Patrice Motsepe-backed Harmony Gold approves up to $1.75 billion for Eva Copper mine
Harmony Gold commits up to $1.75 billion to develop the Eva Copper mine as Motsepe-backed expansion pushes into Australia.
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Harmony Gold commits up to $1.75 billion to develop the Eva Copper mine as Motsepe-backed expansion pushes into Australia.
Patrice Motsepe-backed Harmony Gold weighs a multibillion-dollar copper venture with Newmont in Papua New Guinea.
Harmony Gold, backed by Patrice Motsepe, has completed its $1.01 billion acquisition of Australia’s MAC Copper, expanding into the copper market.
Harmony Gold secures support in its $1.03 billion MAC Copper acquisition, expanding its global mining portfolio.
Harmony Gold, led by Patrice Motsepe, posts $4.07 billion revenue and $824 million profit as higher prices offset weaker output.
Patrice Motsepe’s Harmony-backed mining giant gets green light to buy Australian copper company in $1-billion deal.
Patrice Motsepe’s fortune hits $3.4 billion as shares in Harmony Gold and ARM surge; fintech bets deepen his footprint in digital finance.
Although ARM remains a committed long-term investor in Harmony Gold, the company has taken steps to improve liquidity.
Motsepe’s net worth surged to $3 billion for the first time since August 2024, marking a significant recovery.
The company, which has been expanding into renewable energy, is weighing whether to hold or offload its 11.8 percent stake in Harmony, South Africa’s largest gold miner.
Harmony Gold posted $1.98 billion in H1 revenue, driven by surging gold prices, cost control, and a record dividend, despite a slight dip in production.
The Johannesburg-based miner attributed this growth to increased gold sales and a favorable pricing environment.
Harmony Gold is South Africa’s most extensive gold mining company. It also operates in Papua New Guinea.