Gold Fields

By benim
In Article
Nov 8th, 2012
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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 to injuries and deaths, as well as billions of...
By IndepthAfrica
In News
Jul 1st, 2012
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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 improve safety and reduce fatalities in South Africa’s mines, which are th...
By IndepthAfrica
In
Dec 5th, 2011
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  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 said in a presentation to analysts. In 2010 about 20 per...
By benim
In
Aug 4th, 2011
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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 from an initial range of 4.55 to 4.75 m...
By benim
In News
Aug 2nd, 2011
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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 is fetching record high prices. National Union of Mineworkers (NUM) spokesman Lesiba Sesho...
By benim
In
Jan 25th, 2011
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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 a drop in the gold price to near three-month lows. News that the U...