Harmony Gold produces 1.14-million ounces across all operations
JSE-listed gold mining major Harmony Gold produced 1.14-million ounces of gold in the 2013 financial year and, at year-end, will have employed close to 36 000 people, including about 6 000 contractors, mostly in South Africa.
Harmony is a gold mining and exploration company with operations in South Africa and Papua New Guinea, one of the world’s premier new gold-mining regions. Established more than six decades ago, Harmony is one of the largest gold mining companies in the world and the third-largest gold producer in South Africa.
In South Africa, Harmony has 11 underground mines and one openpit mine, as well as several surface operations, mostly based in the world-renowned Wit-watersrand basin and in the Kraaipan greenstone belt.
In Papua New Guinea, Harmony has a 50% joint venture (JV) with gold exploration company Newcrest Mining. The JV includes the Hidden Valley openpit gold and silver mine, the Wafi-Golpu project and several exploration tenements. Harmony’s 100%-owned exploration portfolio focuses principally on highly prospective areas in the country.
Strategically, Harmony understands that delivering long-term value is a process of interlocking elements – both financial and nonfinancial. The balance between these elements is captured in the company’s values and the way it guides its activities.
On June 30, the company reported attributable gold equiv- alent mineral reserves of 51.5- million ounces and gold mineral resources of 147.7-million ounces.
Harmony’s resource base in Papua New Guinea now represents 14% of Harmony’s total gold resources. Significant brownfield exploration is also under way in South Africa.
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