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Gold Fields 'takeover' plot thickens Restricted

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At least one gold-miner, Harmony Gold, confirmed this week that it had been approached by the US financier, Edward Pastorini, who is reportedly leading a group of “four or five” that plans to take over Gold Fields, but other rivals...
13th April 2007
 
 
Gold

Great Basin to raise C$130m for US project Restricted

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Canadian gold-miner Great Basin Gold on Friday announced that it had priced an offering of 50-million equity units at C$2,60 a unit, for C$130-million, which will be used to pay the cash purchase price of Hecla Ventures, for exploration and...
13th April 2007
 
 
Gold

FSB to probe Gold Fields takeover report Restricted

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The South African Financial Services Board (FSB) will launch a preliminary investigation into the reports of a takeover bid from a mysterious US financier, which sent gold-major Gold Fields share price to a seven-month high on Wednesday. FSB...
12th April 2007
 
 
Gold

Emperor sells Porgera stake to Barrick Gold Restricted

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Emperor Mines has agreed to sell its 20% interest in the Porgera joint ventture in Papua New Guinea to Barrick Gold Corporation, the company said on Thursday.
12th April 2007
 
 
Gold

Feb gold output fell 8,8% y-on-y Restricted

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South Africa lifted its total mining production for February by 4,4% year-on-year, but gold output fell by 8,8% in the same month, statistics showed on Thursday.
12th April 2007
 
 
Gold

Gold Fields shares leap on takeover talk, says 'not approached' Restricted

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Shares in South African miner Gold Fields jumped by almost 11,2% to R152,50 a share on Wednesday, following reports of a takeover bid from a group led by US financier Edward Pastorini. News service Bloomberg quoted Pastorini as saying that a group...
11th April 2007
 
 
Gold

Gold Fields owns 100% of Western Areas Restricted

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Gold major Gold Fields said on Tuesday that it acquired all the remaining shares in South African gold-miner Western Areas that it did not already own.
10th April 2007
 
 
Gold

Gold hedging may be back in contention in two years, says GFMS CEO Paul Walker Restricted

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A swing back to gold hedging should only be considered in two years, GFMS CEO Paul Walker said in Johannesburg on Wednesday. In reply to a question from Deutsche Securities gold analyst Muneer Ismail, Walker said that the issue of whether there...
5th April 2007
 
 
 
 
 
 
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