Gold Fields enters a year of big spending

As Gold Fields CEO Nick Holland leaves the company, sounding warnings about the mining investment climate in SA, the global gold miner is entering a year of large capital expenditure to build a new gold mine in Chile.

Holland is retiring, making way for former Anglo American veteran Chris Griffith, the CEO of its platinum division for seven years. Gold Fields has nine mines in Africa, Australia and South America and it is building Salares Norte, its tenth...