Gold fields
Gold Fields sees 300% profit rise on gold rally
Gold Fields has already said the COVID-19 pandemic would have a limited negative impact on its performance, even though miners have had to shut operations...
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SA mining firms work together against COVID-19 as mines reopen
President Cyril Ramaphosa agreed last week to partially ease a national lockdown that temporarily shut all mines, except for some production of coal, the main fuel used for power generation in Africa’s most industrialised nation.
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Gold Fields third-quarter production falls
South Deep has faced numerous operational obstacles in a tough geological setting 3 km below the surface and is undergoing restructuring that would cut around about 1,100 jobs.
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'The revolution is imminent'
Joseph Mathunjwa warned last week of unspecified industrial action by his Amcu at Implats over its plans to cut around a third of its workforce, in a bid to return to profits in the face of depressed prices and soaring costs.
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Put your foot down on job cuts, Marikana miners tell Ramaphosa
Napoleon Webster says that President Ramaphosa should exercise his power in dealing with mine management who are determined to retrench workers.
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I’m not considering resigning, says Gold Fields CEO
Mining Minister Gwede Mantashe has said Gold Fields’ plans to slash jobs is taking the ‘easy way out’ and avoids tackling the real issue of poor management.
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Mantashe: Going for job cuts in mine sector the easy way out
Gold Fields, which is due to report half-year results later, said this week it would cut 1,100 permanent jobs at its South Deep mine, sending its shares plummeting.
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[LISTEN] Kodwa: ANC emphatically against mining sector retrenchments
Radio 702's Karima Brown interviews the ANC's head of presidency, Zizi Kodwa.
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Gold Fields' CEO says South Deep lay-offs 'last-gasp measure'
The company made the announcement on Tuesday, citing mounting losses and a 'consistent failure to meet mining and production targets' among the reasons for the move that could see a third of its labour force trimmed.
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Mantashe vows to confront Minerals Council over job losses
Minister Mantashe says mining companies should find ways they could optimise production and not run to cutting jobs.
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Look for other options before retrenching, Mantashe tells mines
This follows Gold Field's announcement on Tuesday morning that it may shed at least 1,500 jobs.
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Gold Fields plans to slash jobs in mine restructure
The bullion producer said it would restructure its last South African asset as it can no longer sustain losses.
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[OPINION] Why South Africa needs formal rules for class action lawsuits
South African shareholders and the Dutch Investors Association plan to launch a lawsuit against Steinhoff following allegations of accounting fraud.
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Miners’ silicosis lawsuit close to settlement - report
The suit was launched almost six years ago on behalf of miners suffering from silicosis, a fatal lung disease contracted by inhaling silica dust in gold mines.
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SA's Gold Fields quarterly bullion output rises 3%
Gold Fields, which also has operations in Australia, West Africa and South America, saw gold production rising to 567,000 ounces for the quarter ended 30 September.
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Sibanye Gold sets aside R1.1bn for possible settlement
A class action suit, mostly relating to the fatal lung disease silicosis, was filed on behalf of miners in 2012.
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Gold Fields, Anglo American set aside millions for possible silicosis settlement
The mining companies released their earnings figures on Thursday.
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Gold Fields confirms miners' death in Vereeniging
A mineworker has died in a fall of ground incident following a 1.5 magnitude seismic activity.
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South African mining firms to appeal silicosis ruling
The court decision allowed class action suits seeking damages for up to half a million miners.
