LONDON (Thomson Financial) - South Africa's Harmony Gold Mining Company Ltd.
said it has received ministerial approval in Papua New Guinea for its joint
venture with Newcrest Mining Ltd.
Harmony said it expects the first phase of the venture to be completed in
early August, when Newcrest will take a 30.01 percent stake.
The venture will include the Hidden Valley gold mine, which is expected to
start production mid-2009, and the highly prospective Wafi Golpu copper gold
deposit, Harmany said.
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