The companies Gold Fields and AngloGold have merged.
Thus, they form the largest gold mine in Africa.
The reasons for this were in part, the scarcity of gold and, in part, a reduction in the cost of mining.
Gold Fields has received 67% of the business shares.
33% went to AngleGold and 10% to the Ghanaian state.
It is expected to yield 900,000 ounces per year, for the first 5 years.
Technically, we can see a rapid increase in GFI’s stock price since the beginning of the week.
The price is just below the last high of 21687 ZAR
Rises up to the 24s direction are possible, but one should not rule out a setback.
Down to the 17s support level, this could occur on shortterm sell-offs.