Har­mony ex­pects cash flow boost

The Citizen (KZN) - - BUSINESS -

Har­mony Gold ex­pects its $300-mil­lion ac­qui­si­tion of An­gloGold Ashanti’s Moab Khot­song mine to boost op­er­a­tional cash flow by 60% and pro­vide “sub­stan­tial cost sav­ings”.

The com­pany said the pur­chase, which in­cor­po­rates the Great Noligwa mine and in­fra­struc­ture, would boost its op­er­a­tional cash flows and in­crease its un­der­ground re­cov­ered grade. –

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