancing a plant expansion feasibility study
Minimising mining cost increases arising from grade control drilling and higher input costs
Capital expenditure planned at US$27 million largely on the following projects:
US$11 million for exploration
US$7 million for mining equipment
US$6 million for the plant recapitalisation