Gold Fields: Mine Deaths Will Not Disrupt Output>GFI
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Gold Fields: Mine Deaths Will Not Disrupt Output>GFI
12/02/2003
JOHANNESBURG (Dow Jones)--The deaths of three miners Monday at Gold Fields Ltd.'s (GFI) Driefontein mine won't have any material effect on production, a spokesman said Tuesday.
Corporate Affairs Vice President Willie Jacobsz told Dow Jones Newswires,the three miners died in a rock falland three other were rescued from a shaft approximately 2,600 meters underground following an underground seismic disturbance.
"The seismic eventmeasured 0.7 on the Richter Scale and occurred in a very localized area, so the impact on output will be minimal," he said.
Dozens of miners are killed and injured annually in South Africa's deep-level gold mines.
Driefontein, about 80 kilometers west of Johannesburg, is one of the world's richest gold mines. It produces around 1.2 million ounces of gold a year and accounts for more than a quarter of Gold Fields' annual output of 4.3 million ounces of gold from South Africa, Ghana and Australia.
-By Angus Macmillan, Dow Jones Newswires; 27 11 7837848; angus.macmillan@dowjones.com
12-02-03 0408ET
JOHANNESBURG (Dow Jones)--The deaths of three miners Monday at Gold Fields Ltd.'s (GFI) Driefontein mine won't have any material effect on production, a spokesman said Tuesday.
Corporate Affairs Vice President Willie Jacobsz told Dow Jones Newswires,the three miners died in a rock falland three other were rescued from a shaft approximately 2,600 meters underground following an underground seismic disturbance.
"The seismic eventmeasured 0.7 on the Richter Scale and occurred in a very localized area, so the impact on output will be minimal," he said.
Dozens of miners are killed and injured annually in South Africa's deep-level gold mines.
Driefontein, about 80 kilometers west of Johannesburg, is one of the world's richest gold mines. It produces around 1.2 million ounces of gold a year and accounts for more than a quarter of Gold Fields' annual output of 4.3 million ounces of gold from South Africa, Ghana and Australia.
-By Angus Macmillan, Dow Jones Newswires; 27 11 7837848; angus.macmillan@dowjones.com
12-02-03 0408ET
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Fear blind us the opportunity, greed blind us the danger!
Fear blind us the opportunity, greed blind us the danger!
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