CAPITAL MARKETS

SA watchdog clears Harmony, ARMgold merger

SOUTH Africa's Competition Tribunal has cleared the way for the merger of Harmony Gold and African Rainbow Minerals Gold to form the country's largest gold producer, and the fifth biggest in the world.

Greg Tubby
SA watchdog clears Harmony, ARMgold merger

The new company, to be known as HARMony, would be valued at US$2.8 million and produce 4.1 million ounces of gold a year. Approval by the anti-trust watchdog was widely anticipated after the Competition...

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