Goldfields Mining News

How South African mines cope with power cuts

The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.

Gold Fields plans to extend life of Peru mine through 2040

South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.

South Africa's Gold Fields says KPMG still external auditors

KPMG cleared out its South African leadership last Friday after it found that work it did for firms owned by the Gupta family, businessmen friends of President Jacob Zuma, "fell considerably short" of its standards.

Brexit double whammy great for these gold miners

Moody's says AngloGold Ashanti, Gold Fields will start spewing cash as gold price rise and currency falls combine – for Anglogold it's an extra $20m a month.

How three geologists discovered copper, diamond and gold deposits

"She’s the only woman I know who found the diamonds she wears."

Gold stocks slaughtered, Barrick drops 10%

The world's number one gold miner led a sell-off on Thursday after announcing a stock sale to pay down debt at a deep discount.

Gold miners not over the hump yet—report

Whether there is more pain in store for the main gold players will be known next week, when third-quarter results start rolling out.

Gold Fields Q3 production up 3 pct

Gold Fields posted a 3% rise in third quarter gold production on Wednesday, as the world's fourth-largest gold miner overcame a strike that halted output for five days in July.

Gold Fields says Peru tax in line with industry preference

Gold Fields Ltd. (GFI), Africa’s second- biggest gold producer, said Peru’s decision to base a new mining windfall tax on operating profit rather than revenue meets companies’ expectations.