Harmony Considers Strategic Options Before Funding Golpu Mine
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Harmony Gold Mining Co., South Africa’s third-largest producer of the metal, may decide to split the company as it considers how best to fund its Golpu mine in Papua New Guinea, Chief Executive Officer Graham Briggs said.
Harmony will consider whether it makes sense for its shareholder base, which is concentrated in South Africa, to fund Golpu, jointly owned with Melbourne-based Newcrest Mining Ltd., Briggs said. Harmony currently gets about 90 percent of its gold from aging mines in South Africa.