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Gold Fields shares jump on unbundling

Nov 29 2012 10:11 Reuters

Company Data

GOLD FIELDS LIMITED [JSE:GFI]

Last traded 51.09
Change 0.68
% Change 0.01
Cumulative volume 480847
Market cap 39.61bn

Last Updated: 01/09/2014 at 12:52. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.

 
gold fields  |  mining
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