The head of Anglo Platinum – the world’s largest platinum producer – has earned R17.6-million while the company struggles with wage negotiations.
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
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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/ 23 February 2008
Gold production for the current third quarter is forecast to decline by between 20% and 25% against the December quarter, Gold Fields said on Monday. This was ”as a result of the total suspension of production for one full week due to power constraints, continued power rationing, and the seasonal impact of the Christmas break”.
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/ 1 February 2008
South African mines made slow progress in bringing back production on Friday after Eskom allowed them to make only limited increases to their electricity consumption. The power cuts that shut the mines a week ago have helped push global precious metals prices to record highs and stoked concerns about a slowdown of growth.
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/ 1 February 2008
Mines had their power levels increased from 80% to 90% on Friday but they still needed a guarantee of a reliable power supply, the Gold Fields mining company said on Friday. On Thursday, Eskom backtracked on an undertaking when it promised to provide 90% of its normal power supplies to mining companies.
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/ 31 October 2007
Gold Fields announced on Wednesday that two employees lost their lives in the morning in an underground accident at the number four shaft of Kloof Gold Mine, near Westonaria. Two other mine employees were injured, one seriously. The four were part of a 10-man team working in a stope on 41 level, approximately 3 000m below surface.