Bloomberg News

Standard Bank Unit Closes $60 Million Loan for Gold Fields Ghana

June 27, 2011

June 27 (Bloomberg) -- Standard Bank Group Ltd.’s Ghanaian unit said it signed a $60 million loan agreement with Gold Fields Ltd.’s operation in the West African country.

The three-year revolving loan will be used by Gold Fields Ghana Ltd. to replace its fleet at its Tarkwa and Abosso mines, Johannesburg-based Standard Bank said in an e-mailed statement today.

To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net


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