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Harmony checks out Pamodzi's Free State mine

I-Net Bridge | Tue, 19 May 2009 20:30
[miningmx.com] -- Harmony Gold Mining, South Africa's third-largest gold producer, on Tuesday confirmed that it is currently in discussion with the liquidators of Pamodzi Gold.

Marian van der Walt, corporate and investor relations executive at Harmony, told I-Net Bridge that the company was discussing possible neighbouring mine effects, such as tailings disposal, plant processing, ventilation and water management, between its own Free State assets and those of Pamodzi Gold.

"Harmony needs to ensure that it is in a position to control potential issues that could influence its own mines," Van der Walt said.

Harmony is also currently conducting a due diligence on Pamodzi Gold's Free State shafts with a view to making a possible bid for some of the troubled gold company's assets.

"Once completed, we will be in a position to establish whether or not these assets are a good fit with Harmony's own Free State assets," Van der Walt said.




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