Why Gold Fields is keen on Australia’s Northern Star
WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…
Former Gold Fields boss to join hunt for critical minerals
FORMER Gold Fields CEO Chris Griffith, who exited the miner four years ago after a failed mega-merger bid for Canada’s Yamana Gold, has joined a private equity venture aiming to…
Gold Fields’s spending plans leave much to ponder
WHAT grade might one give a CEO whose company has gained nearly 200% so far this year? An A, surely? In the rarefied world of gold shares, however, you might opt for a B or even…
Gold Fields promises $500m in shareholder returns over two years
GOLD Fields said today it planned to return $500m to shareholders over the next two years either in special dividends or by buying back its shares. Commenting ahead of a closed…
Gold Fields to extend Tarkwa after lifting gold reserve price
GOLD Fields said on Wednesday it hoped to renew the mining lease of Tarkwa after the group increased the Ghana mine’s gold reserves by 70%. CEO Mike Fraser described the…
Griffith the latest talent to swim free of Vedanta’s grasp
THE departure of Chris Griffith, former CEO of Anglo American Platinum (Amplats), from Vedanta this month is the latest in a series of setbacks for the Indian miner. It has a…
Vedanta unit plans major Zambian smelter upgrade
KONKOLA Copper Mines (KCM) will overhaul its Zambian smelter facility as part of efforts to boost production following last year’s return to full operations under Vedanta…
Chris Griffith confirms resignation from Vedanta
CHRIS Griffith has confirmed his resignation from Vedanta, the Indian company where he was appointed about two years ago to lead its base metals division. “I can confirm I have…
Copper projects hamstrung by spiralling cost of capital
THE cost of capital was increasingly becoming a challenge in building new copper mines as resurgent inflation and factors such as infrastructure development drove capex higher.…
Clearly, Mike Fraser didn’t join Gold Fields to play safe
SO much for Africa’s largest gold mine, the sobriquet given to a joint venture (JV) in Ghana between Gold Fields and AngloGold Ashanti. Unveiled in March 2023, the aim was for…
Gold Fields’s Osisko deal looking “significantly cheaper”
THE improvement in the gold price and weakness in the Canadian dollar has made Gold Fields’s purchase of Osisko Mining in October look “significantly cheaper”, said the gold…
Naidoo returns to Vedanta to oversee critical minerals drive
VEDANTA Resources, the London-based parent company of Vedanta Ltd, has appointed South African mining executive Deshnee Naidoo as its CEO. Naidoo was previously head of Vedanta…
Why some gold companies don’t believe in M&A
A asked at the recent London Indaba conference to explain why he opted to become a non-executive after 12 years at Barrick Gold, chairman John Thornton replied: “What does…
Vedanta seeking partners for Konkola reinvestment
VEDANTA Resources is looking for business partners to boost output at the Zambian copper assets it’s regaining control of after years of legal battles, said Bloomberg News citing…
Gold Fields’ failure to buy Yamana was a major mistake
JUST over two years ago Gold Fields CEO Chris Griffith launched an audacious $6.7bn all-share takeover of Yamana Gold, a Canadian company. Less than six months later, the deal…
Gold Fields CEO warns gold market tailwinds will not persist
GOLD Fields turned in a “steady as she goes” performance during 2023 and the outlook appears to be for more of the same in 2024, but the more important issue for shareholders is…
Vedanta’s Griffith targets $1.3bn rebuild of Konkola Copper
VEDANTA Base Metal’s top priority in Zambia will be to restore the loss-making Konkola Copper Mines (KCM) to profitability and build up production from the current 70,000 tons a…
Southern Palladium scopes out $408m Bengwenyama
SOUTHERN Palladium on Thursday published details of a scoping study into its Bengwenyama project estimating a post tax net present value of $700m assuming “conservative” metal…
Into the deep end for Gold Fields CEO Mike Fraser
IN-trays don’t get much fuller than those of the new Gold Fields CEO Mike Fraser. A delayed gold project in Chile, an incomplete joint venture in Ghana, a brand new executive…
Former Gold Fields CEO says firm enjoying benefits of his work
IT’S been a year since Chris Griffith blazed out of Gold Fields, the 2.5-million ounce a year miner he led for two years prior to its failed takeover attempt of Yamana Gold. Now…