Profile: Harmony Gold Mining Company Ltd (HMY.N)
3 Dec 2013
Harmony Gold Mining Company Limited (Harmony), incorporated on August 25, 1950, is engaged in conducting underground and surface gold mining and related activities, including exploration, processing and smelting. During the fiscal year ended June 30, 2012 (fiscal 2012), its mining operations reported total proven and probable reserves of 52.9 million ounces (including gold equivalent ounces), primarily from South African sources. During fiscal 2012, we processed 20.7 million tons of ore. During fiscal 2012, approximately 84% of its gold came from the Company’s South African underground mines, and approximately 9% came from its South African surface operations (which include the Kalgold opencast operation and the Phoenix operation). The Company conducts surface mining at four sites which include Free State (also known as Phoenix); Freegold; Kalgold; and Target.
South African Operations
In South Africa, the Company operates a total of 10 underground operations, several surface operations, including an opencast mine, and nine processing plants, which are located in all of the known goldfields in the Witwatersrand basin of South Africa, as well as the Kraaipan Greenstone Belt. These operations produced approximately 1,186 million ounces during fiscal 2012, and South Africa represented approximately 58% (or 30.9 million ounces) of its total proven and probable reserves. The deep level gold mines are located in four provinces in this basin, being the Free State province, Mpumalanga, the West Rand Goldfields in Gauteng province and the North West province. Surface operations are located in all these provinces.
The Company’s interests internationally are located in PNG. It represent 42% (or 22.0 million gold equivalent ounces) of its total proven and probable reserves.
In PNG, through its wholly-owned PNG-based subsidiaries, the Company owns range of development and exploration prospects, and one operating mine. This includes a 50% interest in what is collectively known as the Morobe Mining Joint Venture (MMJV), held through Morobe Consolidated Goldfields Limited (Morobe Consolidated Goldfields), Wafi Mining Limited (Wafi) and Morobe Exploration Limited (MEL). The Company also has exploration projects that are wholly-owned, held through Harmony Gold (PNG) Exploration Limited (HGEL). The Company has exploration at three key project sites, being Mount Hagen, Amanab and Tari.
Harmony Gold Mining Company Ltd
Randfontein Office park
Corner of Main Reef Road and War