Norilsk Nickel buys stake in Gold Fields Limited

Norilsk Nickel has purchased a 20-percent stake in the gold producing company Gold Fields Limited at $1.16bn, the press service of the Russian company reported. The deal was made through Norilsk Nickel's 100 percent subsidiary Norimet (London). BMO Nesbitt Burns Inc. was the financial consultant of the deal.

Gold Fields Limited is one of the largest gold producers in the world with an annual output volume of 4.3m oz. The company runs projects on five continents (Africa, Europe, North America, South America and Australia). It main production facilities are located in South Africa, Ghana and Australia.