"JOHANNESBURG (miningweekly.com) – South African gold major Gold Fields confirmed on Tuesday that the US Securities and Exchange Commission (SEC) was investigating the 2010 black economic-empowerment (BEE) transaction associated with the granting of a mining licence for its South Deep operation.
The JSE- and NYSE-listed miner said in a statement that the probe was at an early stage.
News of the investigation follows an article by the Mail & Guardian on September 6 which stated that the company had in effect bribed African National Congress (ANC) chairperson Baleka Mbete to get a licence for South Deep.
According to the weekly newspaper, Mbete was endowed a R25-million share allocation as part of the deal following an “alleged threat by her representative”." continues
************************************** Listing brings responsabilities...so is good to dotting i and crossing t hoping everyone is happyyyyyy.
NKP Price at posting:
8.0¢ Sentiment: None Disclosure: Held
