Gold Fields’ Executive VP resigns - CNBC Africa

Gold Fields’ Executive VP resigns

Southern Africa

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The Witwatersrand, in South Africa, holds the world’s largest gold reef deposit. PHOTO: Getty Images

Fleischer, who has been with the South African gold producer since November 2006, will step down as of 31 January 2013.  

“Michael intends to resign from all roles and responsibilities within the company and its affiliates with effect from January 31, 2014. The board has accepted Michael's resignation and would like to express appreciation to him for his years of dedicated service and to wish him well in his future endeavours,” [DATA GFI:Gold Fields] said.

“The board will commence a process to identify a successor to Michael and is committed to hiring a person that can help to implement the changes noted in the board's announcement related to the South Deep Black Economic Empowerment transaction made on August 22, 2013 and to deliver upon the company's objectives for the benefit of all stakeholders.”

South Africa’s gold mining sector, which last year experienced wage strikes across the board, could be experiencing them again, along with the platinum sector, after the Association of Mineworkers and Construction Union (Amcu) said that some producers faced possible strike notices over pay demands.