HOLLAND RESORTS TO HEROICS
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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