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United States

Harmony Gold Mining Company Ltd (HMY.N)

HMY.N on New York Stock Exchange

4.57USD
29 Jul 2016
Change (% chg)

$0.15 (+3.39%)
Prev Close
$4.42
Open
$4.45
Day's High
$4.62
Day's Low
$4.43
Volume
1,051,471
Avg. Vol
1,340,461
52-wk High
$4.72
52-wk Low
$0.53

Latest Key Developments (Source: Significant Developments)

Harmony Gold Mining says hedges 432,000 ounces of gold sales
Monday, 18 Jul 2016 01:05am EDT 

Harmony Gold Mining Company Ltd : JSE: HAR - Harmony meets annual production guidance; creates further cash certainty . Sharp increase in gold price provided co with an opportunity to lock in 20 pct of sales at average rate of about r682 000/kg .Entered into short term gold forward sale contracts for a total of 432 000 ounces over a period of 24 months.  Full Article

Harmony Gold Mining Company Ltd stops operations at Masimong mine after fatality
Monday, 16 Nov 2015 04:35am EST 

Harmony Gold Mining Company Ltd:Regrets to advise that an employee was fatally injured yesterday in a fall of ground accident at its Masimong mine in free state province.Investigations into accident are underway and all operations at mine have been stopped by management.  Full Article

Harmony Gold Mining Company Ltd - S.Africa court to decide on silicosis class action against gold sector - Reuters
Sunday, 11 Oct 2015 08:00pm EDT 

Harmony Gold Mining Company Ltd:A South African court on Monday began two weeks of hearings to determine if gold miners suffering from debilitating lung diseases they say they contracted at work can proceed with a class action lawsuit against the industry - RTRS.The industry is opposed to the lawsuit proceeding as a class action, which would enable plaintiffs to join forces as a "class" as opposed to thousands of individual cases - RTRS.Working deep underground for years without proper protection, countless South African miners inhaled silica dust from gold-bearing rocks and later contracted silicosis - RTRS.A disease which causes shortness of breath, a persistent cough and chest pains, it makes people highly susceptible to tuberculosis, which kills - RTRS."If the court certifies the class, the lawsuit will proceed as the largest ever class action law-suit in the coun-try and on the continent," the Legal Resources Centre, a human rights group which has joined the case, said in a statement on Monday - RTRS.Attorney Richard Spoor, whose legal battle against a South African asbestos-mining company led to a $100 million settlement in 2003, told Reuters he had signed up more than 30,000 former miners and their dependants for the lawsuit - RTRS.Another law firm, Abra-hams Kiewitz, has also joined the suit, which targets AngloGold Ashanti, Harmony Gold, Sibanye Gold, Gold Fields, Anglo American, DRDGold, & African Rainbow Minerals - RTRS.  Full Article

Harmony Gold Mining Company Ltd - South Africa's AMCU union votes to strike in gold sector - Reuters
Saturday, 10 Oct 2015 08:00pm EDT 

Harmony Gold Mining Company Ltd:South Africa's Association of Mineworkers and Construction Union (AMCU) voted on Sunday to strike at the operations of AngloGold Ashanti, Harmony Gold and Sibanye Gold - Reuters."The whole gold sector has voted for a strike," AMCU President Joseph Mathunjwa said after a crowd of about 5,000 miners voted by a show of hands - Reuters.AMCU, which lead a bruising five-month strike last year in the platinum sector, is known for its uncompromising stance, and has not backed down from its original demand for a more than doubling of basic wages to 12,500 rand a month - Reuters.The vote will not lead to an immediate stoppage - Reuters.Only at Sibanye does the AMCU have a clear path to a strike that would not be deemed wildcat - Reuters.The Chamber of Mines has said Harmony and AngloGold will go to court to prevent AMCU from striking because they have signed wage deals with three other unions representing most of their workers - Reuters.The industry says this means they can apply the same agreement to the rest of their workforce. This happened two years ago in the gold sector, when AMCU was forced to accept agreements signed by other unions - Reuters.  Full Article

Harmony Gold Mining Company Ltd says has reached a three-year wage agreement with unions
Thursday, 1 Oct 2015 08:00pm EDT 

Harmony Gold Mining Company Ltd:Harmony and unions reach fair and reasonable wage agreement.Has reached a three year wage agreement with National Union of Mineworkers, UASA and Solidarity, effective from 1 July 2015.Also agreed to incorporate Rock Drill Operators' (RDOS) allowance of R400 into basic pay and other operators' allowance of R250.Increases range from 6% for miners, artisans and officials to 10.4% for category 4 employees.Increase will ensure category 4 to 8 employees and B-lower officials will immediately receive increase of R600 per month, to be back-dated to 1 July 2015.Association of Mineworkers and Construction Union (AMCU) has rejected offers made by company.  Full Article

Harmony Gold Mining Company Ltd - South African unions split on gold sector wage offer - Reuters
Monday, 14 Sep 2015 08:00pm EDT 

Harmony Gold Mining Company Ltd:South African unions were on Tuesday divided on whether to accept the latest wage increase offer from gold producers, raising the risk of strikes in a sector suffering from low prices and rising costs - Reuters.The National Union of Mineworkers (NUM) recommended its members accept the wage increase offer of around 14 percent, or up to 800 rand ($60) per month, for the lowest paid workers, plus benefits like medical care and pension contributions - Reuters.However, The Association of Mineworkers and Construction Union (AMCU), which rivals NUM as South Africa's biggest mining union, rejected the offer - Reuters.Gold producers AngloGold Ashanti, Harmony Gold, Sibanye Gold and Evander Gold Mines said the offer was generous - Reuters.A smaller union, the United Association of South Africa, said it had accepted the latest offer in principle, while Solidarity, a union representing skilled workers, said it agreed to a separate six percent wage increase - Reuters.  Full Article

Harmony Gold Mining Company Ltd gives Q4 2015 and FY 2015 production guidance
Wednesday, 15 Jul 2015 05:40am EDT 

Harmony Gold Mining Company Ltd:Gold production during Q4 2015 quarterly is likely to be 4 pct to 5 pct higher quarter-on-quarter.While gold production for FY15 is estimated to be at 1.08 mln ounces.  Full Article

Harmony Gold Mining Company Ltd announces fatality at Unisel mine
Tuesday, 7 Apr 2015 03:00am EDT 

Harmony Gold Mining Company Ltd:Regrets to advise that an employee was fatally injured in an engineering related accident while performing maintenance work at Unisel mine near Welkom on April 4, 2015.Production at the mine has been stopped and an investigation into the accident is underway.  Full Article