Gold Fields aims to cut debt by $300-m over two years

Gold Fields Ltd aims to cut its debt by $300 million over the next two years, it said on Thursday, a move that would give South Africa’s No.2 bullion miner ample headroom for potential acquisitions.

Gold Fields sells its 51% stake in Peru’s Chucapaca project

Today’s Gold Fields announcement on the sale of its 51% slice of the Chucapaca project in Peru comes as no surprise. It takes the group another step closer to achieving its stated policy of total divestment from a one-time global portfolio of 23 greenfield exploration projects – of which only a handful now remain. Instead, … Read more

Gold Fields Guidance Update – Q2 2014

SAPA PR WIRE SERVICE Johannesburg, 9 July 2014: Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that attributable gold equivalent production for the Group, for the June 2014 quarter (Q2 2014), is expected to be approximately 547,000 gold equivalent ounces. All-in sustaining costs (AISC) and all-in costs (AIC) are expected to … Read more

Wealth creation: The investment case for Africa

Here’s an article that will put you in a great spending mood for 2014: fortunes are looking up for many businesses around Africa, with abundant opportunities for investors. Investment expert Mike Browne of Seed Investments highlights some major trends that could turbo-charge revenues for companies servicing the growing middle classes beyond South Africa’s borders. Mike … Read more

cyril ramaphosa

Cyril’s Mensis Horibilis

cyril ramaphosa

Ramaphosa’s Mensis Horibilis isn’t getting any better

You have to feel for Cyril Ramaphosa. Until Lonmin hosted the spectacular explosion of the festering sore that is mining labour relations, he seemed blissfully unaware of a nasty human trait called envy. Allowing his mind to drift to a thought that his time at the top was coming. The Presidency of South Africa. One day not too far away.

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