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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.
Contact: Samira Hassanally, Head of Equity Capital Markets to find out more.