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Chris Griffith, the incoming CEO of Gold Fields ,who will replace Nick Holland from April, is regarded by the industry as a steady hand to steer the company to new territories and continue the turnaround of its only mine in the country, the South Deep.
Griffith, a mining industry stalwart, joins the firm at a time when gold mining is at a crossroads, with the extraction of available minerals from deep mines posing a financial challenge to companies, in a country with unreliable energy supply. Investment in the sector remains weak, as more companies lean towards modernisation of mining technology.
Turning around the fortunes of South Deep, which has been plagued by years of financial losses is bound to be at the top of Griffith's agenda, with the outgoing chief executive in 2019 having ruled out any possibility of the sale of South Deep, until at least it gets back to profitability.