🔒 Gold Fields looks to Toyota for profit-boosting inspiration
Gold Fields was burning cash almost every year at their only facility in South Africa until it started looking at Toyota for inspiration.
South Deep mine
Gold Fields CEO Chris Griffith to shareholders – Hang in there; Mr Market’s reaction to $6.7bn Yamana deal is all wrong
Shareholders were unimpressed by the proposed $6.7bn price that SA’s Gold Fields has agreed to pay for Canadian peer Yamana Gold.
Swapping Gold for Platinum – Nico Muller new Implats CEO
Nico Muller will be leaving Gold Fields to take up the position of chief executive officer of Impala Platinum on April 3 2017.
David Melvill: Ugly duckling turned swan – Sibanye trumps Gold Fields
Top financial advisor David Melvill is crunching numbers again, and this time he’s comparing the returns of Gold Fields and Sibanye Gold.
Gold Fields stock plunges 24%, most since 1985. Swings to 4Q loss.
Gold Fields fell the most on record after saying production for 2016 will decline and leave the company relying on its South Deep operation.
Gold Fields: Technology the White Knight, reverse setting sun (Jobs?)
Gold producers must revolutionize their mining methods, become more tech-savvy and increase the use of automated machinery, says Gold Fields CEO Nick Holland.
US regulator gives Gold Fields $210m BEE deal green light
Gold Fields said the foreign anti-corruption unit of a US financial markets regulator had recommended that no further action be taken against it following an investigation into a $210-million black empowerment deal.
Miners’ living conditions “inhumane” says Cyril Ramaphosa
The Marikana tragedy, and the circumstances surrounding it, will no doubt feature on the sidelines, and in some of the formal sessions, of the 2014 Mining Lekgotla currently under way in Johannesburg. And the focus of discussion and debate – particularly in the sessions on future mining policy; transformation; mining community development; and industrial relations … Read more
Gold Fields says licence not at risk
JOHANNESBURG (Reuters) – South African gold producer Gold Fields said on Monday it had received a letter from the government expressing concern about its social and labour plans but did not think the licence at its flagship South Deep mine was in jeopardy. “I can confirm that we received a letter from DMR (department of mineral resources) … Read more
Goldfields vs Sibanye – which is the better business?
The folks at RECM are hard core value investors, so it’s always interesting to hear their take on the respective merits of different businesses. Goldfields and Sibanye are both gold miners, and indeed, Sibanye is an offspring of Goldfields, which spun the Sibanye assets back in 2012. But there are a lot of important differences … Read more