• Gold Fields Turning Things Around, South Deep Risks Still

    Sep 03, 2014 · Gold Fields has done a good job of improving margins and divesting non-core assets. One of the biggest risks to investors remains the uncertainty surrounding Gold Fields' South Deep mine.

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  • South African miners keen to start generating their own power

    CAPE TOWN/JOHANNESBURG (Reuters) South African miner Gold Fields has wanted to build a solar plant at its South Deep gold mine outside Johannesburg for more than three years. But it is still waiting for ministerial approval and a licence from the regulator to build a large generating facility.

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  • Holland confident Gold Fields at "inflection point" as

    GOLD Fields reported a hefty decline in headline earnings for the year as costs ramped up, some of them related to its struggling South Deep mine in South Africa, whilst investment in new ounces leaned on the group's net debt which increased $300m to $1.6bn. However, Gold Fields CEO, Nick Holland, said the firm's 2019 []

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  • Gold Fields returns to profit and plans Ghana investment

    Aug 15, 2019 · While output at its South Deep mine in South Africa jumped in the second quarter, the company is a long way off from recouping its investment in the operation. Still, increasing production in Ghana and elsewhere means Gold Fields is slowly shedding its South African risk.

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  • Media Media Gold Fields

    Dual-listed Gold Fields achieved normalised profit from continuing operations of $27-million for the year ended December 31, 2018, compared with the $154-million posted for 2017. The company's profit was dented by a decline in output, led by its South Deep mine in South Africa.

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  • S. Africa gold industry fades as margin squeeze erodes

    Sep 09, 2015 · Barrick Gold Corp., the world's top producer, suffered a 22 percent plunge in profit that year and wrote down the value of its investments. Newer projects, such as Gold Fields's South Deep

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  • Mining safety The same old story Daily Maverick

    Jul 03, 2012 · Mining safety The same old story By Khadija Patel 3 July 2012 In 2011, for the first time in living memory, South Africa's mining sector recorded no "disaster" defined as a single

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  • 'Will I come back dead?' Human costs of South African gold

    'Will I come back dead?' Human costs of South African gold. chief executive officer of Gold Fields Ltd., which mines South Africa's biggest deposit of the metal. but its struggles to turn

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  • Does South Deep crisis close our eyes to the good in Gold

    Aug 19, 2018 · THE enigma concerning Gold Fields is this how come a group with roots going back a century in deep-level gold mining in South Africa can be so successful in surface mining operations in destinations like Ghana and Australia, but cannot get its South Deep operation right?. It's a question which analysts, fund managers and shareholders are asking as they get more and more frustrated

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  • Gold mining is far from dead in SA The Citizen

    Even in the face of such devastating problems, gold mining remains profitable, with the notable exception of Gold Fields, which is struggling to mine the troublesome South Deep ore body.

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  • Media Media Gold Fields

    Aug 15, 2019 · While output at its South Deep mine in South Africa jumped in the second quarter, the company is a long way off from recouping its investment in the operation. Still, increasing production in Ghana and elsewhere means Gold Fields is slowly shedding its South African risk.

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  • Gold Fields to restructure unprofitable mine in South Africa

    Aug 14, 2018 · Gold Fields Ltd (JSEGFI) announced on Tuesday the restructuring of its money-losing South Deep mine in South Africa that range from high operating costs to the need for extensive support. In a statement, Gold Fields said the mine has consistently failed to meet mining and production targets.

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  • Some SA mining companies are finally making money but

    13 days ago · In the past week, mining conglomerates Impala Platinum, Anglo American Platinum, and Gold Fields all reported major growth in profits. Impala Platinum said it expects gross profits to climb by 90% to R6 billion, and Gold Fields said its South Deep gold mine in Gauteng made an R220 million profit after nearly a decade of losses.

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  • 11 Southern Towns You're Forgetting About But Shouldn't

    Nov 08, 2017 · In the corner of South Carolina, this town has a really beautiful River Walk, a fun downtown area (eat at Grill Mark's for burgers and the like or hit up the coffee/ice cream shop, Spill the ) and a minor league baseball stadium modeled after Fenway Park that's worth a visit in its own right (bonus tickets are super cheap).

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  • Gold Fields earnings rise as low-cost mines boost output

    Aug 21, 2014 · South African bullion producer Gold Fields reported a 20 percent rise in quarterly profit on Thursday despite a fall in prices and production as output increased at its lower-cost mines. Delays at South Deep, a mechanised operation where a team of Australian engineers has

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  • Mining industry of South Africa Wikipedia

    Diamond and gold production are now well down from their peaks, though South Africa is still number 5 in gold but remains a cornucopia of mineral riches. It is the world's largest producer of chrome, manganese, platinum, vanadium and vermiculite. It is the second largest producer of ilmenite, palladium, rutile and zirconium.

