Gold Fields arranges US$500 million loan refinancing

London, England — MININGREVIEW.COM — 31 March 2010 – South African-based Gold Fields Limited “’ Africa’s second biggest gold producer and the world’s number 4 producer “’ is self-arranging a loan refinancing of around US$500 million (R3.75 billion).

This was revealed here by two banking sources, one of whom said that the financing “’ which had been launched on Monday “’ was being clubbed at the top level, but might possibly be syndicated further.

Gold Fields was not immediately available for comment.

Reuters reports that Gold Fields joins fellow South African miner AngloGold, which is self-arranging a four-year, US $1 billion (R7.5 billion) loan, according to a banking source.

Gold Fields last tapped the loan market in May 2009 for a one-year, US$311 million (R2.3 billion) financing via Barclays and Royal Bank of Scotland.