Harmony Gold, South Africas largest gold producer, backed by Patrice Motsepe, Africas first Black billionaire, is weighing a major copper venture in Papua New Guinea with U.S. miner Newmont Corporation, Motsepe said Tuesday.
Theres a huge investment that we are currently looking at in Papua New Guinea, Motsepe said at a Bloomberg event. Weve got a partnership there with Newmont that might require as much as four or five billion dollars to be invested down the line.xA0
Large-scale project under review