Gold Fields Mining News

South Africa's Gold Fields FY profit slumps as production drops

Revenue dropped 7% to $2.58 billion in 2018 from $2.76 billion in 2017 due to the lower ounces sold.

Gold Fields plans mega solar power plant at Grannie Smith

Construction is to begin in May and be complete by Q4 2019.

Gold Fields dismisses AngloGold merger report

Bloomberg speculated two South African firms could combine to create 6 million ounce per year producer as merger fever grips the gold mining industry.

South African gold output has longest losing streak since 2012

Gold output in South Africa, once the world’s biggest producer of the metal, fell for a 14th straight month in November.

Gold Fields to restart production in South Africa as workers return

Workers downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce.

S. African minister unhappy with Gold Fields after job talks

Most workers at Gold Fields' struggling South Deep mine have been on strike since Nov. 2 over the company's plans to cut around 1,100 jobs, or 30% of its workforce.

Gold miner smuggles in workers by night to bypass strikers

Gold Fields is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2.

Striking workers block access to Gold Fields South Africa mine

The strike, involving more than 3,000 workers, started Friday afternoon to protest the gold miner’s plan to cut jobs.

Gold Fields workers to strike over planned 1,100 job cuts at South Deep

The National Union of Mineworkers (NUM), which represents around 80 percent of the employees at the mine, will down tools on Friday.

Mining at Gold Road and Gold Fields JV in Australia to start next month

Overall project engineering at the 270,000 ounce-a-year Guyere gold project, which is already more than A$100 million over its original budget of A$507 million, is now 96 percent complete

Gold Fields CEO asks for `more time' as investors get antsy

Shareholders getting impatient over the Gold Fields failure to stem losses at the huge South Deep deposit in South Africa shouldn’t lose hope.

Gold Fields boss says not resigning after S.Africa minister's rebuke

Gold Fields said this week it planned to cut 1,100 permanent jobs at the company's last South African asset, South Deep, sending its shares plummeting.

Gold Fields boss says South Deep lay-offs are ‘last-gasp measure’

Holland said the company has made every effort to avoid the drastic move, but said the choice was now between that and serious risk to the future of South Deep and its many stakeholders.

About 1,500 jobs to go at Gold Fields’ South Deep as part of restructuring

The struggling mine, Gold Fields’ only asset left in South Africa, holds the world’s largest gold deposit after Grasberg in Indonesia and accounts for 60% for the company’s mineral reserves.

Half of the Asanko gold mine in Ghana now belongs to Gold Fields

The mine is one of Ghana’s newest gold operations and it is located in the country’s Ashanti Region.

Asanko, Gold Fields $185 million-venture in Ghana gets the green light

Miners area are teaming up to develop one of Ghana’s newest gold mine, the Asanko Gold Mine (AGM), located in the Ashanti Region.

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 to set aside acquisitions, sees industry costs rising — CEO

The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.

S. Africa gold miners, workers reach settlement in historic silicosis case

The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .

S.Africa gold miners to sign silicosis lawsuit settlement this week

Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.

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.

Gold Fields to make decision on Chile gold mine next year

Salares Norte production to begin around 2021 and quickly achieve target output of 345,000 ounces of gold a year.

Canada’s Asanko, South Africa’s Gold Fields team up in $185m Ghana JV

Companies are teaming up to develop one of the country’s newest gold mine, the Asanko Gold Mine (AGM).

Ghanaian government wants to mediate between Gold Fields and its workers

The Minister of Lands and Natural Resources announced that he has agreed to sign a Memorandum of Understanding with protesting workers.

The world's top 10 largest gold mining companies – 2017

Rough year shuffles ranks of global gold mining giants as Freeport makes a comeback – 2018 forecasts point to another tumultuous year.