A gold-to-platinum play

March 31, 2009

Mvela Resources sells 11m of its 50m Gold Fields shares, realising about R1.2bn, and all directed to reducing debt.

[ Johannesburg, 31 March 2009 ] - Mvelaphanda Resources, a leading black economic empowerment (BEE) mining name, on Monday announced the sale of 11 million of the 50 million shares it holds in Gold Fields, a Tier I global gold miner.

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