Harmony’s ‘Massive’ Gold-Copper Mine May Lure Newcrest Bid

Bloomberg reports that Harmony Gold Mining Co. (NYSE:HMY) raised speculation that the company’s partner in the Papua New Guinea mine, Newcrest Mining Ltd. (ASX:NCM), may make a takeover bid.

The market news is quoted as saying:

Harmony shares rose to the highest in more than two years in April as optimism for the project triggered takeover speculation.

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