Gold Fields’ Spat With Ghana Contractor Heads for Arbitration
A Gold Fields Ltd. mine in Tarkwa, Ghana.
Photographer: Francis Kokoroko/BloombergA $740 million dispute between Gold Fields Ltd. and a mining contractor in Ghana will be fought out in arbitration.
The Johannesburg-listed gold producer said in an update this week that its spat with Engineers & Planners Co. is “now progressing to arbitration.” The miner confirmed by email that E&P has initiated the proceedings, which will take place in Ghana rather than an international tribunal.