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/ 31 March 2008

Ian Cockerill to leave Gold Fields

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.

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/ 25 February 2008

Gold Fields: Job losses not cast in stone

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 may close shafts due to power crisis

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

SA mines shut down as power crisis worsens

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”.