Gold Fields Ltd. History

24 St. Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa

Telephone: (11) 644 2400
Fax: (11) 484 0626

Public Company
Incorporated: 1887 as the Gold Fields of South Africa Ltd.
Employees: 48,000
Sales: $1.53 billion (2003)
Stock Exchanges: South Africa New York London Paris Brussels Swiss
Ticker Symbol: GFI
NAIC: 212221 Gold Ore Mining

Company Perspectives:

Our vision is to be the leading, value-adding, globally diversified, precious metals producer through the responsible, sustainable, and innovative development of quality assets.

Key Dates:

Gold Fields of South Africa is formed by Cecil Rhodes and Charles Rudd.
George and Leopold Albu create the General Mining and Finance Corp.
The predecessor to Union Corp. is created by Adolf Goertz.
West Witwatersrand Areas Ltd. is formed to work the West Wits Line.
General Mining merges with Federale Mynbou.
West Wits takes over all of Gold Fields of South Africa's assets as well as its name.
Gencor Ltd. is born out of the merger between General Mining and Finance Corporation and Union Corporation.
Gold Fields of South Africa and Gencor merge to form Gold Fields Ltd.
The company enacts its first Black Economic Empowerment transaction to fulfill the new Mining Charter.

Company History:

Further Reading:

  • "All That Glitters: Gencor," Economist, March 9, 1996.
  • Benjamin, Paul, "Mining Stands on the Brink of New Era," Business Day, September 20, 1996.
  • Beresford, Belinda, "Gencor to Separate Gold, Other Interests," Business Day, June 2, 1997.
  • "Business: Panned," Economist, February 7, 1998, p. 65.
  • Cartwright, A.P., Gold Paved the Way: The Story of the Gold Fields Group of Companies, London: Macmillan, 1967.
  • Consolidated Gold Fields, London: Counter Information Services, 1973.
  • Consolidated Gold Fields PLC: Partner in Apartheid, London: Counter Information Services, 1986.
  • Dhliwayo, Dominic, "Mega Aluminum Smelter for Maputo?" African Business, January 1997, pp. 27-28.
  • "Empowerment Deal for Gold Fields," Mining Journal, June 13, 2003, p. 393.
  • Freimond, Chris, "Rob Angel--Driving Engen," Executive, May 1990.
  • "Gencor to Shed Base Metals and Buy Australian Nickel," New York Times, June 19, 1997.
  • "Gold Fields Looks to Expand Abroad," Platt's Metals Week, November 24, 2003, p. 4.
  • Green, Timothy, The New World of Gold, New York: Walker and Co., 1981.
  • Johnson, Paul, Consolidated Gold Fields: A Centenary Portrait, London: Weidenfeld & Nicolson, 1987.
  • Jones, J.D.F., Through Fortress and Rock: The Story of Gencor 1895-1995, Johannesburg: J. Ball, 1996.
  • Kilalea, Des, "Gencor Looks Ahead," Finance Week, April 27-May 3, 1989.
  • McKay, David, "Gencor, Australian Firm in Indonesian Deal," Business Day, October 23, 1996.
  • ------, "Gencor to Revise Mozambique Plan," Business Day, February 26, 1997.
  • McNulty, Andrew, "Man of the Year--Gencor's Derek Keys," Financial Mail, December 25, 1987.
  • Ross, Priscilla, "Implats' Impasse," African Business, June 1996, p. 22.
  • ------, "Birth of a New Giant," African Business, April 1998, p. 14.
  • Ryan, Brendan, "GFSA-Gencor Gold Merger," Financial Mail, October 17, 1997, p. 32.
  • Scudder, Brian, "Tiny Shouts, But Nobody Listens," African Business, January 1996, p. 23.
  • "South African Conglomerates: The Unbundling Begins," Economist, May 15, 1993.
  • "South African Gold: A New Vein," Economist, September 27, 1997.
  • "South African Gold Giants to Combine," New York Times, October 11, 1997, p. D14.
  • "Unbundling: Restructuring the Corporate Scene," Barron's, October 11, 1993, p. 72.

Source: International Directory of Company Histories, Vol.62. St. James Press, 2004.