Tokyo Sexwale, a director of SA goldminer Gold Fields and chairman of Mvelaphanda Resources mining company...
Tokyo Sexwale, a director of SA goldminer Gold Fields and chairman of Mvelaphanda Resources mining company, which owns 15% of Gold Fields? South African mines, is likely to visit Russia next week to talk to "his friends" at the country?s biggest gold and nickel miner Norilsk Nickel.
Sexwale intends to meet ?various strategic shareholders in Gold Fields and find a way forward that will stop the carnage in the Harmony and Gold Fields share prices.?
Gold Fields wants Harmony to remove all its loss-making and short-life shafts from any proposal up for discussion. It also demands a comprehensive, commercial due diligence on all Harmony?s assets.
Sexwale?s trip to Moscow could lead to a breakthrough given his contacts in Russia and his political standing and business stature in South Africa.
