Harmony Rules Out Sale of Wafi-Golpu Gold Project After Getting Approaches

Bloomberg reported that Harmony Gold Mining Co (NYSE:HMY) decided not to sell its Wafi-Golpu project despite investor interest.

As quoted in the market news:

The company valued Papua New Guinea’s Wafi-Golpu project, a joint venture with Newcrest Mining Ltd. (NCM), at $6 billion to $8 billion in August, and said a pre-feasibility study may be completed in the first half of 2012.

Click here to read the full Bloomberg report.