LATEST NEWS FOR Gold Fields Ltd.  

Gold Fields is a globally diversified producer of gold with nine operating mines (including our Asanko joint venture) in Australia, Ghana, Peru and South Africa, as well as one project in Chile. ... [more info]

Rand Refinery restarts smelter, ramps up refining as SA’s lockdown eases

UPDATE
7 May 2020 /  Helen Reid, Reuters   4
Rand Refinery joins the ranks of gold refineries in Switzerland firing up almost all operations again after the country relaxed its lockdown measures.

While no one was looking, a miner pulled off a major gold find

6 May 2020 /  Ciaran Ryan   19
In Namibia – with Namibian and South African managers, Australian technology and Canadian money.

Naspers surge puts SA stocks on track for record month

30 Apr 2020 /  Adelaide Changole, Bloomberg    3
Stocks set for best month since at least 1995.

World’s deepest gold mines on a ‘cliff’ as virus curbs output

UPDATE
29 Apr 2020 /  Felix Njini, Bloomberg    3
Covid-19 could be the final nail in the coffin for the ailing industry.

60% of recalled miners have returned to work

29 Apr 2020 /  Ciaran Ryan   6
But mining in the era of social distancing poses unique challenges.

Rand, stocks rally as stimulus, easing lockdowns lift sentiment

UPDATE
28 Apr 2020 /  Mfuneko Toyana, Reuters  
Bonds firmed, with the yield on the 2030 bond down 17.5 basis points to 10.780%.

Rand firms ahead of president’s lockdown address

23 Apr 2020 /  Olivia Kumwenda-Mtambo, Reuters   1
Finance Minister Tito Mboweni is also set to announce an emergency budget in the coming days to give life to Ramaphosa's R500 billion  ($26 billion) stimulus plan.

Mines forced to overhaul their supply chains

7 Apr 2020 /  Ciaran Ryan   2
Keeping six months’ stock of essential supplies, considered wasteful a year ago, now seems like a good idea.

Look who’s winning during lockdown

6 Apr 2020 /  Ciaran Ryan   5
Netflix, of course. Also teleconferencing provider Zoom, toilet paper makers – and gold.

Rand hits new low on bleak economic outlook

2 Apr 2020 /  Alexander Winning, Reuters   1
The yield on the government bond due in 2030 rose 3 basis points to 11.190%.

More mines declaring force majeure

2 Apr 2020 /  Ciaran Ryan   3
Mines are being forced to declare force majeure, as production winds down due to the lockdown.

Rand roiled by rising South African growth fears

1 Apr 2020 /  Mfuneko Toyana and Tanisha Heiberg, Reuters  
Among the biggest fallers were gold mining shares, with Gold Fields and AngloGold Ashanti.

SA gold shipments to London were disrupted

UPDATE
27 Mar 2020 /  Felix Njini, Bloomberg  
Rand Refinery says it’s exploring back-up plans and alternative measures to be able to meet its delivery commitments.

US stimulus rallies the JSE

25 Mar 2020 /  Larry Claasen  
Impact of $2trn package to offset the economic damage wrought by Covid-19 felt on local bourse.

South African mining sector braces for coronavirus lockdown

25 Mar 2020 /  Tanisha Heiberg, Reuters  
Furnaces, underground mines to go on 'care and maintenance'.

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