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Issued by Harmony Gold
Mining Company Limited
For more details contact:
Henrika Ninham
Investor Relations Manager
Tel: +27 (0)82 759 1775 (mobile)
Marian van der Walt
Executive: Corporate and Investor
Relations
Tel: +27 (0)82 888 1242 (mobile)
Corporate office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Listing codes:
JSE:
HAR
NYSE: HMY
ISIN no:
ZAE000015228
Registration no: 1950/038232/06
Harmony Gold Mining Company Limited
(Harmony), a world-class gold mining
and exploration company, has
operations and assets in South Africa
and Papua New Guinea. Harmony,
which has more than 60 years’
experience in the industry, is the third
largest gold producer in South Africa.
Our assets include 9 underground
mines and 1 open pit operation and
several surface sources in South Africa.
Our assets in PNG – an open pit mine
(Hidden Valley), as well as the
significant Golpu project – are held in a
joint venture. We also own several
exploration tenements, in Papua New
Guinea.
The company’s primary stock exchange
listing is on the JSE with a secondary
listing on the New York Stock
Exchange. The bulk of our shareholders
are in South Africa and the United
States. Additional information on the
company is available on the corporate
website, www.harmony.co.za.
Harmony provides quarterly and year end guidance; update on
Doornkop’s future
·
Quarterly gold production up 4% to 5%
·
More than 3 100 jobs (employees plus contractors) saved at the Doornkop
mine, with the mine finalising its restructuring process and positioning it to
return to profitability
Johannesburg: Wednesday, 15 July 2015. Harmony Gold Mining Company Limited
(“Harmony” and/or “the Company”) is pleased to advise that gold production during
the June 2015 quarterly is likely to be 4% to 5% higher quarter-on-quarter, while gold
production for FY15 ended 30 June 2015 is estimated to be at 1.08 million ounces.
On 19 May 2015, Harmony started a 60 day consultation process with organised
labour at its Doornkop mine in terms of section 189a (“Section 189a”) of the Labour
Relations Act, 66 of 1995 ("LRA") with a view to find ways to return the mine to
profitability or to place the mine on care and maintenance. Following several
meetings with organised labour, Harmony and the unions have agreed to a new
operational plan for Doornkop that will return the mine to profitability, thus saving a
significant number of jobs.
Doornkop mine’s newly agreed plan provides for more than 3 100 employees
(including contractors), with only 526 employees (including contractors) being
affected. The majority of these employees have been transferred to other operations.
Of the 526, about 183 people will either be re-skilled for redeployment elsewhere in
Harmony or may elect to accept a voluntary severance package.
Harmony chief executive officer Graham Briggs, said: “The outcome of the Doornkop
discussions is testimony to what can be achieved when all parties engage with the
same aim in mind – finding a sustainable solution to ensure the viability of the mine
and at the same time securing the majority of jobs. We would like to acknowledge the
role of union leadership and wish to thank them for assisting us in securing
Doornkop’s future.”
Harmony’s results for the quarter and year ended 30 June 2015 will be released on
Tuesday, 18 August 2015. Please refer to http://www.harmony.co.za/investors for dial-
in and webcast information.