Harmony targets first copper from Australia mine by 2028

South Africa's Harmony Goldexpects to start producing copper from its Australian mining project by 2028, the company said on Thursday, as it diversifies into the key decarbonisation metal, reports Reuters.

Harmony acquired the Eva Copper project in Queensland in 2022 to diversify away from gold and is in the process of updating the project's feasibility study.

"We want to make the final investment decision by the end of the (financial) year. It's a two year build, then Eva Copper will be in production," Harmony CEO Peter Steenkamp told Reuters in an interview.