Bloomberg News

Harmony Extends Drop, Says Suspended Papua New Guinea Operation

December 14, 2011

Dec. 14 (Bloomberg) -- Harmony Gold Mining Co., Africa’s third-largest bullion producer, extended declines after saying it suspended its Hidden Valley joint-venture operation in Papua New Guinea after an earthquake today.

The stock dropped as much as 2.9 percent, the lowest since Nov. 1, to 103.59 rand and traded 2.6 percent lower at 103.89 rand by 3:17 p.m. in Johannesburg. Harmony’s equal partner in the operation is Newcrest Mining Ltd.

To contact the editor responsible for this story: Ana Monteiro at amonteiro4@bloomberg.net


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