Harmony Gold takes over Newcrest stake in Hidden Valley mine
Harmony Gold, the South African gold-mining and exploration company, has announced that the company will own 100 percent of the Hidden Valley mine in Pa...
Harmony Gold, the South African gold-mining and exploration company, has announced that the company will own 100 percent of the Hidden Valley mine in Pa...
Harmony Gold, the South African gold-mining and exploration company, has announced that the company will own 100 percent of the Hidden Valley mine in Papau New Guinea. This comes after Australian gold producer, Newcrest, has agreed to sell its half of the Hidden Valley Joint Venture.
Harmony will now assume all liabilities and expenses related to the JV and mine, including rehabilitation costs and remediation obligations.
The operation was owned by the Hidden Valley Joint Venture (HVJV), one of three unincorporated joint ventures between subsidiaries of Newcrest (50 per cent) and Harmony Gold Mining Company Limited of South Africa (50 per cent).
So, with Harmony assuming full responsibility for the Hidden Valley mine, heres what we learned from the Hidden Valley mine “fact sheet”:
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