South Africa&#39;s Harmony Gold to bid for GFI to create world leader
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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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Gold Fields Ltd. (GFI) said it rejected a takeover bid by Harmony Gold Mining Co. Ltd. to create the world&#39;s leading gold mining group, saying it was not in its interests.
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The share price of Harmony Gold came under pressure today, dipping some 8% after announcing a hostile bid for Gold Fields to create the world&#39;s biggest gold producer.
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Harmony Gold Mining Co., the biggest miner of South African gold, made a hostile offer to buy Gold Fields Ltd. for 52.9 billion rand ($8.
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JOHANNESBURG (Dow Jones)--Harmony Gold Mining Co. Ltd. (HMY) said in a statement Wednesday it has posted details of its proposed merger with Gold Fields Ltd.
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Gold Fields Ltd. won an appeal on Friday in its battle to stave off a hostile &#36;7.1 billion takeover by Harmony Gold Mining Co. that would create the world's largest gold mining company.
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JOHANNESBURG (Dow Jones)--South Africa&#39;s Securities Regulation Panel will next week hear objections from Gold Fields Ltd. (GFI) to the takeover offer the company received earlier this week from Harmony Gold Mining Co.
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HARMONY Gold, which has managed to acquire only 10,8% of Gold Fields in the first stage of its hostile takeover bid, put a brave face on its offer yesterday, saying it would immediately launch the second part of its offer for the remaining shares.
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Harmony Gold Mining Co. Chief Executive Bernard Swanepoel has plans for the 18-hole golf course, complete with zebras and monkeys, his company would acquire if his 52.
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JOHANNESBURG, SOUTH AFRICA - Harmony Gold Mining says it will try to block Gold Fields International&#39;s merger proposal with Toronto-based Iamgold, despite a South African court ruling prohibiting it from doing so.
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Harmony Gold, South African gold mining group, said it made a bid over its bigger rival Gold Fields to form the biggest gold producer over the globe.
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JOHANNESBURG - Mining giant Gold Fields will know after a crucial shareholder vote on Tuesday if it has succeeded in ending a cheeky hostile take-over bid by its rival Harmony to create the world&#39;s largest gold producer.
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South Africa&#39;s Old Mutual Asset Managers (OMAM) is still weighing its options regarding the bid by Harmony Gold (HAR) for Gold Fields (GFI), OMAM resources fund manager Patrice Rassou said.
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The vote by the shareholders of world number four gold miner Harmony on the group&#39;s bid for rival Gold Fields on late Friday morning is crucial to the continuation of Harmony&#39;s daring bid.
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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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Harmony on Sunday again urged Gold Fields&#39; shareholders to accept its offer for Gold Fields&#39; entire share capital, to create the world&#39;s leading gold mining group.
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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.