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Harmony Gold has high hopes for joint venture in Papua New Guinea
South Africa’s Harmony Gold said the company’s Wafi-Golpu joint venture with Newcrest Mining Ltd. in Papua New Guinea may be three times the size of its biggest mine. In a document posted at its website, the miner said Wafi may return as much as 700,000 ounces of gold and 320,000 tonnes of copper a year, and the numbers may grow as the venture partners are still working on establishing the size of the resource.
Harmony, which produced 1.43 million ounces of gold last fiscal year, is the operator of Wafi-Golpu, and estimates the deposit hosts 16 million gold ounces, 4.85 million tonnes of copper and 55,000 tonnes of molybdenum. Total costs of building a mine in Wafi-Golpu will range between US$ 2.5 billion and US$ 3 billion, the miner reckons.
Publicado em: 29/3/2011 12:18:00
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23/5/2013 09:36:58 
