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Norilsk Transfers Gold Fields Stake To Polyus

Russian metals giant Norilsk Nickel said Friday it has transferred its 20.05 % stake in South African gold producer Gold Fields

Russian metals giant Norilsk Nickel said Friday it has transferred its 20.05% stake in South African gold producer Gold Fields to a separate holding company as part of its plan to spin off its gold assets.

Norilsk?s gold production unit Polyus, which incorporates Norilsk's primary gold assets, will likely consolidate the stake in June.