Gold Fields

3.4117647058829 (1785)
Posted by r2d2 04/20/2009 @ 07:19

Tags : gold fields, gold fields limited, gold, mining, business

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Gold Fields (GFI) PriceWatch Alert Bullish Price Movement - Market Intelligence Center
Gold Fields (NYSE: GFI) closed yesterday at $11.82. So far the stock has hit a 52-week low of $4.64 and 52-week high of $13.99. Gold Fields stock has been showing support around 11.15 and resistance in the 12.45 range. Technical indicators for the...
Ghana: Gold Fields Salutes Stars -
Gold Fields Ghana, Headline Sponsors of the Black Stars has congratulated the team for keeping their 100% win record in the ongoing World Cup qualifying campaign. The Black Stars' 2-0 win in Bamako last Sunday against Mali ensured Ghana tops Group D of...
South African Stocks: Anglo Platinum, Gold Fields, Mondi, York - Bloomberg
Gold Fields Ltd. (GFI SJ), Africa's second-biggest producer of the metal, rose for the first time in five days, adding 3.37 rand, or 3.5 percent, to 99.12 rand. Larger rival anglogold Ashanti Ltd. (ANG SJ) advanced 5.03 rand, or 1.6 percent, to 319.53....
South Africa Equities: BHP, Gold Fields, Sanlam, Sasol, Tongaat - Bloomberg
Gold Fields Ltd. (GFI SJ), Africa's second-biggest producer of the metal, fell for a third day, sliding 3.90 rand, or 3.8 percent, to 100 rand. Larger rival AngloGold Ashanti Ltd. (ANG SJ) fell 15.99 rand, or 4.8 percent, to 315 rand....
Gold Fields launches West Rand employee housing programme - Creamer Media's Mining Weekly
CARLETONVILLE ( – South African gold-mining major Gold Fields on Wednesday officially opened its new employee housing programme in the communities of Glenharvie and Blybank on West Rand. The company invested R196-million on building...
Gold Fields Sells Stake in Sino Gold to Eldorado - Bloomberg
By Ron Derby Eldorado will exchange 48 of its shares for every 100 shares of Sino Gold, Johannesburg-based Gold Fields said today in a statement. That will give the South African company 27.8 million shares of Vancouver-based Eldorado,...
Gold Fields (GFI) NewsBite - GFI Is On the Move - Market Intelligence Center
Gold Fields (GFI) appears to be on the move today and is now at $11.70, down $0.51 (-4.18%) on volume of 3086308 shares traded. GFI was covered in a Vic Wisemann report today. To read the report, and read what Vic has to say about investing in gold,...
Skagway, the northernmost port of the Alaska Inside Passage -
During the 1896 stampede for riches it played an important role as the last outfitting post along the Inside Passage seaway before the prospectors headed inland over the mountains to the Klondike gold fields. This tiny seaside village with wooden...
Gold Fields Sells Stake in Top Chinese Miner - Trading Markets (press release)
Johannesburg, Jun 08, 2009 (Business Day/All Africa Global Media via COMTEX) -- ELGDF | Quote | Chart | News | PowerRating -- GOLD miner Gold Fields has made a potential profit of 77m on its investment in Chinese gold miner Sino Gold by selling its 19...
Gold Fields shuts SAfrica mine after workers killed - Reuters
JOHANNESBURG, May 20 (Reuters) - Gold Fields (GFIJ.J), the world's fourth biggest gold producer, on Wednesday said it had been asked by authorities to shut its Kloof mine in South Africa after workers were killed in separate seismic events....

Gold Fields


Gold Fields Limited is one of the world’s largest unhedged producers of gold, providing investors with maximum leverage to the gold price. The company was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited.

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Kolar Gold Fields

Champion Reef mine shaft at KGF

Coordinates: 12°57′18″N 78°16′11″E / 12.9550°N 78.2698°E / 12.9550; 78.2698 Kolar Gold Fields (KGF) was one of the major gold mines in India and is located in the Kolar district in Karnataka, close to the city of Bangalore. It was closed in 2003 due to reducing deposits and increasing costs. The mine is considered the world's second deepest gold mine.

Gold was first mined in the area in the 2nd and 3rd century AD by the digging of small pits. During the Chola period in the 9th and 10th century AD the scale of the operation grew, but large-scale mining only came in the 1850s under the British with more manpower and sophisticated machinery. In 1873, M.F. Lavelle, a resident in Bangalore, applied to the Mysore Government for the exclusive privilege of mining in the Kolar district. His request was granted and he commenced operations by sinking a shaft near Urigam (Oorgaum) in 1875, but, finding that large capital would be required he, in the following year and with the approval of the government, transferred all his rights and concessions to the late Major General G. de la Poer Beresford. Major General Beresford formed a syndicate known as the Kolar Concessionaries (now merged into the Gold Fields of Mysore Co.) which took up the matter in earnest, and gradually acquired the area known as the Kolar Gold Fields.

