Cerro Corona: Promoting ‘holistic’ local development
Gold Fields has deliberately developed its Cerro Corona mine in Peru as a ‘showcase’ for a holistic approach to
sustainable mine development.
This approach is based on three interrelated axes – social, economic and environmental – and focuses on the
often close relationship between these areas, as well as the need to adopt an ‘integrated’ approach towards their
management. In addition, it is underpinned by the concept that building on existing community ‘capital’ is the best
means of driving truly sustainable and long-lasting development. See figure below for examples
of projects that Gold Fields has supported as part of this approach.
To date, Gold Fields sustainable management of Cerro Corona has delivered a range of direct and indirect
socio-economic and environmental benefits:
- A total of US$1.4 million has been invested in health and education projects in local communities from
2008 to 2010
- More than US$1 million has been invested in a rural electrification project, which is expected to benefit
over 5,000 people
- More than US$100 million has been awarded in contracts to community-based companies (until end
- A total of 523 workers are employed directly by the mine or by contractors (exceeding Gold Fields
original commitment to generate 150 employment positions)
- A total of 99.4% of employees are nationals and approximately 34% are from local communities
- A total of US$24 million has been paid in salaries to local communities from 2008 to 2010
- Reforestation projects have contributed to a ten-fold increase in initial forest coverage
- Effective water management, including use of a closed water circuit, means the mine only uses 1/6th of
its licence allowance
These impacts are in addition to US$39 million paid in Canon (tax) in 2010.
Gold Fields is delivering significant benefits to local stakeholders – as well as strengthening its social licence to
operate – through the application of a similar integrated development approach at its Far Southeast gold-copper
project in the Philippines. Gold Fields is also modelling its approach at the Chucapaca advanced stage
exploration project (also in Peru) on the one applied at Cerro Corona.