Gold Fields has announced the unbundling of its subsidiary Sibanye Gold Limited, creating a new gold mining company to be listed on the Johannesburg Stock Exchange.

Sibanye Gold is 100 percent owned by Gold Fields, and operates the company’s KDC and Beatrix mines – operations which bore the brunt of recent strike actions.

However, Gold Fields will retain all other assets, including the South Deep Gold mine currently under development near Johannesburg.

Elsewhere on Ventures

Daily Brief Triangle arrow
Triangle arrow