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Harmony Gold is the largest gold mining company in South Africa. Harmony operates in South Africa and in Papua New Guinea . The company has nine underground mines, one open-pit mine and several surface operations in South Africa.
Harmony states that the dead were members of an illegal mining syndicate commonly referred to as Zama-Zamas. [2] [9] The syndicate allegedly raid Harmony's mines regularly, 'armed' with explosives. [2] However explosives are historically a necessary technology of mining; and Harmony has not related the deaths to an attack or explosion.
African Rainbow Minerals Limited is a mining company based in South Africa. ARM has interests in a wide range of mines, including platinum and platinum group metals (PGMs), iron, coal, copper, and gold. [2] ARM's Goedgevonden coalmine near Witbank is a flagship of their joint venture with Xstrata, and produces 6.7 million tons of coal per year. [3]
The heavy selling pressure might have exhausted for Harmony Gold (HMY) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street ...
At least 31 people are suspected to have died in a methane gas explosion at a disused gold mine in South Africa around the third week of May in 2023. [3] [2] [4] [5] [6]The Department of Mineral Resources and Energy (DMRE) reported late on 22 June 2023 that the miners had died in a mining shaft at the abandoned Virginia mine in Welkom, Free State.
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The mine is owned by the Harmony Gold Mining Co. Ltd. and is the amalgamation of the Deelkraal mine and Elandsrand mines, bought from AngloGold in 2001 for R1 billion in cash. [1] Kusasalethu mines mainly the Ventersdorp Contact Reef (VCR) and the Carbon Leader.
During 2013 the company spun off some of its assets into a new company called Sibanye Gold. Harmony Gold (mining) – was the 5th largest producer of gold in 2008 (has since fallen off a bit, production was 2.33 million ounces (66.05 tonnes) in 2008 compared to 1.56 million (44.23 tonnes) in fiscal 2010) [86] [87]
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