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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 56
Change 0
% Change 0
Cumulative volume 1639888
Market cap 0

Last Updated: 01/01/0001 at 12:00. 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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