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South African gold miner Harmony Gold plans to invest 7.9bn rand to extend Mponeng mine's life from 7 to 20 years.
South African gold mining company Harmony Gold plans to invest 7.9 billion rand ($410m) to extend the life of the world's deepest mine, Mponeng, from 7 to 20 years.
This comes as South Africa's gold industry has shrunk to less than a fifth of its peak due to higher costs and geological challenges associated with mining deeper deposits.
Harmony's investment will help Mponeng become the star performer in its portfolio.
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La minera de oro sudafricana Harmony Gold planea invertir 7.900 millones de rands para extender la vida útil de la mina Mponeng de 7 a 20 años.