Nick Holland to step down as CEO of Gold Fields after 13 years at the helm

SOUTH AFRICA – Gold mining company Gold Fields has announced the retirement of its long serving Chief Executive Officer Nick Holland and named veteran mining executive, Chris Griffith, former Anglo-American Platinum and who previously headed Kumba Iron Ore, as his successor saying that the appointment was with effect from April. The company said Holland, who was at the helm for 13 years, had agreed to retire six months earlier than required to facilitate the leadership transition. Gold Fields Chairperson Cheryl Carolus said under Holland’s leadership Gold Fields has been transformed…

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Endeavour Mining merges with Teranga Gold to make it a top 10 senior gold producer

BURKINA FASO – Endeavour Mining Corporation and Teranga Gold Corporation have entered into a definitive agreement, whereby Endeavour will acquire all of the issued and outstanding securities of Teranga by way of a Plan of Arrangement under the Canada Business Corporations Act. The merger, in which existing Endeavour and Teranga shareholders will own approximately 66% and 34%, respectively, of the combined company on a fully diluted in-the-money basis, will create a new top 10 senior gold producer with average annual production of more than 1.5 Moz with industry-leading low production…

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