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Impending Threat Of Failed Merger: Harmony

Investor relations head with Russia's metals giant Norilsk Nickel, said that it is difficult to predict ..

Impending Threat Of Failed Merger: Harmony

Dmitri Usanov, investor relations head with Russia?s metals giant Norilsk Nickel, said that it?s difficult to predict now whether the company would renew and extend its undertaking with SA gold miner Harmony Gold.

Last week Competition Tribunal set down its hearings into the proposed merger of Harmony and Gold Fields for the four days from May 3 to May 6, 2005. The Tribunal has ten working days to consider the merger.

Actually, Tribunal hearings constitute a danger to Harmony?s takeover bid with Gold Fields.

Harmony plans to approach the Securities Regulation Panel to have its offer extended beyond March 18, 2005.

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