Mbeki denies that continued uncertainty over proposals to charge mining companies royalties is undermining the industry or scaring away foreign investors.
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Harmony-Gold Fields Case: President Got Involved
Gold Fields is resisting a $7 billion all-share takeover by Harmony
The President of South Africa Thabo Mbeki called yesterday for a quick resolution to the takeover of South African gold mining company Gold Fields by the smaller gold mining company, Harmony Gold Mining Co. Ltd. However, he said he would not intervene.
Gold Fields is resisting a $7 billion all-share takeover by Harmony.
"This is a matter between Harmony and Gold Fields," Mbeki said. "We would hope that they will resolve it as soon as possible."
Mbeki denies that continued uncertainty over proposals to charge mining companies royalties is undermining the industry or scaring away foreign investors.
Mbeki denies that continued uncertainty over proposals to charge mining companies royalties is undermining the industry or scaring away foreign investors.
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