Tag Archives: Gold Fields

South Africa: economic shock the fault of poorly managed labour relations

November 8, 2012 by benim

By Madeline R. Young The South African economy has recently taken a major blow due to a much-reported epidemic of labour disputes in the mining industry. Approximately 50,000 mine workers have gone on strike across companies, with violent clashes leading … read more »

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Five miners die at Gold Fields mine in South Africa

July 1, 2012 by IndepthAfrica

Five miners died from smoke inhalation at a Gold Fields mine in South Africa on Saturday as they worked underground, the company said on Sunday. The deaths are a setback for the government and the industry as they try to … read more »

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Gold Fields says Ghana mine tax hikes “deep concern”

December 5, 2011 by IndepthAfrica

  Gold Fields chief executive Nick Holland said on Monday he was concerned about Ghana’s move to increase corporate taxes on the mining sector to 35 percent from 25 percent. “It is a source of deep concern to us,” Holland … read more »

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AngloGold Q2 earnings up, beat consensus

August 4, 2011 by benim

Africa’s biggest gold miner AngloGold Ashanti posted second-quarter earnings Thursday that beat expectations as it managed to contain costs and reap the benefits of a surging gold price. But it dropped its production target for 2011 to 4.45 million ounces … read more »

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Striking S.Africa gold miners resume talks Tuesday

August 2, 2011 by benim

South African gold mine workers and producers were to resume wage talks on Tuesday aimed at ending a strike that is costing the companies up to $25 million a day in lost output at a time when the precious metal … read more »

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South African rand weakens, gold miners lead stocks lower

January 25, 2011 by benim

The South African rand weakened against the dollar on Tuesday after an overnight rally failed to gain momentum, with the currency meeting resistance at 6.98. Stocks fell for the second day running, led by gold miners which were hit by … read more »

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