Gold Fields cuts 60 mining jobs

Gold Fields has cut 60 workers from its newly acquired Lawlers operations, and a forthcoming operational review of the company’s newly acquired Yilgarn South mines has got employees worried more jobs will go.

The company is merging Lawlers mine with its Agnew site, closing processing facilities at the Lawlers’ operation which The West reports is where most of the job cuts have come from.

The South African miner this month finalised a $US270 million deal to purchase Barrick Gold’s Lawlers, Darlot and Granny Smith operations.

The company said a number of operational and administrative roles would also be axed.

Combining both Lawlers’ and Agnew’s processing facilities, Gold Fields says it expects to save up to $US18 million a year.

Integrating site infrastructure and personnel could also save the company between $US10 million and $US15 million, the West reports.

The company’s operational review is expected to be handed down in the next few weeks.

Speaking at the Denver Gold Forum last month Gold Fields said further cost cutting options are being reviewed for its Australian operations.

About 390 positions have reportedly been cut from the miner’s St Ives and Agnew sites in the last 12 months.

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