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Gold Fields Will Play Smart In 2019 And Beyond - Gold ...

(Source: Gold Fields) Moreover, due to an approximately one-month safety-related stoppage called in by a government department in April 2018, the production volume from the South Deep mine will ...

South Deep Production Declines Amid South Africa's Gold ...

The South Deep mine is also Gold Fields' only asset in South Africa and it holds the world's largest gold deposit, accounting for 60 percent of the company's mineral reserves.

The hopes of SA's mining industry rest on Gold Fields ...

The South Deep mine, Gold Fields' only asset in the country, holds the world's largest gold deposit after Grasberg in Indonesia and accounts for …

Fate of South African gold rests on one giant, loss …

The South Deep mine was built to target the world's second-biggest known body of gold-bearing ore, a deposit that could produce for the next 70 years and slow the steady decline in the country's production. Trouble is, the mine's not making any money for owner Gold Fields [].

South Africa's gold industry, like its economy, is ...

The mine is called Durban Deep. Founded in 1896 and nicknamed the "Grand Old Lady," it was one of the most profitable mines in the world, producing more than $20 billion worth of gold …

South Deep Gold Mine - Mining Technology

South Deep gold mine, in the Mpumalanga region of South Africa, is the second biggest gold mine in the world. It is the also the seventh deepest mine in the world with a depth of 2,995m below surface.

Gold Fields shuts South Deep after deaths | IOL …

The mining department's stoppage order and the company's four-month safety review mean South Deep will lose about 64,300 ounces of gold production, 16 percent of the mine's total for 2013 ...

Gold Fields' Q1 Production Falls as Problems at South Deep ...

South Africa's Gold Fields (NYSE:GFI) reported Q1 results, which show a decline in gold production and signal additional challenges for its troublesome South Deep mine. South Deep is the company ...

Terrifying Facts About the World's Deepest Gold Mine

The deepest gold mine in the world is Mponeng, a 2.5-mile hole in the ground in South Africa. A whole underground city — lightless and lawless — lives inside the mine.

Gold Fields maintains production guidance, but South Deep ...

JSE- and NYSE-listed Gold Fields still expects to meet its full-year production guidance of 2.10-million to 2.15-million ounces, despite the fact that output from its South African South Deep mine ...

AISC For Gold Miners In 2018: Trend Reversal | Seeking …

The latest production results of Q1 2018 weren't nice either as production fell due to production issues at the South Deep mine. This is a gold miner to avoid for the time being. This is a gold ...

Fate of South African Gold Rests on One Giant, Loss …

The South Deep mine was built to target the world's second-biggest known body of gold-bearing ore, a deposit that could produce for the next 70 years and slow the steady decline in the country ...

Gold Fields Forced Back to the Drawing Board on South Deep

Aug 14, 2018· After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. Its shares plunged. The Johannesburg-based company may ...

South Deep mine - Wikipedia

The South Deep mine is one of the largest gold mines in the South Africa and in the world. The mine is located in the north-east of the country in Gauteng . [1] The mine has estimated reserves of 81.4 million oz of gold .

Gold Fields Targets Annual Production of 1 Million …

Gold Fields (NYSE: GFI), one of the largest unhedged gold producers in the world, is working on plans to increase gold production at its South Deep Mine to 1 million ounces a year, making it South ...

Fate of SA gold rests on one giant, loss-making mine ...

The South Deep mine, Gold Fields' only asset in the country, holds the world's largest gold deposit after Grasberg in Indonesia and accounts for …

Hopes pinned on unprofitable South Deep Mine for …

The South Deep mine was built to target the world's second-biggest known body of gold-bearing ore, a deposit that could produce for the next 70 years and slow the steady decline in the country's production.

Gold Fields to cut up to 1‚560 jobs at South Deep mine

Gold Fields has repeatedly revised down its production targets at South Deep‚ which it bought in 2006. On Tuesday it said the restructuring of the mine …

TauTona Mine - Wikipedia

The TauTona Mine or Western Deep No.3 Shaft, is a gold mine in South Africa. At approximately 3.9 kilometers (2.4 mi) deep, it is home to the world's deepest mining operations, rivalled only by the Mponeng gold mine.

Gold Fields to restructure operations at South Deep in ...

Dual-listed Gold Fields has announced that it will be restructuring its South Deep operation in South Africa. South Deep has had several operational challenges since Gold Fields acquired it in 2006. The key challenge has been the difficulty in transitioning the mine from one run with a ...

The top ten deepest mines in the world - Mining …

The South Deep gold mine, owned and operated by Gold Fields, is the seventh deepest mine in the world. The South African gold mine extends up to 2,995m below surface. The mine, covering an area of 4,268ha, is located 45km south-west of Johannesburg.

Gold Fields plans to cut up to 1,560 jobs at South Deep

Gold Fields has repeatedly revised down its production targets at South Deep, which it bought in 2006, and on Tuesday it said the restructuring of the mine meant it was unlikely to reach the 480 ...

Fate of South African Gold Rests on Giant, Loss-Making Mine

Jul 29, 2018· The South Deep mine, Gold Fields' only asset in the country, holds the world's largest gold deposit after Grasberg in Indonesia and accounts for 60 percent for the company's mineral reserves.

About 1,500 jobs to go at Gold Fields' South Deep as …

South Deep, Gold Field's only mine left in South Africa, was built to target the world's second-biggest known body of gold-bearing ore and slow the steady decline in the country's production.

South Deep Gold Mine In South Africa Mining …

Two alternative mining methods are under review in 2015 at South Deep Gold Mine in South Africa. The first method is the 4.5m X 4.5m destress method and the second is the Inclined Mining Slot method. Both of these methods, if successful, could assist in de-risking the South Deep mine buildup plan and future production profiles, and could …

South Deep downgrades could send Gold Fields on …

TRY as it might, Gold Fields is struggling to make ends meet at South Deep, its South African gold mine. Earlier this year, it downgraded forecast gold production by up to 10% after promising previously it could reach 90,000 ounces per quarter. According to analysts, not even the downwards adjusted ...

South Deep Twin Shaft - Mining Atlas

South Deep Gold Mine is an intermediate to deep level gold mine comprising two shaft systems that mine various auriferous conglomerates from open ground and pillars that occur at depths between 1,575 m and 3,500 m below surface.

Gold Fields South Deep mine shines in weak December …

Gold Fields, the international gold miner, continues to showcase exceptional production performance from its South Deep mine in South Africa, which unfortunately could not compensate for a portfolio of struggling assets and financials in …

South Africa Region | Operations | Gold Fields

South Deep is designed to access and exploit one of the largest gold ore bodies in the world. Its rebasing process has a strong operational process to deliver ramp-up, sustained steady state production and targeted cash-flow.

Gold Fields retrenchments: South Deep mine to cut 30% …

Gold Fields, one of the world's largest gold mining firms, is set to retrench up to 1 560 employees at its South Deep operation in Gauteng. Built in 1951, South Deep is the largest gold mine in ...

Gold Fields' Holland concedes South Deep at last …

THE fate of Gold Fields' embattled South Deep mine could be decided in the next six months judging by comments made by CEO, Nick Holland, and CFO, Paul Schmidt, at a presentation of interim results in Johannesburg on Thursday. The mine is about to be radically restructured and the message from ...

Gold Fields South Deep mine shines in weak December …

Gold Fields, the international gold miner, continues to showcase exceptional production performance from its South Deep mine in South Africa, which unfortunately could not compensate for a portfolio of struggling assets and financials in the company's December 2015 quarter. There has been a ...