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The article reports that the South African gold mining company Gold Field Ltd. has announced its plans for a combined total of more than 600 million dollars in capital commitments in Peru and Venezuela. In Peru, the company is moving with the development of its 277 million dollar Cerro Corona gold-copper project where there is an expected production of about 2.3 million ounces of gold and 412,00 metric tons of copper over 15-year mine duration. Meanwhile in Venezuela, the company has agreed to the acquisition of the company Bolivar Gold Corp. and its Choco 10 open-pit gold mine for a 300 million dollar cash consideration.

This article reports that Gold Reserve Corp. has selected SNC-Lavalin Engineers & Constructors Inc. and its affiliate, SNC-Lavalin International Inc., to undertake engineering, procurement, and construction management for Gold Reserve's Brisas gold-copper project in southeastern Venezuela. The Brisas operating plan anticipates processing ore at 70,000 mt/d, yielding an average annual production of 486,000 oz. of gold and 63 million lb. of copper.