Gold Fields to decide on loss-making Ghana mine by Q1 2014: CEO

Reuters
A Gold Fields Mine company logo is seen outside the South Deep Gold mine
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A Gold Fields Mine company logo is seen outside the South Deep Gold mine, near Johannesburg, June 4, …

ACCRA (Reuters) - South African miner Gold Fields will make a decision on its loss-making Damang mine in Ghana by March, the chief executive officer said on Thursday.

Options include trying to find a buyer or putting it on "care and maintenance", Nicholas Holland told Reuters in an interview. The mine in southwestern Ghana, one of two Gold Fields operates there, has been hit by a fall in gold prices.

Tarkwa, the company's other Ghana mine, was being downsized but remains sustainable, Holland added, without giving further details.

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