Harmony Gold was closing in on an acquisition to grow its production to 1.5-million ounces in three years, narrowing its focus to possible targets, CE Peter Steenkamp said on Wednesday. Harmony had set itself the target of adding to its annual 1-million ounce gold output as it started closing old mines in SA, taking at least 200,000oz out of its South African production base in the next five years and depriving it of critical mass to raise capital and to do deals, he said in an interview.
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