Gold Fields Limited has denied a report Bloomberg which suggests that it would like to merge with its larger South African rival AngloGold Ashanti Ltd., as the industry experiences a wave of consolidation.
According to the report, Gold Fields believes it would be the ideal combination as the two miners operate in similar jurisdictions and have a shared philosophy.
The source said discussions haven’t taken place yet for the deal that would bring together two miners with a combined market value of about $8 billion.
But a statement by the multinational company Thursday said the report “is factually incorrect and we completely disassociate ourselves with the statement.”
Source: Ghana|Myjoyonline.com
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