Company announcements Home » Investors » News » Company announcements » Harmony’s Phakisa and Doornkop growth projects pass another big milestone 2005 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Harmony’s Phakisa and Doornkop growth projects pass another big milestoneAugust 01, 2005Harmony Gold Mining Company Limited (NYSE: HMY JSE: HAR) today announced that two of its’ growth projects, Doornkop and Phakisa, had reached significant milestones in their development. The development of Harmony’s extensive project portfolio is in full swing. Recently both The Doornkop South Reef Project and the Phakisa Project, both new mines in construction, reached significant project milestones. The Doornkop South Reef Project is a R1 billion project involving the deepening of the existing Doornkop Mine to access the South Reef. The project is due to commence production in October 2006 and will achieve peak production of over 300 000 ounces in 2009. The shaft sinking operation has been uniquely configured to sink at two elevations in the same shaft (see Figure attached). With the raise bore holes completed in both the upper and lower sections of the shaft, sinking has commenced at the bottom level from 197 level, and sinking preparations in the upper section of the main shaft are now complete. The first blast was taken in the upper section of the shaft sinking operation on 28 July 2005. At Phakisa, a shaft acquired with the Freegold acquisition, shaft sinking operations have been completed and shaft equipping recently commenced. On 1 August 2005 the first shaft bunton set will be installed. This milestone is a big step toward commencement of production of this R613 million project in June 2007. Full production of 250 000 ounces per year scheduled in 2008. “We are building three new mines in South African, have a further three major expansions underway and are planning to build a new mine in PNG starting later this year. These projects combined will produce over 1,5 million ounces per year and cost an estimated R3,3 billion, 35% of which has already been spent. We are enormously excited about all of these projects that are all of higher quality and lower costs than our current production portfolio.” Commented Chief Executive Bernard Swanepoel. For more details contact: Brenton SaundersExecutive, Investor Relations+27(0)83 607 4060 Vusi MagadanaInvestor Relations OfficerOffice: +27 11 684 0149Mobile: +27(0)72 157 5986vusi.magandan@harmony.co.za