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Harmony gets shareholder go-ahead for Moab Khotsong acquisition

Creamer Media Contributing Editor Online
JSE-listed Harmony Gold Mining's shareholders have given a 99.6% approval of the miner's plans to acquire mining operations and related infrastructure from AngloGold Ashanti. The $300-million deal will include the Moab Khotsong mine, one of the newest South African deep-level mines, with life-of-mine grade forecast at 8.2 g/t, taking the average Harmony grade across its nine underground mines and one opencast mine to 5.7 g/t.

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