https://www.miningweekly.com

Gold Fields sets Sibanye listing dates

10th January 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Gold producer Gold Fields on Thursday said its newly launched gold-mining subsidiary Sibanye Gold would list on the JSE and the NYSE on February 11.

Gold Fields, which recently unbundled its deep narrow-reef Kloof Driefontein Complex and Beatrix narrow-reef underground mines into the new company, achieved all the required regulatory approvals for the transaction.

The group earlier stated that the division and subsequent formation of two independently governed and managed companies would enable increased operational efficiencies and allow each group to focus on their respective strategic aims.

Gold One CEO Neal Froneman would head up Sibanye and Gold Fields head of finance for international operations Charl Keyter would step in as CFO.

Gold Fields nonexecutive director and executive chairperson and founder of the Thesele group Sello Moloko would step down from Gold Fields’ board to take up his position as nonexecutive chairperson of Sibanye.

The JSE-listed group would unbundle its interest in Sibanye to existing Gold Fields shareholders on February 18, with each shareholder receiving one Sibanye share for each held Gold Fields share or one Sibanye American Depository Receipt (ADR) for every four Gold Fields ADRs.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.142 0.182s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: