Beyers Nel on Harmony Gold’s Copper Future
Harmony Gold Mining Company CEO Beyers Nel in conversation with Creamer Media’s Mariaan Webb about the company’s growing copper portfolio, its long-term production ambitions, and why Harmony sees copper and gold as complementary commodities for future growth. Video & editing: Shadwyn Dickinson
South Africa-headquartered Harmony Gold Mining Company expects copper to account for 40% of its production within the next decade as the company builds a diversified portfolio designed to capitalise on growing demand for the red metal.
Speaking in the fifth and final episode of Creamer Media's IN FOCUS copper series, Harmony Gold CEO Beyers Nel said the company's move into copper was driven by value considerations and the complementary nature of copper and gold through commodity cycles.
“Gold is that store of value in times of economic uncertainty, whereas copper is that growth lever and that leverage to times of economic strength,” Nel explained.
While Harmony has built its reputation over 75 years as a gold producer, Nel stressed that the company’s expansion into copper does not represent a change in identity, but rather a strategic diversification of its commodity exposure.
Nel’s comments were made during the final episode of Creamer Media’s IN FOCUS copper series, which brought together market experts to examine opportunities and challenges facing the global copper market.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here