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Gold Fields Hanging On By The Skin Of Teeth

Harmony, a smaller domestic rival of SA gold miner Gold Fields, launched...

Gold Fields Hanging On By The Skin Of Teeth

Gold Fields has rejected yesterday any talks with its hostile bidder Harmony Gold Co.

Gold Fields chief executive officer Ian Cockerill said, "We don't consider this offer to be the basis for serious discussion. The Harmony offer remains woefully short on value.?

He added: "We believe Harmony cannot complete this ill-conceived offer, so it's hardly surprising that they so desperately want to talk."

Harmony, a smaller domestic rival of SA gold miner Gold Fields, launched an ambitious takeover bid to Gold Fields on October 18.

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