Gold Fields takes $1.5bn demerger loans

London (Reuters, 2012-12-03) – Barclays, Credit Suisse and JP Morgan have underwritten a $1.5bn financing package to back Gold Fields’ demerger of two gold mines and refinance existing Gold Fields [JSE:GFI] debt, bankers said on Monday. The three banks have opened a $900m loan to participation by other banks and will hold the remaining $600m as a bridge loan to a planned bond issue, the bankers said.

IMF halts Congo loan over mining contract concerns

Dec 3 (Reuters) – The IMF has halted $240 million in planned loans to Democratic Republic of Congo for failing to publish mining contracts as requested, the IMF’s representative in Congo said on Monday. President Joseph Kabila, grappling with a costly war in the eastern borderlands, had sought to woo investors with promises to tackle rampant corruption.