Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Gold Fields disputes Ghana tax bill

Gold Fields disputes Ghana tax bill

SOUTH Africa-listed gold miner Gold Fields said it is disputing tax payments demanded by the Ghana Revenue Authority (GRA) after an audit and is working with the tax authority to resolve the matter. Gold Fields, which has three gold-mining operations in Ghana, said it could not disclose the size of the back taxes bill but said it is "nowhere close" to the amount Ghana has demanded from mobile operator MTN. The Ghana tax authority last month slammed mobile operator MTN with a $773 million bill for back taxes after auditing it for the years 2014 to 2018, an assessment MTN is fighting as…
Read More
Gold Fields sweetens Yamana deal to win over investors

Gold Fields sweetens Yamana deal to win over investors

NELSON BANYA SOUTH Africa's Gold Fields fielded questions from sceptical investors after the company promised higher dividends and a Toronto Stock Exchange (TSX) listing to sweeten its proposed takeover of Canada's Yamana Gold. The miner announced plans to acquire Yamana in an all-share deal valuing the Canada-listed miner at $6.7 billion on May 31, but market reaction was largely negative and Gold Fields shares plunged 20% on the day. Gold Fields shareholders are expected to vote on the deal during the second week of October, company officials said on Monday. The company, which has a primary listing on the Johannesburg Stock…
Read More