Harmony delivers gold recovery project with 30% of building work going to locals

With the streaming agreement between Franco-Nevada and Mine Waste Solutions (MWS) over, Harmony Gold will from now on benefit fully from the soaring gold price that is coinciding with the delivery on time and on budget of Phase 1 of the 15-year-life Kareerand tailings retreatment facility (TSF), a high-margin gold-from-dumps project. Consequently, MWS’s free cash flow is poised to increase by more than R1-billion a year, assuming gold’s current spot rand per kilogram price.