Gold mining in emerging markets has enabled Harmony’s expansion in Australian copper
The good momentum at Harmony Gold’s South African and Papua‑New Guinean operations has enabled the company to replace ounces and grow the company. Even with the funding of the company’s anticipated acquisition of MAC Copper, owner of the CSA copper mine in New South Wales, Australia, through a binding all-cash deal valued at about R18.4-billion, Harmony’s net debt to earnings before interest, taxes, depreciation and amortisation ratio will remain within its targeted leverage range of about 0.5 times post‑closing, Harmony Gold CEO Beyers Nel said at the London Indaba, on June 25.
The good momentum at Harmony Gold’s South African and Papua‑New Guinean operations has enabled the company to replace ounces and grow the company. Even with the funding of the company’s anticipated acquisition of MAC Copper, owner of the CSA copper mine in New South Wales, Australia, through a binding all-cash deal valued at about R18.4-billion, Harmony’s net debt to earnings before interest, taxes, depreciation and amortisation ratio will remain within its targeted leverage range of about 0.5 times post‑closing, Harmony Gold CEO Beyers Nel said at the London Indaba, on June 25.
