Going back to Safety of Gold.
UPDATE 1-Gold Fields to boost output at South Africa mine
Fri Oct 2, 2009 8:38amhttp://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSL250429520091002?rpc=401&
* Company to spend $1.10 bln
* Output to rise to 5.8 tonnes per qtr by 2014
SOUTH DEEP MINE, South Africa, Oct 2 (Reuters) - Gold Fields (GFIJ.J), the world's No. 4 gold producer, said on Friday it plans to spend 8.5 billion rand ($1.10 billion) to develop its South Deep mine in South Africa by 2014.
The mine will produce 2 tonnes of gold per quarter this year, and 5.8 tonnes of gold per quarter in 2014, Vishnu Pillay, head of Gold Fields' South Africa operations said during a visit to the mine.
"We want to be the largest producer in the world," he said. (Reporting by Shapi Shacinda)