Deals
Harmony Rules Out Wafi-Golpu Sale at Early Stage of Project
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Harmony Gold Mining Co., the South African miner expanding in Papua New Guinea, said it decided against selling its Wafi-Golpu gold-copper venture so early in its development after studying several inquiries and approaches.
“Harmony’s Board of Directors has given careful consideration” to the proposals, the Johannesburg-based company said today in a statement. “The disposal of the company’s Papua New Guinea assets at this early stage of their development will not realize their full potential value.”