Harmony May Sell Bonds to Fund Share of $3 Billion Mine
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Harmony Gold Mining Ltd., Africa’s third-largest producer, may sell bonds to fund its share of the planned $3 billion Wafi-Golpu project in Papua New Guinea.
The company may use a mix of bonds, bank debt and cash to fund its 50 percent share of the project in Morobe province, Marian van der Walt, a spokeswoman for Johannesburg-based Harmony, said in an e-mailed response to questions from Bloomberg. Newcrest Mining Ltd., Australia’s biggest gold producer, is its partner in the venture.