Gold Fields’ 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 R79.756 billion. - I-Net Bridge