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    market news

    Gold Fields – Sale of Arctic Platinum Project to CD Capital

    Melissa Shaw
    Jan. 24, 2018 09:10AM PST
    Gold Investing

    Gold Fields (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the sale of its palladium-rich, polymetallic Arctic Platinum Project (APP) in northern Finland. The buyer is a Finnish subsidiary of private equity fund CD Capital Natural Resources Fund III (CD Capital), headquartered in London. Nick Holland, CEO of Gold Fields, commented: “The divestment of APP is consistent …

    Gold Fields (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the sale of its palladium-rich, polymetallic Arctic Platinum Project (APP) in northern Finland. The buyer is a Finnish subsidiary of private equity fund CD Capital Natural Resources Fund III (CD Capital), headquartered in London.
    Nick Holland, CEO of Gold Fields, commented:

    “The divestment of APP is consistent with our strategy of divesting non-core assets, and reinforces the focus that Gold Fields continues to show in relation to its asset portfolio.
    We are pleased to have balanced the purchase price between up-front cash and continued long-term exposure through the royalty, and believe this to be a positive outcome for both parties.”

    Click here to read the full text release.

    market newsnyse:gfi
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