Monday, October 13, 2008

Selling Gold at Highs: Mine Reopens

Bloomberg has reported that Harmony Gold has resumed work at Parts of the Elandsrand Mine following an accident that had taken place October 2nd that shut down the mine’s gold production.

Harmony Gold Mining Co is Africa’s third-largest gold producer in South Africa and the fifth largest gold producer in the world. The company, which is Incorporated in South Africa, has operations in South Africa, Australia, and Papua New Guinea

Harmony Gold was founded and incorporated on August 25, 1950 through Rand Mines and was originally a single, lease-bound mining operation that was connected to Randgold. In 1997, Harmony Gold was listed independently on the JSE Limited. Harmony Gold is now an independent gold producer from Randgold.

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