Gold Fields buys into MinMet

Gold Fields Latin America (BVI) Limited (Gold Fields), a wholly-owned subsidiary of Gold Fields Ltd of Johannesburg, has completed a CAN$860,000 (€530.400) private equity placement in ISEQ-listed MinMet's majority-owned subsidiary GoldQuest Mining Corp (GoldQuest).

In addition, Gold Fields has transferred its 50% participating interest in the Western Dominican Republic joint venture with GoldQuest into a fully-owned subsidiary of GoldQuest in exchange for equity in GoldQuest.