Harmony gets serious in PNG

HARMONY Gold has intensified its PNG focus with separate reports out of South Africa revealing a $US30 million plan to buy out the royalties for its Hidden Valley gold project from Rio Tinto, its need to find a joint venture partner at the Wafi-Golpu copper-gold project, and its interest in Emperor Mines 20% stake in the Porgera gold mine.

06 February 2007
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Rio retained a 3% royalty over Hidden Valley when it sold the project but Harmony chief executive Bernard Swanepoel said the preferred option would be to buy that royalty before the project reaches

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