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Harmony confirms Papua New Guinea gold and copper mine

16 Feb 2016

Harmony Gold has announced the financial metrics to build a large copper and gold mine in Papua New Guinea worth $2.6 billion.

"Once built, this mine will be in the lowest-cost quartile of copper producers… 70% of our revenues will be copper-driven," said Johannes van Heerden, CEO of Harmony’s Southeast Asia division.

The Golpu porphyry deposit will be high profitable in many aspects, due to its vast size, high grades, long life and low operating costs.

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