In the months following more than 40 deaths in protests over South African mineworkers’ pay last year, Gold Fields Ltd. Chief Executive Officer Nick Holland hatched a plan to spin off his company’s mines in the country.
Gold Fields Ltd. Chief Executive Officer Nick Holland’s pay dropped 45 percent last year after investors criticized his 2012 award and the company’s share price fell almost two-thirds.
Gold Fields Ltd. stopped most production at its South Deep mine in South Africa after two deaths in a fortnight, the latest blow to the 24-year development of the world’s second-biggest gold deposit.
The mining industry is at a “breaking point” as calls from governments and workers for a greater cut of profits hasten an investor exodus, Gold Fields Ltd. said.
"If we could repeat the success of the Yilgarn acquisition in Australia, then clearly we would be looking to try and buy something."
- Nick Holland on Sep 18, 2014