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Gold Fields finalises black empowerment deal

SOUTH Africa’s Gold Fields has released long-awaited details of its deal to sell a stake to black economic empowerment group Mvela Gold, a wholly owned subsidiary of Mvela Resources.

Greg Tubby
Gold Fields finalises black empowerment deal

Mvela will pay R4.14 billion (A$891 million) for a 15% beneficial interest in the South African gold mining assets of Gold Fields – Beatrix, Driefontein and Kloof. The South African government has set...

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