South Africa's gold producer Gold Fields and its biggest shareholder
South Africa's gold producer Gold Fields and its biggest shareholder, Russia?s metals giant Norilsk Nickel, are working to rebuild their relationship after Norilsk?s supporting Harmony Gold hostile takeover bid for GFI.
Now, when Harmony has given up its offer, Gold Fields puts Norilsk ?at the center of some of the strategic thinking? of Gold Fields, and ?looks forward to their contribution in that process.?
Gold field?s CEO Ian Cockerill said Gold Fields' communication with Norilsk has since improved. They now have "a greater understanding of the common, or mutual, goals.?
In a public sign that the rift is healing, Norilsk has accepted Gold Fields' invitation and appointed two non-executive directors to Gold Fields' board.