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South Africa's Harmony Gold to invest up to $1.75bln in Australian copper project
Harmony Gold's board has approved investment of between $1.55 billion and $1.75 billion to develop its Australian copper project after completion of an updated feasibility study, the South African miner said on Monday. South Africa's top gold producer by volume is diversifying into copper as gold mining in its home country becomes more costly and geologically challenging while copper's allure is bolstered by its uses in electric vehicles and power grid infrastructure. Harmony acquired the Eva Copper project in Queensland in 2022. The mine is expected to produce about 65,000 metric tons of copper concentrate a year ... (full story)