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  • Gold Fields says South Africa mine turnaround opens way

    Gold Fields said the turnaround of South Deep opens the way for the company to do a deal at its last South African mine. The company would consider different "corporate structures" for South

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  • Gold Fields nails colours to SA saying it has no plans to

    GOLD Fields CEO, Nick Holland, nailed his company's colours to the South African mast, at least for the time being, telling media and analysts today there were no plans to switch to a primary offshore listing and that South Deep was a core asset for now. Asked about whether the

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  • 'Will I come back dead?' Human costs of South African gold

    Sep 10, 2018 · Gold Fields and AngloGold Ashanti Ltd., the world's third-largest bullion producer, have whittled down their operations in South Africa and are investing in ramping up output in West Africa

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  • Deep level gold mining in the long-term future beyond

    Feb 27, 2019 · Gold Fields Buy "Gold Fields remains our most preferred stock, despite yet another most recent setback at South Deep. Even if it never gets South Deep right, it is not big enough to sink the balance sheet. "A resolution (fix or sell) on South Deep could see the stock re-rate.

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  • NUM strikers expected back at South Deep IOL Business

    Dec 13, 2018 · NUM strikers expected back at South Deep Companies / 13 December 2018, 1130am / Dineo Faku A Gold Fields executive said an internal petition showed the majority of South Deep employees wanted to

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  • 'Will I come back dead?' the human costs of South Africa's

    Gold Fields has reported no fatalities this year, but its struggles to turn around its unprofitable South Deep deposit mirror some of the challenges facing South Africa. The company's plan to end monthly losses of R100m involves more than 1 500 jobs cuts. That has drawn a hostile reaction from a government facing a 27% unemployment rate.

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  • Gold Fields says South Africa mine turnaround opens way

    Nov 12, 2019 · G old Fields Ltd. said the turnaround of South Deep opens the way for the company to do a deal at its last South African mine.. The company would consider different "corporate structures" for South Deep, after it returned to profit in 2019 following more than 10 years of losses, according to Chief Executive Officer Nick Holland.

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  • Gold Fields unveils R11.6bn Chile mine project

    Gold Fields has unveiled its plans for a R11.6bn mining project in Chile, the company's first such greenfields project in more than a decade, but details of how it would be funded remained vague.

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  • Gold Fields +4% despite 25% drop in H1 profit Gold

    Aug 17, 2017 · Gold Fields (NYSEGFI)+4% premarket despite reporting much lower H1 earnings compared to a year ago, as the South African miner maintains its

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  • Gold Fields in $2.5bn South Deep deal Financial Times

    Sep 11, 2006 · Gold Fields has announced a $2.5bn cash-and-shares deal to acquire control of South Deep, one of the world's biggest gold mines, from Canada's Barrick Gold and other shareholders.

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  • Gold Fields displays 'green' energy installation ahead of

    The contribution from the company's only remaining South African mine, 222 000 oz at an AIC of $ 1 259/oz, was the worst of all regions, but still profitable. South Deep in Gauteng fared well

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  • Gold Fields Limited (GOLI.SW) Yahoo Finance

    Gold Fields Shuns South Africa Exit on South Deep Turnaround mine in the country returned to profit last year.The South Deep operation generated $15 million of net cash in 2019 after a decade

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  • Govt-mining cooperation at regional level very good Gold

    JOHANNESBURG (miningweekly) The cooperation between the government and mines at regional level is very good, but where it falls down is at national level, Gold Fields CEO Nick Holland said on Thursday.. Responding to Mining Weekly during a media roundtable at the JSE, Holland said that at the national level, there was unfortunately still the mining charter and ownership dispute.

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  • Gold Fields South Deep strike in day four with arson

    Nov 06, 2018 · A STRIKE at the premises of Gold Fields' South Deep gold mine, west of Johannesburg, is set to move into its fifth day tomorrow (November 7) by which time some 2,800 ounces of gold will have been lost, equal to nearly R50m in revenue. The strike was called by

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  • South African mine deaths rise after years of improving

    Aug 31, 2016 · That is a huge initiative and in fact has cost a lot of money but there is no problem with that," he said. In 2014, Gold Fields' CEO Nick Holland shut most of the South Deep mine for three

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  • Gold Fields Technology the White Knight, reverse setting

    Read also Gold Fields is a gold mine Company can spend up to $500 mln on working mines. Gold Fields, based in Johannesburg, is employing more modern techniques at its South Deep gold mine in South Africa, Holland said. South Deep has struggled to

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