Harmony Gold considers digging deeper at Mponeng
‘Harmony Gold is considering going further underground at the world’s deepest mine as SA producers find it harder to dig for dwindling ore reserves’.
‘Harmony Gold is considering going further underground at the world’s deepest mine as SA producers find it harder to dig for dwindling ore reserves’.
Harmony expects with a reasonable certainty that net profit for H1FY21 will be between R5.7bn and R5.9bn, around 330% higher than H1FY20.
Harmony Gold is assessing the acquisition of new assets, including AngloGold Ashanti’s last underground operation in South Africa, as it seeks to replace depleting reserves.
AngloGold Ashanti moved closer to exiting South Africa mining by announcing plans to sell its remaining assets in the country.
In a somewhat schizophrenic intervention, the honourable Zwane has now ordered an investigation into AngloGold Ashanti’s reasons for closing down some of its operations.
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