Tuesday, 2nd May 2006 (3764 views)

South Africa’s Gold Fields’ chief executive has said that his company could be an attractive takeover target, but that a tie-up with AngloGold Ashanti would probably "not make sense".

Speaking at a results news conference, Ian Cockerill went on to reveal that Gold Fields was looking into a number of possible acquisitions itself.

He said: "The ability for Gold Fields to discover value in these markets we’ve got today, whilst not impossible, is becoming increasingly difficult.

"Several opportunities have been identified across the globe.”

Mr Cockerill was speaking after the price of gold hit a 25-year high on Monday, which he said was making the search for takeovers "tricky".

The news comes just after it was announced that the world’s fourth largest producer of gold posted a 36 per cent gain on adjusted earnings per share for the third quarter.

 

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