Gold Field?s rival Harmony unveiled a surprise US$8 billion bid for Gold Fields last Monday. The combined companies would produce 7.5 million ounces a year and potentially overtake American firm Newmont as the world's biggest goldminer. Gold Fields has rejected the bid.
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No One Wants To Rescue Gold Fields
The largest gold mining companies of North America said they unlikely could rescue South African...
The largest gold mining companies of North America said they unlikely could rescue South African Gold Fields from an undesirable takeover bid by its compatriot Harmony Gold.
Placer Dome and Newmont Mining denied Gold Field?s request, saying that they have other businesses and deep-level operations are not their speciality. Placer Dome's vice-president of investor relations, Joe Danni, said the company had already invested significantly in South Africa, "and I think our preference is to make that investment work before we consider further investment". Newmont said it had not considered investing in South Africa.
Gold Field?s rival Harmony unveiled a surprise US$8 billion bid for Gold Fields last Monday. The combined companies would produce 7.5 million ounces a year and potentially overtake American firm Newmont as the world's biggest goldminer. Gold Fields has rejected the bid.
Gold Field?s rival Harmony unveiled a surprise US$8 billion bid for Gold Fields last Monday. The combined companies would produce 7.5 million ounces a year and potentially overtake American firm Newmont as the world's biggest goldminer. Gold Fields has rejected the bid.
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