(Reuters) - South African gold miner Gold Fields on Monday said it would compulsorily acquire the remaining Western Areas shares that it does not already own.
Gold Fields, which owns 95.6 percent of Western Areas, said Western Areas shares listed on the JSE would be terminated on March 30.
Read more at Reuters Africa
Showing posts with label Western Areas. Show all posts
Showing posts with label Western Areas. Show all posts
Monday, March 26, 2007
Thursday, January 25, 2007
G.Fields sets $1.2 bln capital raising, Q2 profit up
Gold Fields Ltd the world's fourth-biggest gold producer, launched a $1.2 billion capital raising on Thursday as it posted a 5 percent rise in second-quarter profit, beating analysts' expectations.
Gold Fields shares, which have shed 8 percent so far this year, fell 2.9 percent to 122.30 rand by 0835 GMT, compared to a 1.35 percent fall in the gold mining index.
The South African firm also said it had spent $528 million to close out the 1 million ounce hedge book of recent acquisition Western Areas.
Gold Fields said earnings per share for the three months to end December, excluding the effects of financial instruments and foreign debt, rose to 147 South African cents from a restated 140 cents the previous quarter.
Read Full article at Reuters South Africa
Gold Fields shares, which have shed 8 percent so far this year, fell 2.9 percent to 122.30 rand by 0835 GMT, compared to a 1.35 percent fall in the gold mining index.
The South African firm also said it had spent $528 million to close out the 1 million ounce hedge book of recent acquisition Western Areas.
Gold Fields said earnings per share for the three months to end December, excluding the effects of financial instruments and foreign debt, rose to 147 South African cents from a restated 140 cents the previous quarter.
Read Full article at Reuters South Africa
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