Loading ...South African miner Harmony Gold (JSE: HAR) (NYSE: HMY) is expanding into the coveted copper market with the acquisition of Copper Mountain Mining’s (ASX: C6C) (TSX: CMMC) Eva project in Australia, in a deal worth $230 million.
The company said the project, situated in Queensland, adds 1.72 billion pounds of copper and 260,000 ounces of gold to its mineral reserves. It also helps Harmony Gold take a firmer step into the orange metal, which is considered critical to the global energy transition.