Gold Fields Limited (Gold Fields) today announced that attributable Group production for the March quarter (Q1 2011) is expected to be approximately 830,000oz, which is 5% higher than for the corresponding quarter a year ago (793,000oz). As expected production is lower than that achieved in the previous quarter (900,000 ounces), almost entirely due to the customary Christmas break in South Africa, when all mines close for two weeks.Gravel Aggregate Production Line
The guidance of between 3.5 and 3.7 million ounces for the full year 2011, provided on 18 February 2011, takes account of the seasonal decline in production in South Africa which typically affects the March quarter.
The higher year-on-year quarterly production is due to improvements at both the South African and international operations.
Total cash costs and notional cash expenditure (NCE) are expected to be approximately US$750/oz and US$1,090/oz respectively, and the NCE margin for the Group is expected to be approximately 21%.
Atlas Copco Ltd has signed an agreement to acquire the Medical Gas Solutions business from Penlon Ltd, headquartered in the United Kingdom. Penlon Medical Gas Solutions is a leading provider of medical gas systems, medical vacuum equipment, and pipeline components for hospitals.
Penlon Medical Gas Solutions?business had revenues in 2010 of around MGBP 12 (MSEK 120) and employed about 100 people. The parties have agreed not to disclose the purchase price. The transaction is conditional on clearance by competition authorities.Sand Crushing Plant
Penlon Medical Gas Solutions is headquartered in Abingdon, Oxfordshire. The company has assembly facilities in the UK and sells through distributors to over 30 countries worldwide, including the Middle East, India, China and Japan. See also the Medical Gases section of www.penlon.com (). The anesthesia business will remain with Penlon Ltd.
he medical gas market is a growing segment worldwide and has an aftermarket business with a good potential. This acquisition supports Atlas Copco strategy of extending our medical gas offering globally and increasing revenues through aftermarket,?says Stephan Kuhn, Business Area President, Atlas Copco Compressor Technique.
The Atlas Copco Group already has a presence in the medical gas market through BeaconMedaes, which specializes in medical gas systems. With the acquisition of Penlon Medical Gas Solutions, Atlas Copco will further improve its global footprint and be a comprehensive solutions provider to worldwide medical gas customers. The business will become part of Atlas Copco Compressor Technique Industrial Air division and the products will be sold under the brand name Penlon Medical Gas Solutions.Sand Crusher Machine
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