Gold Fields Ltd.’s unit in Ghana said it will dismiss 1,500 of its own staff as the company is hiring a contractor to operate its biggest mine in the West African nation.
A contractor will take charge of the Tarkwa operations from early 2018 as the deposit’s remaining life span is too short to replace aging mine equipment, Gold Fields Ghana Vice President David Johnson said by phone on Tuesday. Tarkwa produces about 550,000 ounces of gold per year and has about five to six years left for its current design, he said.