Gold Fields has announced that its wholly owned subsidiary, Gold Fields Orogen Holding BVI, has appointed Jefferies International as exclusive financial advisor to assist with a review of potential strategic alternatives in relation to the Talas Copper Gold project in Kyrgyzstan.The company explained that the strategic review will examine and consider opportunities available to the company with the objective of further enhancing shareholder value, adding that the strategic review will not necessarily result in any specific strategic or financial transaction and no timetable has been set for its completion. The Talas Copper Gold project (100% owned by Gold Fields) is situated in the Central Asian Orogenic Belt (CAOB) in Kyrgyzstan, which is widely recognised as the second largest gold province by endowment outside of the Witwatersrand.
The CAOB region is home to some of the world’s largest copper gold deposits, including Murantau (110 million ounces of gold-equivalent), Almalyk (80 million ounces of gold-equivalent) and Oyu Tolgoi (100 billion pounds of copper, 60 million ounces of gold).As of 31 December 2012, the Talas Copper Gold project contained mineral resources of 1.7 billion pounds of copper and 6.7 million ounces of gold. Gold Fields also owns three neighbouring prospecting licenses in the Tien Shan gold belt covering 32 150 hectares. Gold Fields said it would keep shareholders updated on the strategic review process and any material developments.