Holland: “We’re not making that much money’
THE gold industry is starting to recognise that investment cannot be sustained while
returns remain low, says Gold Fields CEO Nick Holland.
Great Basin Gold to shut Burnstone, seeks $40m
The chances of recovering fair value for assets in Great Basin Gold took a turn for
the worse as the company announced it was forced to shut its key South African
mine.
Gold Fields’ KDC West hit by strike
Operations at Gold Fields’ KDC West gold mine have been brought to halt following
the start of a second unprotected strike in as many weeks at the gold mining firm.
Gold Fields workers seek R12,500
Striking workers at Gold Fields’ KDC West mine are demanding a minimum monthly
salary of R12,500, a benchmark in a spate of wage-related labour disputes across
the industry.
NUM brings ends to Gold Fields KDC strike
Gold Fields said a strike involving 12,000 workers at its KDC East mine on the West Rand had been resolved after differences between NUM leaders and regional office bearers were resolved.
SA to slide down gold producer rankings
South Africa was expected to slide down the rankings of the world's top gold producers as other countries boost production, GFMS has said.
Great Basin Gold pins hopes on Hollister deal
Great Basin Gold put some much needed esprit into its share price saying plans to sell down assets would be accelerated as it sought to save the company.
Gold One’s Chinese backers worry over SA
Gold One CEO Neal Froneman says his Chinese investors are anxious about labour relations in SA and that the current instability is posing a risk to the company’s growth ambitions.
Labour divisions halt Gold Fields’ KDC East
The NUM says the dispute that has brought Gold Fields’ KDC East mine to a
standstill is over funeral benefits, but the company points to bigger divisions
within the union.
Harmony told it’s “too small’ for Wafi-Golpu
On a day when Harmony Gold wanted to show off new detail about its game-
changing Wafi-Golpu resource, the company ran into scepticism over its
strategy for the asset’s development.