Harmony diversifies with $230m Australia copper acquisition
South Africa-headquartered Harmony Gold is extending its diversification drive, announcing on Thursday that it would buy a copper/gold project in Australia for up to $230-million.
The JSE- and NYSE-listed gold miner will buy the Eva Copper project and its 2 100 km2 exploration land from TSX- and ASX-listed Copper Mountain Mining for $170-million in cash and up to $60-million in contingent payments.