Thursday, 31st May 2007 (1300 views)

Harmony Gold's interest in opening a number of new mines in Papua New Guinea could lead to jobs being created in the area.

The company is confident of finding a number of deposits in the country, using its experience from mining in South Africa.

"The region is extremely prospective with a very good chance of finding some great deposits," south-east Asia managing director Graham Briggs said, according to Mining Weekly.

Several mines could be set up in Papua New Guinea to enable the company to reap the benefits "of mining on a regional basis", according to the publication.

Harmony Gold is the world's fifth largest producer of gold, according to the firm's website, with projects in South Africa and Australasia as well as Papua New Guinea.

The company was founded in 1950 and now employs some 44,000 people, a number that could rise is further people are taken on at the new Papau New Guinea sites.

 

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