Harmony obtains Section 11 approval – a significant step towards concluding the Moab Khotsong transaction
Johannesburg, Tuesday, 13 February 2018. Harmony Gold Mining Company Limited (“Harmony” and/or “the Company”) is pleased to announce that the Department of Mineral Resources has granted consent in terms of section 11(2) of the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002), to cede the Moab Khotsong mining right to Harmony, fulfilling one of the most important conditions precedent towards the completion of the Moab Khotsong transaction.
“The approval confirms government’s support of the transaction which will enhance the quality of our asset portfolio and increase our profit margins”, said Peter Steenkamp, chief executive officer.
For more details contact:
Lauren Fourie
Investor Relations Manager
+27 (0) 071 607 1498 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)
JSE Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
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 (PNG). Harmony, which has more than 60 years’ experience in the industry, is the third largest gold producer in South Africa. Our assets include one open pit mine and several exploration tenements in PNG, as well as 9 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, we own 50% of the significant Golpu project in a joint venture in PNG.
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.