Sons of Gwalia&#39;s Administrators May Sell Gold Mines
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Sons of Gwalia Ltd., the world&#39;s biggest supplier of tantalum, appointed outside managers after failing to reach agreement with creditors and may sell its Australian gold mines.
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National Australia Bank is looking at selling its scandal-hit Irish operations after receiving several offers for the businesses, just a day after the bank's chief executive said such a move was unlikely.
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South African gold miners continue a war of the words.
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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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The proposed foreign takeover of WMC Resources has attracted more criticism, with concern the mining assets at stake could one day be an issue of national security.
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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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By Jason Webb BOGOTA, Colombia  - Colombia may recover itslong-lost status as a significant gold producer thanks toimproved security and a rebound in prices, which have allowed aCanadian company to reopen a mine troubled by rebels.
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TOM ELLIOTT, MM&amp;E CAPITAL: Well, the bid that received the most attention was London-based Xstrata&#39;s offer to buy WMC Resources, the old Western Mining, at $6.
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The owners of the Northern Bank have confirmed for the first time that it may be on the market. The National Australia Bank has said it will consider selling its operations on both sides of the Irish border.
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GLOBAL miner BHP Billiton Ltd and the world&#39;s largest aluminium producer, Alcoa Inc, plan to raise up to $US100 million ($138 million) in calendar 2004 by selling shares in their metal-processing
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A strike at the world's largest privately-owned copper mine may be near an end after an outline deal is reached.
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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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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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Iamgold, a Canadian mining company, said that it would buy Cambior, a rival, for about 1.33 billion Canadian dollars ($1.2 billion) in stock, to create a gold mining operation with more than one million ounces of annual production. The deal will push Iamgold to the top of the midtier gold producers and comes six months after the miner bought Gallery Gold of Australia. ÂWe believe it sets the stage for us to join the senior ranks as we move forward in this company,Â IamgoldÂs chief executive, Joe Conway, left, said.
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IN a potential boost for WMC&#39;s plans to ramp up its long-term uranium production, the West Australian Opposition yesterday said it would consider &quot;on merit&quot; any proposals for new uranium mines in the state.
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PERTH (Dow Jones)--Sons of Gwalia Ltd. (SGW.AU), Australia&#39;s second-biggest gold producer, has fallen into administration over aA$348 million hedge book liability.
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Gold Fields has made a secret offer to buy out its largest shareholder as a last-ditch defence against a hostile $8.1bn (Â£4.35bn) bid from Harmony, its rival South African gold producer.