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Gold Fields methane project to net R200m carbon credits


| Sourced From Businessday |

GOLD FIELDS will capture methane from its Beatrix mine in the Free State and sell 1700 certified emissions reductions (CERs) in a R200m deal that will run until 2016, it said yesterday.

The deal, makes Gold Fields the first gold mining company in the world to sell the CERs which are financial securities used to trade carbon emissions.

Gold Fields said it would sell the CERs to European energy trading company Mercuria Energy Trading SA.

The contract protects Gold Fields from the fluctuations of the price of carbon credits for at least six years.

CEO Nick Holland yesterday said the credits traded at

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