Gold Fields chief executive officer Ian Cockerill is to step down from his position, the company’s board said on Monday. Cockerill will be succeeded by Nick Holland who has been the chief financial officer of the company. Terence Goodlace, executive vice-president and head of South African operations, will be appointed to the new position of chief operating officer.
The South African government will on Friday announce whether power supply can be increased to mines while maintaining the stability of the system. The review of consumption comes in the wake of last week’s surprise announcement that the sector would lose thousands of jobs due to the power crisis.
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/ 25 February 2008
Potential job losses due to the energy crisis are not cast in stone, Gold Fields CEO Ian Cockerill said in a conference call on Monday. Earlier, the mining company announced that 6 900 jobs were at risk because of Eskom’s power rationing. ”We’re working closely with the unions to calculate potential losses. There is nothing cast in stone,” Cockerill said.
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/ 31 January 2008
Gold Fields, the world’s fourth-largest gold producer, on Thursday warned that it may be forced to close shafts and restructure as a result of Eskom’s request that the mining industry reduce its power use by 10%. Gold Fields CEO Ian Cockerill warned that the power shortages in South Africa would affect production in the March quarter.
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/ 25 January 2008
South African gold producers and the world’s biggest platinum miner suspended production at all their mines in the country on Friday due to a power crisis, helping send precious metal prices to new highs. Shares in most of the affected firms dived as the government said the power cuts were ”a national emergency”.
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/ 12 October 2007
Gold Fields, the world’s fourth-largest gold producer, will bring in close on R5-billion following the disposal of two of its international assets. The company said on Friday it was selling its assets in Venezuela for a total consideration of $532-million (R3,6-billion).