Minorco Controls 55% of Consolidated: South African-backed...

Minorco Controls 55% of Consolidated: South African-backed Minorco claimed control of almost 55% of mining giant Consolidated Gold Fields PLC, moving closer to clinching Britain’s largest corporate takeover. But Cons Gold vowed to keep fighting the $6-billion hostile bid, which Minerals & Resources Corp. first launched in September. Luxembourg-based Minorco, the investment arm of South African Harry Oppenheimer’s gold and diamond empire, said it had obtained control of at least 54.8% of Cons Gold. Minorco already controls 29.9% of the British mining concern.