Procopé & Hornborg advises Gold Fields LTD on the sale of sale of its palladiumrich polymetallic Arctic Platinum Project (APP) to the funds managed by CD Capital, UK

Gold Fields is one of the world’s largest unhedged producers of gold and other valuable minerals. The sale included all of the project assets for APP in northern Finland, including the Suhanko mining licence and associated real estate, all other mining and exploration properties, project permits and all other project related assets. The divestment of APP is consistent with Gold Fields’ strategy of divesting non-core assets and it reinforces the focus that Gold Fields continues to show in relation to its asset portfolio.

The buyer, CD Capital, is an independent private equity firm based in London that focuses on identifying and building world-class metals and mining assets. In partnership with high-caliber management teams, CD Capital takes an active, hands-on approach to unlock asset value.