Gold Fields to Pay Iamgold $667 Million For Minority Stakes in Ghana Mines

Bloomberg reported that Gold Fields Inc. (JNB:GFI) will purchase stakes in two gold mines in Ghana.

The market news is quoted as saying:

Gold Fields is expanding as prices soar. Gold rose to a record $1,488.18 an ounce in London today as faster inflation and a weaker dollar boosts demand for the metal.

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