M&A

Harmony gets serious in PNG

HARMONY Gold has intensified its Papua New Guinea focus with separate reports out of South Africa revealing a $US30 million ($A38.7 million) plan to buy out the royalties for its Hidden Valley gold project from Rio Tinto, its need to find a joint venture partner at the Wafi-Golpu copper-gold project, and its interest in Emperor Mines' 20% stake in the Porgera gold mine.