The local Kannada speaking villagers refused to work in the deep pits of the mines and so people from the North and South Arcot districts of Tamil Nadu were settled around the various Shafts and a city was born.

Even today places in the area have names reminiscent of the presence of British people there; the two main towns Robertsonpet and Andersonpet being named after two British officers in the mines.

Also Bharat Earth Movers Limited (BEML) an Indian Public Sector Undertaking, has one of its branches located here. It manufactures a variety of heavy equipment, such as that used for earth moving, transportation and mining. BEML incorporated in May of 1964, and commenced operations on January 1, 1965. It was wholly owned and operated by India's Ministry of Defense until 1992, when the government divested 25% of its holdings in the company.

Kannada and Tamil are widely spoken by the people here apart from Telugu which is spoken by a substantial group of people. Three hundred thousand people lived in the Kolar Gold Fields at its peak production, but since the closing of mines in 2003 the population has reduced to less than a hundred thousand. Signboards are displayed predominantly in Kannada, Tamil and English all over KGF, and it is a bilingual town where people can speak two languages at ease.

People from many different places are settled in the Kolar Gold Fields. This includes Tamil speaking people from the north and south Arcot districts of Tamil Nadu. There are also Telugu speaking people from Kuppam, Ramakuppam, V-kota and other places from Chittoor district of Andhra Pradesh. So the culture has influence of all the three states Karnataka, Andhra Pradesh and Tamil Nadu. Given the mixture of population, many festivals are celebrated; the most famous and popular one being the Lakshmi Venkateshwara Jaatre.

The mining hospital has the distinction of being the best hospital in the whole of the Kolar district. A goddess temple situated near by the hospital is famous because of the legend that it was built by British personnel. The Hospital is recognized for occupational disease treatment. The Gold Company which is known as Bharat Gold Mines Limited has come out of various combinations and permutations. The company has record of having Morarji Desai as chairman of this company and some of the erstwhile chief Ministers of Mystore state as chairmen.

Bharat Earth Movers Limited a premier earth mover manufacturing company has a factory located in Kolar Gold fields.

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Particle experiments at Kolar Gold Fields

The Champion Reefs mine shaft at KGF

The Kolar Gold Fields (KGF), located in the Kolar district of the state of Karnataka, India, are a set of defunct gold mines known for the neutrino particle experiments and observations that took place here starting in 1960. The experiments ended with the closing of the mine in 1992.

The initial experiments that took place in KGF were related to the study of cosmic ray muons. KGF was chosen because the depths of its mines allowed muons to be studied in a better environment than what was possible with magnet spectrometers operated at sea-level. KGF also allowed the scientists to study the energy spectrum and angular distributions of muons even at very high energies. The mines had abundance of Kolar rock whose special characteristics with respect to density and chemical composition (different from that of normal rock) were also a useful advantage in the experiments. The first experiments involving variations of muon fluxes (a measurement of muons passing through a given media) with depth was conducted by Sreekantan. These were followed by experiments in 1961 by Miyake, Narasimham and Ramanamurty and sponsored by TIFR. During 1984, Naba Kumar Mondal, TIFR, and Prof. Ito, Osaka City University, Japan, performed experimental studies on "Proton Decay" and indirectly observed the scatter of muons. Murali and Balasubramaniam briefly assisted Mondal and Ito as research assistants.

Neutrino-related experiments were started in KGF in 1964. The main goal was the detection of atmospheric neutrinos, with an understanding that cosmic rays contain high energy pions and muons which decay in the Earth's atmosphere to produce billions of neutrinos. The experiments were conducted by groups from TIFR, Durham University and Osaka University using basic trigger with scintillation counters and Neon Flash Tubes (NFT) for tracking detectors. Seven detectors were deployed at a depth of 2.3 km in Heathcote shaft and Champion Reefs mines. The experiment discovered the first atmospheric neutrinos in an iron calorimeter here about the same time as a similar discovery in a mine in South Africa.

Some experimental observations, called Kolar events, have yet to be explained. They suggest the existence of massive (>3 GeV) particles having a long life (10−9 secs). These massive particles are also seen to decay into 2–3 particles.

