The gold price firmed on Monday, in line with stock markets and the euro, after Chinese data signalling quicker growth sharpened the appetite for high risk assets.
CEO Vitaly Nesis says exploration results have highlighted the potential of Albazino and pave the way for the expansion decision to be taken in the second half of 2013.
Barclays, Credit Suisse and JP Morgan have underwritten a $1.5 billion package to back Gold Fields' demerger of two gold mines and refinance its existing debt.
Vancouver-based SouthGobi has posted a quarterly loss and warned operations at its Ovoot Tolgoi coal mine will likely remain suspended in the fourth quarter.
South Africa's Rand Refinery set up a trading office in Singapore 18 months ago and the so-called assaying and sampling facility will be finished by year-end.
