Gold major’s mechanisation strategy set to ‘engineer out the risk’ at South African operations

A key strategy of South Africa-based miner Gold Fields going forward will be the de-risking of mining operations through a comprehensive mechanisation approach at local operations that aims to dramatically shrink the number of workers operating in...

Company Announcement: Nemex Resources provides Guinea Update

Iron ore-focused explorer Nemex Resources Limited has been conducting field mapping over its Coastal Project, western Guinea in preparation for drilling in December when the tropical rains end.

Offshore facility, cash fund Gold Fields’ $667m Iamgold deal

JSE-listed Gold Fields is likely to use an offshore dollar facility and cash to buy out Iamgold’s minority shareholding in two of the West African gold mines that it already operates. Gold Fields on Friday agreed to buy Iamgold's 18,9% minority...

Gold Fields’ extreme makeover to achieve 20% margin irrespective of gold price

JSE-listed gold major Gold Fields will be re-engineering its operations in order to achieve a minimum 20% profit margin after all operational and capital expenditure, says Gold Fields CEO Nick Holland.

Gold Fields, which is chasing a...

Gold Fields wants 20% margin irrespective of gold price

JSE-listed gold major Gold Fields would be re-engineering its operations in order to achieve a minimum 20% profit margin across the group after all operational and capital expenditure, Gold Fields CEO Nick Holland said on Thursday. Gold Fields,...

West Africa: One of world’s fastest-growing mining investment destinations

Many of the member states of the West African region, seen to be one of the world’s fastest-growing mining investment destinations, have harmonised their mining codes.

By and large, the regulatory framework for the mining industry among the...

Mining code harmony boosts West Africa as mining destination

The harmonisation of many of the mining codes of West African states and the subsequent spirit cross-border infrastructural cooperation is boosting the region as a mining investment destination, Mining Weekly Online can report. By and large, the...

Million West African ounces a year in five years – Gold Fields

The vision of Gold Fields is to be producing one-million ounces of gold a year in West Africa in five years, says executive West Africa vice-president Peter Turner. Turner says that Gold Fields needs one additional mine to come into production to...

New Mali mine project in 3 years – Gold Fields

A new gold-mine project in Mali is likely in the next three years, Gold Fields executive VP West Africa Peter Turner said on Tuesday. Turner told Mining Weekly Online during a media visit that exploration in the Yanfolila belt pointed to an...

Mali’s Yanfolila is Gold Fields’ new emerging gold district

The under-explored gold-rich Yanfolila belt in Mali is Gold Fields new West African focus, says Gold Fields West Africa head Peter Turner.

Turner tells Mining Weekly that the Yanfolila - which is part of a greater gold area that hosts mines...

Mali is Gold Fields ‘new frontier' – Turner

Mali is Gold Fields "new frontier", says Gold Fields West Africa head Peter Turner. The company's focus area is the prospective Yanfolila belt: "It's an underexplored, gold-rich part of south-west Mali and holds a great deal of prospectivity for...

THE TEAM’S IN PLACE

Pensive Gold Fields CEO Nick Holland, closest to the camera, had his new full team in place at the presentation of fourth-quarter and 2009 financial year results, at which a capital expenditure programme of R8,5-billion for the financial year to...