Gold Fields Bosses&#39; Bright Idea May Prove to Be Their Undoing
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GOLD Fields management may have only themselves to blame for yesterday&#39;s bid by Harmony to take over their company, a move which, if successful, is likely to cost them their jobs.
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Management is trying to turn things around, but the company's paying for past mistakes.
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The battle for control of South African mining group, Gold Fields, turned nasty yesterday when predator Harmony accused its rival of attempting to &quot;corrupt&quot; one of its employees to gain information.
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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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South African mining giant Gold Fields on Friday said it has filed a complaint in a New York court against rival Harmony to try and stop it from continuing with a hostile takeover to create the world&#39;s largest gold producer.
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THERE has been no sudden and dramatic change in the gold price or the Australian dollar price against the US dollar to account for a deterioration in Sons of Gwalia&#39;s gold reserves serious enough to tip the company into administration.
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The bitterly fought $8.1bn (Â£4.5bn) bid battle for control of Gold Fields is set to become even more acrimonious this week when Harmony Gold Mining launches a fresh attack on its target&#39;s track record.
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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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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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Harmony Gold Mining Co. Ltd. said Monday that Gold Fields Ltd. had attempted to hire one of its senior employees to leak information about Harmony&#39;s hostile takeover bid.
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GOLD Fields, moving to hold its ground in the face of an increasingly hostile takeover battle with Harmony, filed a complaint in a New York district court on Friday in one of many actions taken to stymie Harmony&#39;s bid to become the world&#39;s biggest gold
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HARMONY Gold Mining pledged yesterday to mount a legal challenge should Gold Fields, its takeover target, scupper a hostile $8.1 billion (Â£4.2 billion) approach today.
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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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Gold miners on  Russia&#39;s Kamchatka peninsula contend with volcanic eruptions,  floods and poor infrastructure, but high metal prices mean the  hard work pays off.
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BHP Billiton shareholders are about to be rewarded directly from the torrents of cash coursing through the giant resources group. Perversely, that may make some of them quite unhappy.
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An internal company report sheds new light on operations at Newmont Mining Corporation, which has drawn the rising ire of environmental groups.
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THE bid by charismatic Harmony CE Bernard Swanepoel to take over Gold Fields has all the makings of a bitter fight and one that may result, after years of success, in a serious setback for him.