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Strong rand hits miners

Harmony Gold, the big South African-based goldminer with extensive interests in Australia and Papua New Guinea, has been singled out as the company being hit hardest by the soaring value of the rand in its home country.

Tim Treadgold
Strong rand hits miners

According to a study of mine costs conducted by the South African Chamber of Mines and reported over the weekend by The Financial Mail magazine “all but one of Harmony’s seven local operating mines – the...

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