Punitive Halts--Gold Fields engaging government on production crimping safety stoppages

摘要

Gold major Gold Fields is engaging government on the issue of unplanned safety stoppages, which prevented the company's South African region from generating free cash flow in the latest quarter.Gold Fields CEO Nick Holland tells Mining Weekly that were it not for the stoppages, its large Driefontein and Kloof gold mines would have made their calls."The stoppages have hurt us at Kloof and Driefontein. That 5% to 10% of gold that you lose as a result of the stoppages makes the difference between just treading water and making good money," Holland says.