Harmony Gold Mining Company Limited
Harmony Gold Mining Company Limited
Full text is available to Level 2 subscribers only
Subscribe to Mining Business Media
Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.
$A275.00 per year*
(*up to 10 users)
GST included in Australia
Direct debit/cheque/credit card:
Click here
Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.
Related Content
Investigations are under way at Harmony Gold Mining’s Target mine at Welkom in the Free State Province, South Africa into the death of an employee who was fatally injured on Feb 3 in a fall of earth that was triggered by a seismic event.
CEO Peter Steenkamp says the fatality follows a safety day last Friday when all company operations and surface plants were halted to reinforce and revitalise its journey towards improving safe behaviour in the workplace.
Investigations are continuing into the death of an employee of Harmony Gold Mining’s Phakisa mine at Welkom in the Free State Province of South Africa.
The employee died of his injuries six days after being injured in a winch-related incident.
The integration of production from its newly acquired Mponeng and Mine Waste Solutions assets have kept South African gold producer Harmony on target for its FY21 guidance of 1.26-1.3Moz.
Harmony posted Dec qtr (Q2) production of 431,622oz, a 38% increase on the previous period’s 313,725oz, lifting first half output to 745,347oz.
Since Harmony assumed full ownership of the Mponeng mine, Mine Waste Solutions and related assets from AngloGold Ashanti on Oct 1, they have contributed 108,525oz.
Operations have been suspended at Harmony Gold Mining’s Tshepong mine in Welkom, South Africa during an investigation into the deaths of two employees in a fall of ground on Saturday morning.
Harmony Gold Mining is on track to become South Africa’s largest gold producer after concluding its $US300M deal to acquire the Mponeng mine and Mine Waste Solutions business from AngloGold Ashanti.
The deal is expected to close on Sept 30, with Harmony taking full ownership and operation of Mponeng, MWS and AngloGold’s other South African assets and liabilities from Oct 1.
AngloGold Ashanti’s $US300M sale of its remaining South African assets to Harmony Gold is on track to close on the agreed Sept 30 date after the Department of Mineral Resources unconditionally approved the transfer of its West Wits mineral rights.
Harmony will pay $200M cash on completion, with contingent payments on future production.
South African miner Harmony Gold has suspended all operations and declared a safety shift at its Doornkop gold mine near Soweto following the death of an employee from injuries following an underground drilling-related incident yesterday.
CEO Peter Steenkamp says Harmony is working with authorities to conduct a full on-site investigation into the tragic incident.
Harmony Gold has raised $US200M after issuing more than 60M new shares to partly fund its purchase of AngloGold Ashanti’s last remaining South African assets, Reuters reports.
Harmony agreed in Feb 2020 to buy AngloGold Ashanti’s Mponeng mine, the world’s deepest gold mine, and its Mine Waste Solutions assets, for about $300M, making it SA’s biggest gold producer.
One of South Africa’s biggest gold miners, Harmony Gold Mining, will start its proposed share sale today to raise $US200M to part-fund its purchase of AngloGold Ashanti’s assets in South Africa for about $300M, Reuters reports.
Harmony agreed on the acquisitions, including the world’s deepest gold mine Mponeng in Feb 2020, to make Harmony SA’s biggest gold producer.
South African miner Harmony Gold has suspended most mining operations at its Kalgold openpit gold mine 55km SW of Mafikeng in the North West Province after two employees of a contractor tested positive for COVID-19 in routine testing in collaboration with the Health Department.
Both are receiving medical care in isolation while tracing of possible contacts is under way.
Kalgold’s plant continues to operate and employees cleared by testing are returning to work.