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Harmony announces mine stake acquisitionThe news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council. 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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