Gold Fields slashes cash contribution in Iamgold deal by US$200 ...
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TORONTO (CP) - Trying to win crucial support from its own shareholders, South African mining mammoth Gold Fields Ltd. says it will contribute $200 million US less than planned to a $2-billion-US merger with Toronto&#39;s Iamgold Corp.
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JOHANNESBURG : South African mining giant Gold Fields lost a high court bid to halt a hostile takeover by rival Harmony Gold, which is seeking to create the world&#39;s biggest gold producer, a court official said.
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CALGARY (CP) - A subsidiary of South African miner Gold Fields Ltd. has bought 14.4 per cent of the shares of Comaplex Minerals Corp.
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The crucial Gold Fields shareholder vote on whether to merge Gold Fields&#39; international mining assets and those of Canada&#39;s IAMGold is set to take place on Tuesday, with the result hanging in the balance.
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Gold prices fell on Tuesday from 15-week  highs scored the previous day as investors took profits ahead  of the release of key U.S. data, dealers said.
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Gold Fields shareholders reject merger with Iamgold.
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Miner Harmony Gold can cut costs at takeover target Gold Fields Ltd. by up to $178.4 million and restrict job losses at its head office, senior management and service level, the firm said Thursday.
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TORONTO (CP) - Iamgold Corp. was shut out of another big merger plan Tuesday after shareholders of South Africa&#39;s Gold Fields Ltd.
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Gold shrugged off a tumbling U.S. dollar and fell more than 1 percent on Monday as investors cashed in on the metal's rally to its highest in nearly three decades last week.
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Gold Fields has rejected a $US7.2billion ($9.5billion) takeover offer by fellow South African gold producer Harmony Gold Mining, calling its rival &quot;financially stretched&quot; and suggesting Harmony could face a cash crunch.
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Gold edged lower on Monday after President George W. Bush's plan to give the U.S. economy temporary tax cuts and other measures totaling about $150 billion failed to inspire buying.
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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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Shares of Gold Banc Corp. (GLDB.O: Quote, Profile, Research) fell 3.8 percent on Tuesday after the Kansas banking company terminated an agreement to be bought by Silver Acquisition
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The Motley Fool - Here's something you don't see every day -- the continuing brouhaha between Oracle (Nasdaq: ORCL - News) and PeopleSoft (Nasdaq: PSFT - News) being a notable exception. South Africa's Harmony Gold Mining Company (NYSE: HMY - News) has announced a hostile takeover bid to acquire fellow South African miner Gold Fields Limited (NYSE: GFI - News). The transaction, if it takes place, would be an all-stock acquisition, with Harmony issuing 1.275 new shares in payment for each share of Gold Fields. The deal would value Gold Fields at more than &#36;8 billion. ...
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HARMONY has voted its 10,8% of Gold Fields shares against a planned reverse-listing of Gold Fields assets outside southern Africa into IAMGOLD of Canada, Harmony director Ferdi Dippenaar said yesterday.
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THE defence of Gold Fields against a hostile $8.1 billion (Â£4.3 billion) bid from Harmony Gold Mining, its smaller South African rival, was dealt a further blow last night when a US court threw out its legal challenge to the takeover.
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US gold futures fell from a 16-1/4-year peak on Thursday as traders took profits from a rally above $445 an ounce amid a softer euro against the dollar and after a new much-hyped gold security launched in New York.