Carbon tax batters Harmony Gold
Harmony Gold's investment in Moab Khotsong and Hidden Valley is paying off. Strong contributions from these mines along with lower impairments have resulted in a narrower annual loss with the Carbon Tax stealing some of that shine.Revenue however jumped by 32% and headline earnings grew 19%. The miner is looking to acquire new assets in a bid to bolster growth and replenish depleting reserves. Business Day TV caught up with Harmony's CEO, Peter Steenkamp to talk about their opportunities and numbers and what it suggests for the earnings trajectory going forward.