Written by Nelson Bouania and Aaditya Govindrao
(Reuters) -Australia's golden road resources said on Monday that it refused to offer to acquire 2.1 billion dollars in gold fields because it believes that the offer is less than their financial value and was “very opportunistic”.
Mike Fraser, CEO of Gold Fields, told Reuters that he was still confident that Gold Road will support the deal.
Through its presentation, the South African mine aims to unify the monarchy on the low -cost Gruyere Golder Gold Mine in Western Australia, which works under a joint venture with Gold Road.
“The show does not attribute any value at all to the potential expansion of the Gruyere mine,” Gold Rudd said in a statement.
Gold Rudd said she made an alternative offer to buy gold fields from Guyere, but he was refused to suggest by miners at Johannesburg.
In a statement on Monday, Gold Fields said he was disappointed that the golden road panel was not constructed in the main elements of the proposal. “
Fraser told Reuters in an interview that “there is a different point of view from the value from the point of view (the gold road) about what the market sees, which is represented by the stock price.”
“We believe that the shareholders will love this treatment,” adding that he expects “more transparent talks with their shareholders and shareholders on the advantages of this deal.”
Fraser added that the links with some of the shareholders in both the golden fields and the golden road showed “strong signals” to support the deal.
He said the imminent acquisition of $ 3.3 billion from De Gray Mining, which is calculated by Gold Road as its shareholders, was one of the main motivations of the Gold Fields offer.
Under her proposal, Gold Fields said it intends to vote for the Northern Star deal.
Gold miners are subject to a wave of monotheism this year, as companies seek to develop their reserves at a time of high alloys in the sky.
Ramelius Resources agreed to take over the resources of SPARTAN at $ 2.4 billion last week. In October, the golden fields bought Ossico mining for $ 1.93 billion (1.35 billion dollars), making it the full owner of the Windfall project in Canada.
($ 1 = 1.5929 Australian dollars)
($ 1 = 1.4337 Canadian dollars)
(Participated in ADIC Steid Rao reports in Nellson Banya in Harea in Harea, Eileen Fenton, Dhaniwalla or Dhissan Fenton).
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