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Gold Fields says to lose 7,000 oz/day on power cuts

JOHANNESBURG, Jan 25 (Reuters) - South Africa's Gold Fields GFIJ.J, the world's fourth biggest gold producer, expects to lose 7,000 ounces of gold a day after it halted production at all its mines due to a national power crisis.

Gold Fields said in a statement that state-owned utility Eskom [ESCJ.UL] had informed it that electricity to key industrial customers would be reduced to “survival levels” or switched off totally for the next two to four weeks.

“This will have a serious effect on the South African operations and will negatively affect our gold production,” Gold Fields said. (Reporting by James Macharia)

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