Harmony Gold Stakes a Bold Claim
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The upstart miner has won a huge round as part of its hostile takeover bid for Gold Fields. It&#39;s not money in the bank yet, though.
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A major re-ordering of South Africa&#39;s gold mining industry is expected to get under way today with Gold Fields of South Africa poised to announce a multi-billion dollar merger with one of its big Johannesburg-based rivals, most likely Harmony Gold.
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Here we go! The not-so-surprise announcement by Harmony Gold Mining that it was looking to &quot;merge&quot; with Gold Fields is sure to provide plenty of entertainment.
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GOLD Fields may launch a new set of legal challenges in New York on top of those launched in SA against the hostile takeover bid by Harmony, which was initiated last month.
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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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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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South African regulators ruled Monday in favor of Harmony Gold Mining Co. Ltd. in the first of a series of legal and regulatory challenges to its hostile &#36;7.1 billion takeover bid for rival mining company Gold Fields Ltd.
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THE merger of Harmony and Gold Fields is attractive in that it will not only create the biggest gold producer in the world, but one which is truly South African.
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Harmony, the listed gold miner, has not put a final figure on how much it will have to spend on its hostile bid for local rival Gold Fields.
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JOHANNESBURG (Dow Jones)--Harmony Gold Mining Co. (HMY) Monday launched a 52.9 billion rand ($1=ZAR6.4150) takeover offer for South African peer Gold Fields Ltd.
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Harmony Gold Mining's hostile bid today to acquire buy Gold sparked what is certain to be a bitter takeover battle.
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Shareholders of Harmony Gold Mining Co. on Friday overwhelmingly approved issuing new shares to fund the company's hostile takeover bid for Gold Fields Ltd.
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Harmony&#39;s bid to create the world&#39;s biggest gold miner suffered a blow yesterday when the first part of its offer for South African rival Gold Fields received a lukewarm reception from shareholders.
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Harmony Gold Mining, the largest miner of South African gold, made a hostile bid yesterday to acquire Gold Fields Ltd., another South African miner, for 52.
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LONDON (CBS.MW) -- Gold Fields (GFI) said Friday it welcomed a decision by a South African appeals court that Harmony Gold Mining (HMY) cannot exercise any voting rights from Gold Fields shares it may acquire from its early settlement offer until
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HARMONY Gold Miningâs hopes of winning control of the rival Gold Fields appeared to be boosted yesterday, as Harmony swung to a first-quarter profit at operating level.