Harmony Grabs Hold of Gold Fields
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HARMONY is set to become the world&#39;s biggest gold producing mining company in just four months. This week Harmony moved closer to successfully concluding its hostile bid for rival Gold Fields.
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The board and management of world number six gold miner Harmony are driven by value creation for Harmony shareholders, Harmony Chief Executive Bernard Swanepoel said in a letter released on Wednesday.
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World number six gold miner Harmony Gold on Monday announced that it had secured 10.8 percent of shares in world number four gold miner Gold Fields as a result of its early settlement offer, which closed at 12h00 on Friday.
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JOHANNESBURG : South Africa&#39;s Harmony Gold Mining Co. Ltd. said it would bid for control of Gold Fields Ltd, valuing it at 8.1 billion dollars (6.
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JOHANNESBURG  -- Gold Fields, the takeover target of smaller rival Harmony, contained its costs on its South African mines during the September quarter.
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At the end of last month, Harmony took legal action to prevent Gold Fields casting a &quot;discretionary proxy&quot; vote on behalf of US shareholder Bank of New York.
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The battle for control of Gold Fields starts in earnest on Friday with the closing, at noon Johannesburg time, of the first stage of Harmony&#39;s two-part merger offer to the bigger company&#39;s shareholders.
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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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South African gold analyst for Tlotlisa Securities Nick Goodwin on Friday recommended to his clients, that are Gold Fields (GFI) shareholders, that based on various metrics that compare Harmony&#39;s
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By Reuters. Gold Fields said yesterday that it had filed suit in the United States against Harmony Gold Mining, a rival South African miner, in an attempt to stop Harmony&#39;s hostile $7.
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JOHANNESBURG: South Africaâs Harmony Gold has pounced on bigger domestic rival Gold Fields with an unsolicited, all-share takeover bid worth about $8bn to create the worldâs biggest gold producer.
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Harmony Gold Mining today reported a cash operating profit of R133 million for the first quarter of the 2005 financial year. It described this as a &quot;significant turnaround&quot; following the loss of R43.
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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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Gold Fields announced on Friday that it had filed a complaint in a New York district court against Harmony Gold Mining in connection with Harmony&#39;s &quot;coercive&quot; two-step offer for the shares of Gold Fields.
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Harmony Gold Mining Co, South African gold firm, has made a $8.2 billion bid to acquire its much bigger rival -- Gold Fields. If the acquisition or the merger goes through, it would create the world&#39;s largest gold producing company.
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Johannesburg - South Africa&#39;s Harmony Gold Mining on Monday announced that it to launch a takeover bid for Gold Fields, offering a 29-percent premium for its entire share capital to create the world&#39;s leading gold mining group.
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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.