Gold Fields goes hostile in $27bn Northern Star takeover
GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…
Discovery targets mining with 24-hour renewables plan
DISCOVERY Green has signed several mining companies to a renewable power offering that targets 90% of their electricity needs. A mix of wind, solar and batteries can help meet…
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its…
Gold Fields flags Ghana risk as profits surge
Gold Fields has warned that uncertainty over the renewal of mining leases at its Tarkwa mine in Ghana could have a “material and adverse” impact on the company. This caution…
Gold Fields seals 5-year wage deal with unions at South Deep
GOLD Fields’ South Deep mine agreed a five-year wage deal with unions on Friday, the JSE-listed miner said in an announcement. Running from March to end-February 2030, the…
Randgold pursues Gold Fields over Kebble-era share theft
ON the night of September 27 2005, Brett Kebble climbed into his silver-grey Mercedes-Benz S600 and drove into the Johannesburg dark. Near a bridge over the M1 in the city’s…
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…
South Deep ‘belongs’ in Harmony, says gold miner
GIVEN all that he has on his plate, it is perhaps surprising that Harmony Gold CEO Beyers Nel is still looking around for further merger and acquisition (M&A) opportunities. Nel…
Gold Fields coins it as Salares Norte delivers
GOLD Fields raked in cash hand-over-fist in the six months to end-June and there’s more to come as the Salares Norte mine in Chile ramps up successfully and the South Deep mine…
Gold Fields readies Salares Norte as Atacama winter draws nigh
GOLD Fields has taken an all-hands on deck approach to Salares Norte as it prepared the Chile mine in the event of an “extreme weather event”. The early onset of sub-zero weather…
Gold Fields sees smooth pathway for Windfall project
APART from having to manage and co-exist with caribou on the Windfall property in Quebec, Gold Fields does not anticipate encountering the same environmental hurdles in…
Gold Fields can put 2024 behind it thanks to buoyant bullion
GOLD’S historic price gains last year and a strong operational recovery in the fourth quarter gave Gold Fields’ 2024 financial year a positive blush. The…
Gold Fields may sell Damang, Cerro Corona after “unlocking value”
GOLD Fields may slim down its portfolio by selling smaller mines in Ghana and Peru, said Reuters. Citing CEO Mike Fraser, the newswire said Gold Fields could potentially sell its…
Gold Fields’s vastly improved quarter eases pressure on Fraser
GOLD Fields turned in a vastly improved production report for its third quarter registerting strong recoveries at all its assets, especially at South Deep in South Africa. The…
Gold Fields says financial position secure as seals Osisko deal
GOLD Fields said on Monday it remained “in a strong financial position” following the completion of the $1.39bn acquisition of Osisko Mining. The Johannesburg-headquartered miner…
Gold Fields paid premium for Osisko to avoid ‘another Yamana’
GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month. Concluded at a 55% premium, the transaction…
Gold Fields CEO Mike Fraser lays out his vision for the group’s future
NEWLY appointed Gold Fields CEO Mike Fraser is embarking on a major restructuring pinning the group’s future on four long-life mines which will “anchor” future operations while…
Gold Fields lets price bonanza slip from grasp
GOLD Fields will report poor financial and operating results for the six months to end-June with the group’s performance made all the more disappointing because of the surge in…
‘I tend to run towards danger’ – Cockerill
At an age – 69 year – where many would be looking to slow down and ease into retirement Ian Cockerill has taken on the full-time, challenging role of running mid-tier West…
Gold Fields CEO says winter ramp-up was risky at Salares Norte
THE first six months at Gold Fields have been less than easy for CEO Mike Fraser. By his own admission the first quarter “wasn’t a good start”, headlined by a one-fifth output…