NEWS

Proceeds of Gold Fields book build to pay down rand debt

Gold Fields announced the successful placing of R2.5 billion of shares down via an accelerated book build to existing investors on the JSE today. The company said the book build was “significantly oversubscribed” and resulted in the company issuing 38.8 million new Gold Fields shares at a price of R59.50.

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SA miners say being unduly pressured over licenses

The Chamber of Mines of South Africa, which represents companies including Glencore and Anglo American, said it wants reports probed that mines are receiving notices from the government suspending operations because they don’t meet black ownership requirements probed because those regulations are due to be ruled on by a court.

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