HomeGoldNedbank concludes R1.5bn facility for Gold Fields

Nedbank concludes R1.5bn facility for Gold Fields

Brad Maxwell, joint
head of mining and
resources for Nedbank
Johannesburg, South Africa — MININGREVIEW.COM — 12 May 2009 – Nedbank Capital and Nedbank Corporate – two of the three main business clusters of the Nedbank Group – have concluded a five-year, R1.5 billion revolving credit facility for Gold Fields Limited.

In a media release issued here, Nedbank confirmed that the funding would be used to refinance existing debt, and for general corporate purposes.

Nedbank Capital joint-head of mining and resources Brad Maxwell said: “The ability to lend in this difficult and uncertain market is a good indication that Nedbank is open for business, and continues to support its clients despite what has occurred in the international banking crisis.”

Gold Fields is the world’s fourth largest gold producer with operations in South Africa, Australia, Ghana and Peru. The company is listed on the JSE Limited (primary listing), New York Stock Exchange, NASDAQ Dubai Limited, New Euronext in Brussels and the Swiss Exchange. The mining group has a market capitalisation of approximately R70billion.