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Gold Fields says Philippines deal likely

MINING.com Editor | November 11, 2011 | 9:06 pm Precious Metals Europe Gold 

South Africa’s Gold Fields Ltd is likely to take an option to acquire a 60% stake in an undeveloped gold-copper deposit in the Philippines before April, its chief executive said on Thursday. The company said in September it had made a non-refundable down payment of $66 million for an option to acquire the stake.

Read the full story at IOL

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