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Champion Reefs

Champion Reefs is one of the main mining areas in the Kolar Gold Fields in India. The area is situated near Andersonpet in Kolar District. It has got in it the deepest mining shaft in Asia. Once again this place is named after a British officer called Champion. The Kolar Gold Fields is spread around 17 square kilometers and goes as down deep as 17,000 feet. The mines have been closed.

Champion reefs was once dominated by anglo Indian foremen miners.

Reginald Gregory was the first chief miner who started the mining project at Champion Reefs, headed by taylor & Sons they soon were able to purchase other mines.

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Kolar district

Someshwara Temple, Kolar.

Kolar ಕೋಲಾರ pronunciation (help·info) is a district in Karnataka state of India. The town of Kolar is the district headquarters. Due to the modern discovery of the Kolar Gold Fields, Kolar has become popularly known as the "Golden Land" of India.

Kolar District is situated in the state of Karnataka, India and belongs to its semi-arid drought-prone region. It lies between 77° 21' to 78° 35' east longitude and 120 46' to 130 58' north latitude, extending over an area of 8,225 km². Kolar district is located in the southern region of the State and happens to be the eastern-most district of the Karnataka State. The district is bounded by the districts of Bangalore Rural and Tumkur on the west; on the north, by Anantapur District, on the east by Chittoor District of Andhra Pradesh and on the south by Krishnagiri and Vellore of Tamil Nadu.

The district, at its greatest length, reaches about 135 km from north to south with almost the same distance from east to west. It occupies the table land of Mysore, bordering the eastern ghats. The general plateau surface is interrupted by a number of hills and peaks of varying heights, particularly in the north. The principal chain of mountains is the Nandidurga range which runs north from Nandi towards Penukonda and Dharmavaram of Andhra Pradesh. The rivers of the district, are small and seasonal. Palar, Uttara Pinakini and Dakshina Pinakini are the important rivers which originate in the elevated regions in the district.

Formerly, Kolar was known variously as Kolahala, Kuvalala and Kolala. Kolar was called Kolahalapura during the Middle Ages, but later came to be known as Kolar. Kolahahapura in Kannada meant "violent city", as it was the battlefield for the warring kingdoms of Chalukyas in the north and Cholas to the south. It was the capital of the Gangas till 4th century AD when they shifted the capital to Talakad in Mysore. In 1004 A.D., the Cholas annexed Kolar till 1116 A.D,. Vishnuvardhana (1108-1142AD) freed Gangavadi from the Cholas, and in commemoration of his victory, built the celebrated Vijayanarayana (Chennakeshva) Temple at Belur.

The major and important temples in the town are Kolaramma Temple and Someswara Temple. Someswara Temple is a fine example of Vijayanagara style while the Kolaramma temple is of Dravida vimana Style built in Ganga Tradition(11 century-A.D).

The old city of Kolar mainly consisted of the five areas of Kurubarapet, Gandinagar, Gowripet, Aralepet and Kataripalya. Kote, or the fort area once encompassed the temples of Kolaramma, Someshwara and was bordered by the Kolaramma Lake. Now the fort is all but gone, disappeared into new residential areas. The collapse of old town was hastened by the British Christian Missionaries who constructed a Church and school next to the temples.

As a district on the cross-roads of the three states, Kolar is home to many communities and represents a mini-India. The primary languages spoken here are Kannada and Tamil. Other languages spoken are Telugu and Urdu. It is one of the best place in karnataka.

Kolar Gold Fields(KGF) is a town in Kolar district which was once the primary gold mines in the country. Set up by the British, this town which is close to the border of Andhra Pradesh and has a Tamil and Anglo-Indian Population. Tamils were employed by the British and brought to KGF to work in the mines.

The major sources of employment are agriculture, dairy and sericulture, floriculture hence it is popularly known as the land of "Silk, Milk and Gold". Farmers in Kolar are totally dependent upon borewell water for irrigation and drinking. The gold mines in Kolar Gold Fields was closed in the 2003 due to reducing gold deposits and increasing costs of production.

The district comprises 5 talukas (From North to South -Chintamani, Srinivasapura,Kolar, Mulbagal,Malur, Bangarpet) . It has 15 towns and 3,321 villages (2889 inhabited villages and 432 uninhabited villages). Total population of the district according to 2001 census was 2,536,069 of which 24.67% were urban.

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Robertsonpet is a township in the city of Kolar Gold Fields in India. It is one of the first planned residential areas in modern-day India. The township was planned and built to accommodate the increasing population of the city of Kolar Gold Fields. The town hall popularly known as King George Hall is lavishly built in Victorian style with an impressive lawn and garden in front of it.

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Source : Wikipedia