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Wednesday, 21st June 2006 (3186 views)

Harmony Gold Mining Company has announced that it has acquired a 37.8 per cent stake in the Village Main Reef Gold Mining Company.

The portion of the firm's share capital was purchased by Harmony, a South Africa-based firm, for just under ZAR460,000 (£35,000).

Harmony acquired the stake in Village from African Rainbow Minerals at a rate of 20 cents per share.

Village currently does not have any mines in operations, but Harmony said that this latest acquisition formed part of a wider programme for strategic positioning.

 

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