n Without Prejudice - From Harmony to serendipity : dealactivity

Volume 12, Issue 2
  • ISSN : 1681-178X



Harmony's decision to sell its aging Evander operation, acquired almost 13 years ago, might seem a one-way-win situation for the gold major as it seeks capital to expand in Papua New Guinea. But closer inspection reveals that the junior, now mid-tier, miners' (Pan African resources and Wits Gold) buying the runt have managed to pull off a fairly attractive deal for shareholders.

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