Harmony’s foray into copper will not all be plain sailing
The estimated $600m needed to develop an Australian mine will raise capital expenditure in the next few years, analyst says
09 October 2022 - 18:23
With the SA gold mining industry in the mature phase, analysts say Harmony Gold’s move to diversify into commodities such as copper that are expected to benefit from the green transition may prove sensible as the group seeks sustainable growth and begins to play a role in the global transition to a low-carbon economy.
Harmony Gold, SA’s biggest gold producer, announced on Thursday that it has agreed to buy the Eva Copper project in Australia and its exploration land package for R4.1bn...
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