Harmony Gold EGM on $200m equity raise

Gold mining company Harmony Gold will be conducting a virtual extraordinary annual general (EGM) meeting on Thursday, June 11, to gain shareholder approval for the raising of $200-million equity capital. The equity capital raised will be used to fund the first tranche payment of its acquisition of the remaining South African assets of AngloGold Ashanti, which includes Mponeng, the world’s deepest mine. Collectively, the assets add more than 350 000 oz/y to Harmony’s portfolio.