Gold Fields evaluates future of its copper-gold project in Kyrgyzstan
Gold Fields (JSE, NYSE, NASDAQ Dubai: GFI), the miner that spun off South African assets, said Friday it has appointed investment banking group Jefferies International as exclusive financial adviser in the review of “potential strategic alternatives” for the Talas project in Kyrgyzstan.
The copper and gold project, which was attacked by armed horsemen in 2011, became a Gold Fields 100% owned endeavour last year, after the firm bought the remaining 40% interest from Orsu Metals for $10 million.
The project review will consider options to boost shareholder value, without necessarily resulting in a transaction, the company said.
Image Shutterstock/ Aleksandar Mijatovic