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GOLD FIELDS
Gold Fields to spend R500m on hostels, building 780 houses
 
30th June 2008
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Gold-mining major Gold Fields would be spending R500m-million in the next four years to upgrade its hostels and build 780 houses for its employees, CEO Nick Holland said on Monday.

Holland said in opening new hostels at Gold Fields' Kloof gold mine near Carletonville that R170-million had already been committed or spent, "so we are about a third of the way there", he told Mining Weekly Online.

"I want to complete the remaining two thirds in a period of three years," he added.

Houses were being built for employees including artisans and rockdrillers, driven by the need to "dedensify" the hostels.

Previously hostels accommodated six people per room, but were now being upgraded to accommodate two per room with far better living conditions.

As a consequence of that deduction per room and the need to accommodate families, Gold Fields was building 780 houses,

"That is our commitment over the next four to five years," he said.

The 780 number appeared to be in line with needs for the moment, but that figure would have to be evaluated on an ongoing basis.

Mining Weekly Online was shown the first phase of the programme involving 192 new houses and demand would be assessed while these were being allocated.

 


Edited by: Creamer Media Reporter

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Gold Fields CEO Nick Holland spoke to Mining Weekly Online on the R500m the company will be spending up upgrading its hostels and houses. Video cameraperson: Danie De Beer. Video editing: Darlene Creamer. (02/07/08)
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Nick Holland
 

Nick Holland