HomeNewsGold Fields delivers 150 new houses for the local community

Gold Fields delivers 150 new houses for the local community

Gold Fields Limited, the international gold producer with eight operating mines world wide in Australia, Peru, Ghana and South Africa, has handed over 150 subsidised housing units to the Westonaria Local Municipality and the Gauteng Department of Human Settlements.

This housing project is part of the mine’s Social and Labour Plan and an integral component of the 2014 Mining Charter scorecard.

Gold Fields specifies resident mix

The housing project is located near the South Deep mine and was constructed at a cost of R27.4 million. Gold Fields spent the funds on full project management and development of the housing project. They have made a special request for priority to be given to vulnerable groups already on the waiting list. These include the elderly, disabled individuals or child-headed homes. Through these fully serviced units, the Borwa community will have access to amenities such as electricity and running water.

South Deep Mine

South Deep is a king-pin asset in Gold Fields and represents one of the last mega-projects to be built that exploits gold in the West Wits goldfields.

The mine is still in the production ramp up phase and will deliver a steady state run rate of 300-330 ktpm delivering 650 -700 koz of gold per anum at an estimated AIC circa US$900 per ounce.

The mine has an estimated life of 74 years.