Harmony Does Not Surrender Hope

South African gold miner Harmony said Monday it has renewed negotiations with Gold Fields and its main stakeholder, Norilsk Nickel, on the $5.9 billion takeover bid and to consider some alternative transactions which could be mutually acceptable.

The heads of Gold Fields and Harmony met in Russia on Friday for provisional talks organized by Norilsk Nickel board.

A source close to Gold Fields said the negotiations were in an early stage and could last for weeks.