Harmony Gold is assessing a large copper venture in Papua New Guinea, a project expected to need several billion dollars in long-term investment. The company says it has the financial capacity to support expansion, with significant cash reserves and access to additional facilities for growth in key copper regions.

The development is linked to the Wafi Golpu copper and gold project, seen as a strategic move toward minerals essential for global energy transition. Clarifications issued this week confirmed the initiative sits with Harmony rather than African Rainbow Minerals, reflecting a broader shift in Harmony’s portfolio focus.