Harmony Gold CEO says gold sector consolidation 'inevitable.'

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March 1 (Reuters) - Gold mining sector mergers and acquisitions are inevitable due to the need to replace depleting mineral reserves, Harmony Gold Chief Executive Peter Steenkamp said on Wednesday.

U.S-based Newmont Corp (NEM.N), the world's top gold producer, last month tabled a $16.9 billion bid for Australia's Newcrest Mining (NCM.AX), igniting speculation of a new wave of M&A activity in the gold industry.

www.reuters.com

Harmony Gold CEO says gold sector consolidation 'inevitable'

Gold mining sector mergers and acquisitions are inevitable due to the need to replace depleting mineral reserves, Harmony Gold Chief Executive Peter Steenkamp said on Wednesday.
www.reuters.com www.reuters.com
 
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