Davis Polk advised the joint global coordinators of a private placement of new ordinary shares of Harmony Gold Mining Company Limited, representing approximately 11.100% of its issued ordinary share capital. The private placement raised gross proceeds of approximately $200 million, which will be used to fund the acquisition of certain South African gold mining assets.

Harmony Gold Mining Limited, which is listed on the Johannesburg Stock Exchange and the New York Stock Exchange, is a gold mining and exploration company operating in South Africa and Papua New Guinea. Harmony Gold Mining Limited has nine underground mining operations, one open-pit mine and several surface operations in South Africa. In Papua New Guinea, Harmony Gold Mining Limited has an open-pit gold and silver mine and a 50% interest in a joint venture that includes extensive exploration tenements. Outside the joint venture, Harmony’s own exploration portfolio focuses principally on highly prospective areas in Papua New Guinea.

The Davis Polk corporate team included partner Reuven B. Young and associate Aya Aboulatta. Partner Jonathan Cooklin and associate Freddie Schwier provided tax advice. All members of the Davis Polk team are based in the London office.

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