Skills shortage delays Gold Fields Chilean project
Estimated capital cost rises to $985m from an initial projection of $860m
23 February 2023 - 12:04
The Gold Fields share price fell more than 3% on Thursday after the miner said its multibillion rand greenfield Salares Norte project in Chile faces a three-month delay due to skills shortages affecting the main contractor.
The mining group said delays resulted in extra expenses being capitalised with the project now estimated to cost $985m in total capital expenditure from the initial projection of $860m, partly as a result of cost inflation...
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