[miningmx.com] – HARMONY Gold said it would write-down $280 in assets of which the bulk related to Hidden Valley, the Papua New Guinea mine the group said last month it would impair.
However, just over $8m of the write-down related to the group’s South African mines in a development that is thought to represent just the beginning in terms of write-downs by gold firms of their South African mines and resources.
“We continue to manage that which is in our control — production and costs,” said Harmony Gold CEO Graham Briggs in an announcement on Friday.
