{"id":3150,"date":"2013-09-10T16:41:37","date_gmt":"2013-09-10T16:41:37","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=3150"},"modified":"2013-09-10T16:41:37","modified_gmt":"2013-09-10T16:41:37","slug":"south-africa-miner-probed-by-sec","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=3150","title":{"rendered":"South Africa miner probed by SEC"},"content":{"rendered":"<p><strong>By David Dolan and Ed Stoddard<\/strong><br \/>\n<em>Reuters<\/em><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-3152\" alt=\"gflogo\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2013\/09\/gflogo.gif\" width=\"155\" height=\"107\" data-id=\"3152\" \/>South African bullion producer Gold Fields said on Tuesday it was being investigated by the U.S. Securities and Exchange Commission over a $210 million black empowerment deal involving a senior member of the ruling party.<\/p>\n<p>Gold Fields, which is also listed in the United States and so subject to scrutiny from U.S. regulators, said in a statement it was being probed over the 2010 deal and the granting of a mining license for its South Deep mine near Johannesburg.<\/p>\n<p>The 2.1 billion rand ($210 million) transaction saw Gold Fields give a 9 percent stake in South Deep to a group of black investors to meet government targets for black economic empowerment (BEE), including black ownership.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/2013\/09\/10\/us-safrica-goldfields-idUSBRE9890JX20130910\" target=\"_blank\"><strong>Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African bullion producer Gold Fields said on Tuesday it was being investigated by the U.S. Securities and Exchange Commission.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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