Gold Fields Ltd. Mining News

Bell tolls for gold mine that once powered South African economy

Sibanye Gold Ltd. has decided that it won’t extend the life of Driefontein, once the biggest mine on the continent.

Gold street is where South Africa’s mining history goes to die

Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.

Gold Fields' quarterly output falls, South Deep woes rumble on

South African miner reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower.

Biggest Ghana mining union plans protests over gold fields jobs

Gold Fields Ltd.’s local unit to dismiss more than 2,000 staff as it starts the process of hiring a contractor to operate its biggest mine.

South Africa's Gold Fields says headline earnings to fall up to 12 pct

The miner flagged headline earnings per share of $0.23 to $0.26 per share for the year ended Dec. 31, 2017.

US regulator drops probe on Gold Fields’ South Deep BEE deal

The probe focused on a 2010 deal through which the company gave a 9% of its South Deep mine to a group of black investors in order to meet government’s regulations aimed to boost black ownership.

South African miners to tackle lung disease claims

They will look at compensation and medical care for workers with occupational lung disease or "silicosis."

South Africa’s gold miners look at mergers to stay afloat

Harmony Gold, Sibanye Gold Ltd., and AngloGold Ashanti named among the top candidates to consider deals.

Gold Fields seeks to buy producing mines to increase cash flow

Gold Fields Ltd. (GFI) seeks to buy mines already in production to boost cash flow, said the South African producer of the metal with operations from Australia to Peru.

Gold Fields faces SEC probe over black-ownership deal

Body is trying to determine whether the black economic empowerment (BEE) deal helped Gold Fields to secure its mining license for the South Deep operation.

Most South African gold miners return to work

Workers for four of the seven companies affected by the labour action had accepted a new pay offer, believed to be about 8%

Thousands of South African gold miners on strike

Shutdown in gold production costs the country more than US$34 million a day.

South Africa gold miners call strike starting next week

Gold sector workers to down tools from the nightshift of Sept. 3.

Peru halts Gold Fields Chucapaca gold project

Decision follows an inspection that showed the company did not have all the necessary land permits.

Gold Fields evaluates future of its copper-gold project in Kyrgyzstan

Project review will consider options to boost shareholder value, without necessarily resulting in a transaction, the company said.

Gold Fields declares a 14k oz loss as Ghana striking miners come back to work

Ghana now accounts for about 42% of the company's gold output.

Gold Fields chairwoman quits for politics

Mamphela Ramphele's resignation fuels local rumours indicating she is planning to create a new political party to challenge the ruling African National Congress (ANC).

South Africa’s Gold Fields output hurt by strikes

The company warned Monday it would report lower production figures for the October-December quarter, mainly due to the strikes that hit its South African operations last year.

Gold Fields spins off most troubled South African mines

South Africa’s Gold Fields (NYSE:GFI) the world’s 4th largest miner, announced Thursday it would spin off two of its more troubled operation into a new company, Sibanye Gold.

Gold Fields weighs alternatives for Peru’s Chucapaca mine

South African miner Gold Fields (NYSE, JSE:GFI) revealed its initial plan to develop a gold deposit into an open-pit mine in southern Peru isn't feasible.

SA mineral resources minister warns mining firms against retrenching workers

South African Mineral Resources Minister Susan Shabangu today warned mining companies against taking "unilateral action" and retrenching workers due to the costs of recent wage hikes for mining employees.

Anglo American Platinum offers bonus to bring back miners

South Africa’s Anglo American Platinum (Amplats), the world’s largest platinum producer, has offered to reinstate 12,000 miners fired in early October for illegally striking and pay them a $230) “hardship allowance” if they return to work by Tuesday morning.

South African unions sign deal with gold companies

The South African National Union of Mineworkers and two other unions signed Thursday a deal with industry body the Chamber of Mines (CoM), agreeing to a new pay structure for the strike-hit gold mining sector.

AngloGold Ashanti fires 12,000 South African striking miners

AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list of mining companies that have sacked workers in an effort to end crippling strikes.

Most Gold Fields miners back to work, but KDC East strikers face final ultimatum

Almost all the 15,000 Gold Fields Ltd. (NYSE, JSE:GFI) miners at risk of being fired for going on an illegal strike reported for duty, but striking workers at the company’s KDC East operations received a final ultimatum from the company Friday.