HOL­LAND RE­SORTS TO HERO­ICS

Finweek English Edition - - Online - By David McKay

NICK Hol­land’s re­cent com­ment to Min­ingmx col­league Bren­dan Ryan that Gold Fields had ex­plored syn­er­gies with An­gloGold Ashanti, in­clud­ing a pos­si­ble merger of South African as­sets, has to be seen in per­spec­tive.

Hol­land, while not yet des­per­ate, has real grass­roots prob­lems at­tempt­ing to im­prove the per­for­mance of Gold Fields’ South African mines.

Pro­duc­tion has been re­based down from 1 mil­lion oz per quar­ter and costs ap­pear stub­bornly high.

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