Gold Fields swings to black in Q2, but cuts guidance at South Deep

Gold Fields swings to black in Q2, but cuts guidance at South Deep

JOHANNESBURG (miningweekly.com) – While a solid showing from its Peruvian, Ghanaian and Australian operations pushed Gold Fields’ second-quarter earnings to $22-million, the company has cautioned of a likely output slip at its South Deep gold mine, located along the Witwatersrand basin, narrowing the operation’s forecast yearly production by 8.5% to 229 280 oz. Despite posting […]

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Coal terminal in R1.34bn equipment replacement drive

The private-sector-owned Richards Bay Coal Terminal (RBCT) on Thursday announced a R1.34-billion equipment replacement project to boost South Africa’s coal supply chain and replace aging equipment with minimal impact on the business of the coal terminal. To be replaced after 39 years of service will be two stacker reclaimers and two shiploaders plus the reconfiguration […]

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