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The firm was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. The company traces its roots back to 1887, when Cecil Rhodes founded Gold Fields of South Africa Limited. As of 2019, Gold Fields was the world's eighth-largest producer of gold. [4]
The South Deep mine is one of the largest gold mines in the South Africa and in the world. [1] 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 .
Between 1994 and 1998, the company was owned by Gold Fields of South Africa. [2] Between 1998 and 2003, the company was known as Gold Fields Mineral Services Limited. [3] In 1998, members of the research team completed a management buy out of GFMS from GFSA, and the consultancy gained full independence.
Gold Fields and Santa Fe Pacific Gold Corporation, which had given steady employment to approximately 300 persons, contributed heavily to public and private needs and operated with full environmental issues until it was acquired by New Gold Inc. In 2001, the mine closed due to a fall in gold prices, but it was reopened in 2007. [1]
William Ford and Arthur Bayley teamed up when they met on the gold fields in what is now the Coolgardie area. After some initial disappointments, they succeeded in finding a major gold reef that became famous in the mining world. As a result, they are regarded as the discoverers of Coolgardie.
The St Ives Gold Mine is a gold mine located 20 km south-east of Kambalda, Western Australia.It is owned by the South African mining company Gold Fields. [1]As of 2022, it is one of four mines the company operates in Australia, the others being the Agnew Gold Mine, Granny Smith Gold Mine and the Gruyere Gold Mine.
The Granny Smith Gold Mine is a gold mine 21 kilometres (13 mi) south of Laverton, Western Australia near Mount Weld and operated by Gold Fields.. As of 2022, it is one of four mines the company operates in Australia, the others being the Agnew Gold Mine, St Ives Gold Mine and the Gruyere Gold Mine.
In 2023, Ghana produced around 4.2 million ounces of gold, contributing to approximately 4% of the world’s total output. The main gold-producing regions are Ashanti, Western, and Eastern regions, with major players including Newmont, Gold Fields, AngloGold Ashanti, and Kinross Gold. Gold exports in 2022 accounted for about 12.3% of Ghana's GDP.
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