News Articles for Mike Fraser

The South Africa-based head of Gold Fields says the company has always had its eye on the 50 per cent stake in the Gruyere goldmine it will acquire in its move for Gold Road Resources.

West Perth-based Gold Road Resources has had to retract parts of a statement made yesterday due to assumptions made off the back of a scoping study.

Stocks in Western Australian gold producers are rallying as the price for the precious metal holds strong above $US3,000 per ounce amid a flurry of M&A activity.

Aggressive and hostile is how the chief executive of Gold Road Resources has described the $3.3 billion bid lobbed by its Gruyere joint venture partner Gold Fields.

Gold Fields boss Mike Fraser is disappointed the board of Gold Road Resources has poured cold water over his $3.3 billion offer for the Gruyere mine joint venture partner.

WA's second-largest goldminer by ounces produced is seeking to shore up its place in the world for the next century and beyond.

Pilbara gold developer De Grey has refused to comment around speculation that it could be the target of rival interest, saying it is focused on developing its Hemi project.

Mining company Gold Fields has opted to go it alone on development of its next major renewable energy project at its St Ives mine in the Goldfields.

While lower returns on equity have flowed through to WA's top earners this year, the river has hardly run dry for the top end of town.

The mining giant says it's about heritage, but the new moniker for its less-loved assets shows the management team has plenty of latitude.