NUM downed tools on November 2 in protest against 1 082 employees and 420 contractors losing their positions
The goldminer says ramp up has been too slow and reaching full production at its only South African mine will be delayed once again.
Gold Fields’s general counsel Michael Fleischer has resigned amid a probe by the US Securities and Exchange Commission into a BEE sale.
Asset managers have advised mining companies to reign in the colossal salaries being awarded to chief executives.
Workers have returned to Gold Fields’ Beatrix one, two and three shafts as expected after the company issued a final ultimatum before firing them.
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/ 20 October 2008
Gold Fields estimates that South African mine closures due to fatalities last week have cost it about 300kg (or close to 10 582 ounces).