South Africa. GOLD FIELDS warned its output for the second quarter of its 2008 financial year would be 3.5% lower, dragged down by Safety-affected South African production.
“Production from the South African mines is expected to be down by approximately 7%… largely as a result of a variety of Safety related events including accidents, work stoppages and suspensions of operations ordered by the Department of Minerals and Energy,” Gold Fields said in a statement.
“The reduction is not all about closures, there was also a one day strike, but the significant contributor was the closures,” said company spokesman Willie Jacobsz.
The Kloof mine had a number of fatal accidents during the December quarter, which resulted in closures of the affected areas to audit safety procedures.
The National Union of Mineworkers called a successful one-day industry-wide strike to protest against ongoing deaths on South African mines. The Kloof mine was also affected by an illegal one day strike called by workers to mourn the death of two colleagues underground.
The company will release its results on 31 January 2008.
By: Allan Seccombe
Posted: Thu, 20 Dec 2007