Gold Fields: R200m carbon deal unveiled

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Gold Fields would invest in a R200 million carbon emissions trade deal to raise funds for clean energy projects, the gold producer said yesterday.

Gold Fields would sell 1.7 million certified emission reductions (CERs) – the securities used to trade carbon emissions – to Mercuria, a European energy trading company.

It said it planned to derive the CERs from the capture of methane gas at its Beatrix mine in the Free State. The sale would fund the installation of a methane extraction system. – Reuters

Posted on June 1, 2010 · in Carbon Market News

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