PROFILE |
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St Helena Gold Mines Limited produced its first bar of South African gold in 1951. A subsidiary of Gold Fields Limited, the company operates the St Helena and Oryx mines in the Wits Basin region of South Africa. Gold Fields Limited, South Africa's second-largest gold mining company, trailing Anglogold, acquired St Helena Gold Mines in late 1999. Due to decreasing ore grade, the St Helena mine has experienced increasing cash costs and declining yields. After the transaction, the operations of the Beatrix and Oryx mines became one mine for tax purposes. Anglo American, the world's biggest gold miner, is Gold Fields' largest shareholder (17%).
COMPETITION |
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AngloGold Limited (AU)
Barrick Gold Corporation (ABX)
Newmont Mining Corporation (NEM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: June
1998 Sales (mil.): 58.20
1-Yr. Sales Growth: (12.6)%
Employees: 3,598
Revenue per employee: $16,175.65
KEY PEOPLE |
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T. G. Dale
CEO
H. J. Engelbrecht
CFO
CONTACT INFO |
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24 St Andrews Rd., Parktown
2193 Johannesburg, South Africa
Phone: 27-11-644-2400
Fax: 27-11-484-0626
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