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Sibanye Gold begins intensive search for appropriate mining technology

By: Martin Creamer Gold-mining company Sibanye Gold has begun an intensive search for appropriate technology to make the work of mining safer, easier and more productive. The JSE- and NYSE-listed company has mandated highly experienced mining operational executive and mechanical engineer Peter Turner to drive what... 

New significant ironstone discoveries confirmed at Télimélé

By: Natalie Greve ASX-listed Nemex Resources has intersected new ironstone mineralisation, similar to that at the Boulere resource area, through reconnaissance drilling across large parts of its flagship Télimélé iron project, in west Guinea. The drilling results, which followed a successful concept study that... 

Study confirms Guinea project viability - Nemex

By: Esmarie Swanepoel A concept study by ASX-listed Nemex Resources on its Télimélé iron project, in Guinea, has confirmed the economic viability of the project. “We are delighted with the results of the concept study, that suggests that Nemex could develop a profitable iron-ore operation using existing... 

Business outlines economic, jobs risks of further power price shocks 

By: Terence Creamer The electricity price increases being sought by Eskom would cause serious economic damage at a time when South Africa’s immediate growth outlook was already weak and could bring a number of key foreign-exchange generating sectors to the brink of survival, business representatives warned the... 

Nemex declares maiden resource for Guinea iron project

By: Esmarie Swanepoel ASX-listed junior Nemex Resources has declared a maiden inferred resource of 258-million tons at its Telimele iron project, in Guinea. The maiden resource included some 16.8-million tons, at 55.1% iron of potential direct shopping ore (DSO), which Nemex said would require simple crushing and... 

Sibanye has potential to be great South African gold-mining story – Sello Moloko

By: Martin Creamer The new Sibanye Gold has huge potential as a company and its unbundling out of Gold Fields is positive for South Africa, says the company’s nonexecutive chairperson Sello Moloko. The two main gold assets of Sibanye Gold – which is to be listed in Johannesburg and New York separately of Gold... 

Gold Fields unbundles deep, narrow-reef gold mines into Sibanye

By: Martin Creamer Gold major Gold Fields is unbundling its deep narrow-vein Kloof Driefontein Complex (KDC) and Beatrix narrow-reef underground mines into a new all-South African gold-mining company Sibanye Gold, which will be listed on the JSE and NYSE in February. Neal Froneman, who is to quit as CEO of Gold... 

Gold Fields gets interdict against illegal KDC West strike

By: Megan Wait South African miner Gold Fields has received an interdict from the Labour Court against the illegal strike by about 400 employees at the West section of its KDC mine, which had prevented some 14 000 workers from reporting for duty on Sunday night. Spokesperson Sven Lunsche told Mining Weekly... 

Strike continues at Gold Fields KDC East mine

By: Megan Wait JSE-listed Gold Fields CEO Nick Holland has called for bold leadership from all stakeholders as the illegal strike at its KDC East mine continued on Monday. The 12 000-strong strike, which started with the night shift on August 29, had so far cost Gold Fields three night shifts and two-day... 

Illegal strike hits Gold Fields KDC mine

By: Megan Wait About 12 000 employees of the East section of the KDC on South Africa’s West Rand have downed tools in an “unlawful and unprotected strike”, JSE-listed mining group Gold Fields said on Friday. To date, two night shifts and two-day shifts had been lost. Gold Fields South Africa executive VP... 

Gold Fields mine remains closed after deadly fire 

By: Megan Wait The fire that killed five workers at South African miner Gold Fields’ KDC West mine, near Merafong, has been contained, but continued to burn on Monday afternoon, spokesperson Sharda Naidoo said. The deadly fire broke out at 4 Shaft (Ya-Rona) on Saturday night. 

Five die in Gold Fields KDC West mine fire 

By: Esmarie Swanepoel Five people have been killed at South African miner Gold Fields' KDC West mine, near Merafong, when a fire broke out at the mine on Saturday night. The miner said in a statement that a further 14 people had been admitted to hospital for observation. Three of these employees have already been... 

Company Announcement: Gold Fields Funds new Clinic on The West Rand

Gold Fields Limited is pleased to announce that it has completed the construction of a healthcare facility that will operate as a public private partnership between its KDC East mine, the Westonaria Municipality and the Gauteng Department of Health 

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

By: Natalie Greve 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 high-risk underground zones. 

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

By: Martin Creamer 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 stake in the Tarkwa and Damang mines in Ghana for... 

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

By: Martin Creamer 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 production target of 3,8-million ounces of gold a year,... 

Gold Fields wants 20% margin irrespective of gold price

By: Martin Creamer 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, which is chasing a production target of 3,8-million... 

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

By: Martin Creamer 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 members of the Economic Community of West African... 

Mining code harmony boosts West Africa as mining destination

By: Martin Creamer 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 regulatory framework for the mining industry among... 

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

By: Martin Creamer 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 attain the target. He believes that fast-growing... 

New Mali mine project in 3 years – Gold Fields 

By: Martin Creamer 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 eventual "very significant" operation. 

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

By: Martin Creamer 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 like Sadiola, Morila, Loulo, Syama and Siguiri - has... 

Mali is Gold Fields ‘new frontier' – Turner

By: Martin Creamer 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 us," Turner tells Mining Weekly Online, pointing... 

THE TEAM’S IN PLACE

By: Martin Creamer 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 June 2010 was announced. Gold Fields will invest... 

Gold Fields appoints executives to drive growth in West Africa, South America

By: Chanel de Bruyn South Africa-based gold-miner Gold Fields has appointed three more executives to its group executive team. Peter Turner has been appointed as executive vice-president (VP) and head of the West Africa region, Juan Luis (Juancho) Kruger as the executive VP and head of operations for South America... 

Gold Fields appoints Pillay as head of SA operations

Africa’s number two gold producer, Gold Fields, has appointed Vishnu Pillay as head of its South African operations to replace Terence Goodlace, who was promoted to COO of the group. Pillay, who takes up his new position on May 1, was previously vice president and head of operations of the... 

Kloof mine concludes R29m water rerouting project

By: Esmarie Swanepoel Goldminer Gold Fields has concluded a R29-million mine-water rerouting project from its main pumping infrastructure shaft to a secondary pumping shaft. 

Gold Fields first out with six-fold surge

By: Liezel Hill Gold Fields was yesterday first out of this year's gold-quarterly starting blocks to show the value of delivery at a time of a rising gold price, announcing a six-fold increase in earnings. The world-number-four gold producer lifted attributable production by 5% to more than 1,04-million ounces... 

Glittering year for SA gold giant thanks to Mali gold mines

By: Joanne Delaurentis Gold producer AngloGold’s operations in Africa have experienced a bumper year, with the company’s greatest successes being in Mali, reports regional manager Peter Turner. 

R315m Yatela contracts

By: System Author Contracts worth nearly $45-million have been awarded for the construction of the Yatela gold-mining project in Mali, West Africa. 

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