View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
January 25, 2021

Gold Fields begins construction on Salares Norte mine in Chile

South African miner Gold Fields has formally commenced construction of the mining infrastructure at the $860m Salares Norte open-pit gold mine in northern Chile.

South African miner Gold Fields has formally commenced construction of the mining infrastructure at the $860m Salares Norte open-pit gold mine in northern Chile.

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

The company started pre-stripping of the gold-silver project as well as the construction of the process plant this month.

Construction work on the project is planned to be completed in late 2022, with production planned to start in early 2023.

Once commissioned, the mine will have the capacity to process two million tonnes of ore annually to produce doré gold.

Gold Fields said it has completed nearly 15% of the construction work including the mining camp for accommodating 1,800 people, associated infrastructure, and access roads.

Gold Fields CEO Nick Holland said the firm maintained mine construction schedule despite challenges regarding the safety of its employees and contractors from the Covid-19 pandemic.

Holland said: “The early actions taken in response to the pandemic and our people’s commitment enabled us to navigate the challenges of this unprecedented and highly complex situation and remain on track with the production schedule.”

The Salares Norte project is expected to create nearly 2,700 construction jobs during its peak stage.

Once the mine enters the operational phase, Gold Fields expects to employ around 900 employees and contractors.

Salares Norte project director Max Combes said: “A project like Salares Norte generates a very valuable productive chain in the industry and significant economic opportunities in the region.”

“The project seeks to employ sustainable technologies that reduce its environmental footprint. These include solar PV power and filtered tailings to optimise water use.”

It is situated at a distance of approximately 190km from Diego de Almagro within a core 1,800ha concession area.

Last year, Gold Fields awarded a contract to Fluor to provide engineering, procurement and construction (EPC) management services for the Salares Norte project.

Related Companies

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology