Harmony to raise more than R3bn to buy AngloGold mines
With its SA mines at two-thirds of capacity, Harmony has secured overwhelming shareholder support to raise money to buy more mines
11 June 2020 - 13:38
Harmony Gold secured overwhelming support from its shareholders to raise $200m (about R3.3bn) via equity to pay the cash portion of its purchase of AngloGold Ashanti's last operating assets in SA.
With approvals comfortably topping 97% for a range of resolutions at SA's largest gold producer’s extraordinary general meeting on Thursday, Harmony is now waiting for just the approval from the government for the transfer of mineral rights from AngloGold, to complete the deal, CEO Peter Steenkamp said...
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