GOLD FIELDS MOVES INTO THE BLACK

GOLD mining giant Gold Fields reported higher quarterly profits on the back of a stronger gold price and confirmed it is eyeing neighbouring gold miner Western Areas. Gold Fields also forecast a strong second half to the financial year, including a higher dividend payout for shareholders. Western Areas management said on Wednesday the company’s future was under review after it scrapped plans to form the world’s ninth largest gold company from the remnants of the JCI/Randgold group.