- Published: Monday, 07 March 2016 10:48
- Written by E&MJ News
Harmony Gold has reported the results of feasibility and prefeasibility studies for Stages 1 and 2, respectively, of its joint-venture Golpu gold-copper project in Papua New Guinea. Harmony and Newcrest Mining each currently own 50% of Golpu through their Wafi-Golpu joint venture. The Papua New Guinea government retains the right to purchase for its pro-rata share of historical costs up to a 30% equity interest at any time before the commencement of mining. If the government chooses to take up its full 30% interest, the interests of Harmony and Newcrest will become 35% each.