Gold Fields faces $1.43 billion Western Areas claim

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Fri, Aug 22, 2008
Gold Market News
Post by Melissa Pistilli, Gold Senior Reporter

Bloomberg.com reports Gold Fields faces $11 billion rand over claims on Western Areas Ltd to secure control of the world’s biggest gold deposit.

Gold Fields received a summons from Randgold and Exploration Company Ltd. and African Strategic Investment Ltd., the company said in a statement to Johannesburg’s Stock Exchange News Service today. It will defend the claim.

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