Hidden Valley resumes operations

Harmony Gold resumed operations at the Hidden Valley mine in Papua New Guinea this morning.

Mining activities were temporarily suspended yesterday following an earthquake that affected the area.

Harmony said there had been no injuries and investigations had identified no major damage.

Chief executive Graham Briggs said that the mine was built to withstand the impacts of earthquakes.

“We are delighted that that there were no injuries – well done to the Hidden Valley team,”  Briggs said.

Harmony and Newcrest Mining operate Hidden Valley in a 50:50 joint venture. Both companies saw their stocks down after the incident. Harmony closed at 12.49 (0.13% less than the day before) and Newcrest at 30.88, which is 0.93 % lower than the day before and 2.92% lower than at the beginning of the month.