Johannesburg - Gold Fields [JSE:GFI] share price surged as
much as 7% to its highest level in more than two weeks‚ after the gold producer
said it was unbundling its Beatrix and Kloof Driefontein Complex mines into a
separately listed vehicle on the JSE.
The new mining company‚ called Sibanye Gold‚ is to be headed
by mining veteran and dealmaker‚ Neal Froneman.
At 9:19am‚ Gold Fields’ share price was up 6.40% to R109.30‚
valuing the company at R79.756bn.