Harmony’s Papua Site May Be 3 Times Size of Its Largest Mine
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Harmony Gold Mining Co., Africa’s third-largest producer of the metal, said the company’s Wafi-Golpu joint venture with Newcrest Mining Ltd. in Papua New Guinea may be three times the size of its next biggest mine.
Wafi may yield as much as an annual 700,000 ounces of gold and 320,000 metric tons of copper, Harmony told analysts at the site, according to a copy of the presentation posted today on its website. The company is still working on establishing the size of the resource, the Johannesburg-based mine operator said.