- Write by:
-
Wednesday, January 23, 2019 - 6:55:27 PM
-
996 Visit
-
Print
Mining News Pro - Gold Fields has denied that it wants to merge with its competitor AngloGold Ashanti, stating that an article published by Bloomberg on Tuesday was factually incorrect.
According to Mining News Pro - Bloomberg quoted a person familiar with the matter as saying Gold Fields wanted to merge with AngloGold as the mining industry is experiencing a wave of consolidation.
If a merger were to happen, it would bring together two miners with a combined market value of $8-billion. The enlarged company could produce about six-million ounces of gold a year, closing the gap on Newmont Mining Corporation and Barrick Gold Group, which have both entered into megadeals in recent months.
Bloomberg reported that the companies had discussed consolidation in September 2006, and that Gold Fields CEO Nick Holland had noted in April 2010 that the company was open to consolidation with AngloGold.
AngloGold did not comment on Bloomberg’s article.
Short Link:
https://www.miningnews.ir/En/News/329492
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
No comments have been posted yet ...