Gold Fields
| Gold Fields
|
|
|---|---|
 |
|
| legal form | Public Limited Company |
| ISIN | ZAE000018123 |
| founding | 1998 |
| Seat | Johannesburg , South Africa |
| management | Cheryl Carolus (Chairperson)
Nick Holland (CEO) |
| Number of employees | 8964 |
| sales | US $ 2,750 million |
| Branch | Mining, gold |
| Website | www.goldfields.co.za |
| As of December 31, 2016 | |
Gold Fields is a South African company headquartered in Johannesburg . Gold Fields was the eighth largest gold mining company in the world in 2016. In 2016, the company employed 8,964 people. Gold Fields is the successor company to The Gold Fields of South Africa Ltd. , a British holding company based in London, founded in 1887 by Cecil Rhodes and Charles Rudd . Gold Fields is listed on the Johannesburg JSE and New York NYSE stock exchanges. Other stock exchanges are the Nasdaq Dubai, Euronext ( Brussels ) and the Swiss Exchange ( Zurich ).
The main competitor in South Africa is Harmony Gold .
history
Gold Fields Ltd. was founded in 1998 through the merger of Gencor's gold activities with Gold Fields of South Africa. The gold mines were in South Africa and Ghana .
With Damang, another mine was acquired in Ghana. The company also expanded into Australia through the acquisition of the St. Ives and Agnew mines .
The cost of the South African mines rose sharply in 2004 due to the over 50 percent increase in the marginal exchange rate against the US dollar and wage increases of over 10%. To expand its manufacturing base beyond South Africa, Gold Fields started joint ventures with Chinese companies - Sino Gold Ltd. and Zijin Mining - a.
Gold Fields bought a fifty percent interest in the Essakane project in Burkina Faso .
In 2004, the South African government introduced a new English Mining Charter of South Africa , which stipulated greater participation by South African investors and citizens in mining companies as part of the English Black Economic Empowerment (BEE) . In compliance with these conditions, Mvelavanda Resources acquired 7% of the Gold Fields shares for R 4.1 billion.
In 2007, Gold Fields acquired the South Deep mine from Barrick Gold Africa and Western Areas Ltd. for US $ 2.5 billion .
In February 2013 Gold Fields founded the subsidiary Sibanye Gold , into which they brought the two producing mines KDC and Beatrix. Sibanye Gold was listed on the JSE and the NYSE. Since Gold Fields transferred the remaining shares to the shareholders of Gold Fields, the company did not own any further shares in Sibanye after the separation and the IPO. The only South African Gold Fields mine is now South Deep. In 2013, the Yilgarn South Mines Darlot , Granny Smith and Lawlers in Australia were bought by Barrick for US $ 363 million.
Mines
Australia
- Agnew Gold Mine
- St. Ives Gold Mine
- Darlot mine
- Granny Smith Mine
Ghana
- Tarkwa, 4 kilometers west of the city of Tarkwa . Joint venture with the Canadian company Iamgold . The minimum reserves were estimated at 40 million troy ounces of gold in 2010 .
- Damang, 30 kilometers north of the neighboring Tarkwa mine.
Peru
- Cerro Corona, is located in the highest part of the western Cordilleras in the north of the country.
South Africa
- South Deep
advancement
| Surname | country | proportion of | Production 2014 (ounces) | Production 2016 (ounces) | Reserves (1000 ounces, 2016) |
|---|---|---|---|---|---|
| Agnew / Lawlers |
 OUT
|
100% | 271,000 | 229,000 | 515 |
| Cerro Corona |
 BY
|
100% | 327,000 | 150,000 | 1,296 |
| Dhamang |
 GHA
|
100% | 178,000 | 148,000 | 1,506 |
| Darlot |
OUT
|
100% | 84,000 | 66,000 | 56 |
| Granny Smith |
OUT
|
100% | 315,000 | 284,000 | 1,693 |
| South Deep |
 RSA
|
100% | 201,000 | 290,000 | 34,072 |
| St. Ives |
OUT
|
100% | 362,000 | 363,000 | 1,740 |
| Tarkwa |
GHA
|
100% | 558,000 | 568,000 | 5,474 |
| total | 2,219,000 | 2,146,000 |
literature
- Paul Johnson: Consolidated Goldfields - A Centenary Portrait . Georg Weidenfeld & Nicolson, London 1987, ISBN 0-297-78967-8 .
- Rex Gibson: Battlefields of Gold - How Gold Fields fought for survival and won . Jonathan Ball, Johannesburg 2012, ISBN 978-1-86842-514-3 .
Web links
- Early documents and newspaper articles about Gold Fields in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ↑ a b Integrated annual report 2016. (PDF; 9 MB) Gold fields, 2016, p. 15 , accessed on December 26, 2017 (English).
- ^ Paul Johnson: Consolidated Goldfields - A Centenary Portrait . Georg Weidenfeld & Nicolson, London 1987, ISBN 0-297-78967-8 .
- ↑ FAZ: Gold miners in deep intoxication
- ^ Gold Fields Annual Report 2000 (en). (No longer available online.) Archived from the original on October 21, 2015 ; accessed on January 16, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ a b c Annual report 2007. (PDF) (No longer available online.) 2008, archived from the original on October 21, 2015 ; accessed on January 16, 2016 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ SA Rand value: 1994 - 2015. businesstech.co.za, March 12, 2015, accessed on December 26, 2017 (English).
- ↑ Black Economic Empowerment: has not worked well nor will it end soon fools gold. Retrieved January 15, 2016 .
- ↑ US regulator drops probe on gold fields south deep bee deal. Retrieved January 15, 2016 .
- ↑ Mining companies as all-round suppliers . in: FAZ of October 28, 2010, page 23
- ↑ Key figures: Goldfields - versuchbkgrs website! www.private-gold-investment.de, accessed on December 26, 2017 (English).
