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Magnetic attracts Genesis bid while Gold Fields looks on

Expectations are relatively high that a counter bid could emerge

Michael Quinn
Mine development on its way in this area near Laverton, WA

Mine development on its way in this area near Laverton, WA | Credits: Magnetic Resources

While a logical-looking A$639 million acquisition of Magnetic Resources by Genesis Minerals is now underway, it would be wholly unsurprising if Johannesburg-listed neighbour Gold Fields were to enter the...

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