Mining law reform must build more than share prices
IN her recent FM column, Ann Crotty makes an argument that deserves a serious answer. The JSE’s problem, she writes, is not that raising capital is hard, but that there is little…
Gold miners show restraint in takeover rush
GOLD miners are pursuing acquisitions with more discipline than in previous booms, favouring share-based payment and cost savings, the Financial Times’ Lex column said. Gold…
Gold Fields will have to offer more to bag Northern Star
A SUREFIRE means of merger & acquisition (M&A) success is to pay cash — and barrel-loads of it. Easier said than done. Mining shareholders, including those of Gold Fields, want…
Gold Fields bid exposes Australia’s missing gold champion
GOLD Fields’ A$39bn ($27bn) approach for Northern Star Resources has revived an awkward question for Australia: why a country with its mining pedigree has never produced a gold…
Ghana mining bill seeks wider state powers
GHANA plans to give the state greater control over mining companies, including the right to demand a free special share carrying veto powers over some major transactions, Reuters…
Mining majors chase scale despite failed megadeals
MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…
Gold Fields threatens to walk from Aussie tilt
GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…
Gold Fields goes hostile in $27bn Northern Star takeover
GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…
Why Gold Fields is keen on Australia’s Northern Star
WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…
Gold Fields eyes Northern Star takeover – report
GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would…
Former Gold Fields boss to join hunt for critical minerals
FORMER Gold Fields CEO Chris Griffith, who exited the miner four years ago after a failed mega-merger bid for Canada’s Yamana Gold, has joined a private equity venture aiming to…
Discovery targets mining with 24-hour renewables plan
DISCOVERY Green has signed several mining companies to a renewable power offering that targets 90% of their electricity needs. A mix of wind, solar and batteries can help meet…
Recovery at Gold Fields masked by permitting woes
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Northam Platinum finally secures “rock star” status
IT has taken some 40 years but Northam Platinum has finally achieved the “rock star” status that the former Gold Fields of South Africa envisaged when it decided to develop the…
SA miners head for best month on record
SOUTH African precious-metals miners are staging a comeback, with the sector heading for its best month on record, Bloomberg reported. The FTSE/JSE Precious Metals and Mining…
Gold Fields sticks to 2029 Windfall target despite permit delay
GOLD Fields still expects first gold from its Windfall project in Canada in 2029 despite delays in getting environmental approval that have eaten into the summer construction…
Gold Fields flags Ghana risk as profits surge
Gold Fields has warned that uncertainty over the renewal of mining leases at its Tarkwa mine in Ghana could have a “material and adverse” impact on the company. This caution…
Johannesburg is having a gold rush … Sort of
THE last time gold was as valuable, prospectors, gamblers, bounders and other rakes were united in scouring the globe – from California to Johannesburg – with their pickaxes and…
Gold Fields: Salares Norte shines but Windfall capex at risk
SALARES Norte, a mine high up in Chile’s Atacama desert, was the bane of Mike Fraser in his first year as CEO of Gold Fields. This year, however, it is promising to be his…