trending Market Intelligence /marketintelligence/en/news-insights/trending/gVz0wadaRoZ8K85DwehW1Q2 content esgSubNav
In This List

Harmony Gold to tap shareholders to raise US$100M for Moab Khotsong acquisition

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Essential Metals & Mining Insights - September 2021


Harmony Gold to tap shareholders to raise US$100M for Moab Khotsong acquisition

Harmony Gold Mining Co. Ltd. intends to raise about US$100 million via a private share placement or a rights issue to refinance part of the bridging finance for the acquisition of the Moab Khotsong gold-uranium mine in South Africa.

The other half of the US$200 million bridging finance facility will be refinanced from internal cash resources, the company said Dec 6.

The previously announced acquisition from AngloGold Ashanti Ltd. has a total price tag of US$300 million for various assets in the Vaal River region of South Africa.

The company will finance the remaining US$100 million from existing bank facilities, the company noted.