Harmony Gold going ahead with R4.5bn Zaaiplaats project

Gold mining company Harmony Gold is going ahead with its high-grade Zaaiplaats gold project at a capital cost of R4.5-billion, that will be cash-flow funded. Zaaiplaats, with a 24-year life-of-mine, is one of six Harmony projects that will add 550 000 oz of gold a year to the Johannesburg- and New York-listed producer of 1.54-million ounces of gold in the 12 months to June 30.

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