South African Mining Company Buying a Major Gold Reserve
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Gold Fields said that it would acquire a 50 percent stake in the South Deep mine in South Africa from Barrick Gold of Toronto in a deal worth more than $1.5 billion.
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Copper producer Antofagasta makes a $400m offer for Australian business Equatorial Mining, sparking a bid battle.
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South African gold producer Gold Fields has rejected a $8.2bn (Â£4.5bn) bid by rival Harmony which would have created the world&#39;s largest gold company.
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South Africa&#39;s largest domestic gold producer Harmony will reportedly make a surprise takeover bid on Monday for the world&#39;s fourth biggest, Gold Fields.
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Iamgold, a Canadian mining company, said that it would buy Cambior, a rival, for about 1.33 billion Canadian dollars ($1.2 billion) in stock, to create a gold mining operation with more than one million ounces of annual production. The deal will push Iamgold to the top of the midtier gold producers and comes six months after the miner bought Gallery Gold of Australia. ÂWe believe it sets the stage for us to join the senior ranks as we move forward in this company,Â IamgoldÂs chief executive, Joe Conway, left, said.
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A $7.4 billion takeover bid for the Australian mining company WMC Resources has seen its share price surge by 36 per cent. The Swiss-based mining house Xstrata wants to add WMC Resources to its Australian mining portfolio.
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South Africa's Harmony Gold has made an unsolicited 52.9 billion rand (&#36;8.2 billion) bid to take over bigger domestic rival Gold Fields to create the world's biggest gold producer, it said on Monday.
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THE multimillion-dollar investment by Norilsk Nickel, the Russian mining giant, in Gold Fields could be set to give the group a 10 per cent stake in the worldâs biggest gold mining company.
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South Africa&#39;s largest domestic gold producer is poised to make a surprise takeover bid for Gold Fields. With the backing from Russian metals giant Norilsk Nickel, Harmony will
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Goldcorp Inc., Canada&#39;s fourth- largest gold producer, has agreed to buy Wheaton River Minerals Ltd. for $1.8 billion in stock, giving Goldcorp its first assets outside of North America, Chief Executive Robert R. McEwen said.
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Anglo-Australian mining giant BHP Billiton say it has made an offer to buy its rival Rio Tinto.
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Vancouver-based Goldcorp Inc. will   acquire Glamis Gold Ltd. in a stock transaction worth $21.3   billion to create one of the world's largest gold mining   companies, the firms said on Thursday.
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Harmony Gold Mining Co., the biggest miner of South African gold, may have to raise its hostile 39.3 billion rand ($6.7 billion) offer for Gold Fields Ltd.
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JOHANNESBURG (Dow Jones)--North American shareholders will play a decisive role in the outcome of the bitter takeover battle between South African gold giants Harmony Gold Mining Co.
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Harmony Gold Mining Company Ltd., the biggest miner of South African gold, made an &#36;8.1 billion all-stock bid Monday to takeover competitor Gold Fields Ltd. &#151; on the condition that Gold Fields step away from its planned &#36;2.1 billion acquisition of Iamgold Corp.
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South Africa's Harmony Gold has  made an unsolicited 52.9 billion rand ($8.2 billion) bid to  take over bigger domestic rival Gold Fields to create the  world's biggest gold producer, it said on Monday.
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Gold Fields Ltd. may bring forward the date for shareholders to vote on its proposed $2.1 billion purchase of Canada&#39;s Iamgold Corp.