INVESTMENT BANKING | EQUITY CAPITAL FUND | 19 JANUARY 2021

Harmony Gold Mining –
ZAR 3.5 billion Accelerated
Bookbuild

SHARE
Facebook
Twitter

Harmony Gold Mining – ZAR 3.5 billion Accelerated Bookbuild

 

Harmony Gold Mining is a JSE listed gold mining and exploration company with operations in South Africa and Papua New Guinea and it is the largest gold producer in South Africa by volume.

In June 2020, Harmony successfully raised ZAR3.5 billion to support the acquisition of Mponeng and Mining Waste Solutions from JSE listed counterpart AngloGold Ashanti. The acquisition and capital raise formed part of Harmony’s strategy to grow its operations building on its vast experience of acquiring, operating, and optimising value from mining operations.

Absa acted as joint Bookrunner for the R3.5billion capital raise via accelerated bookbuild.

Related Articles

GLOBAL MARKETS

A Different Kind of Debt Instrument

The South African government recently issued a new floating-rate note. What does it offer, and what does the market reaction reveal about the state of local credit markets?

AWARDS

Financial Mail Top Analyst Awards

The Financial Mail Top Analyst Awards provide that ranking. The awards – which mark their 46th year in 2022 – are based on a survey that provides a reliable and independent ranking of skills in the industry. Consulting firm Intellidex conducts that survey through confidential questionnaires that cover about 90% of South Africa’s institutional stockbroking market.

EVENT

Expanding skywards requires growth experts

Future-proof organisation need sustainable solutions. This is why we’re proud to sponsor this year’s The East Africa Property Investment (EAPI) Summit. This year’s event marks the first in-person conference of industry leaders in two and a half years. It’ll feature keynote addresses, interactive panel discussions, case studies and formal and informal networking opportunities.