Hidden Valley mine and Wafi-Golpu project update
Johannesburg, Thursday 26 July 2018. Harmony Gold Mining Company Limited (“Harmony” or the “Company”) is pleased to advise that Harmony’s Hidden Valley operation reached commercial levels of production in the month of June 2018.
“The investment in the stage 5 and 6 cutback was delivered safely, on schedule and below budget and we are confident that Hidden Valley will produce more than 180 000oz in FY19” said Peter Steenkamp, chief executive officer of Harmony.
Engagement with the Papua New Guinea government on the application for a special mining lease (SML) for the Wafi-Golpu project is progressing well.
On 25 June 2018, the Wafi-Golpu Joint Venture (WGJV) submitted an Environmental Impact Statement (EIS) for the Wafi-Golpu Project to the relevant Papua New Guinean regulatory authority, Conservation and Environment Protection Agency (CEPA).
The EIS has been prepared as the statutory basis for the environmental, social and cultural heritage assessment of the Wafi-Golpu Project under the Environment Act 2000 and will inform a decision by the Papua New Guinea Government whether to grant an Environment Permit and, if so, under what conditions.
With the permission of CEPA, the EIS has been made available by WGJV on its website at http://www.wafigolpujv.com.
Harmony’s FY18 results will be released on 21 August 2018.
JSE Sponsor:
J.P. Morgan Equities South Africa Propriety Limited
For more details, contact:
Lauren Fourie
Investor Relations Manager
+27 (0) 71 607 1498
Marian van der Walt
Executive: Investor Relations
+27 (0)82 888 1242
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 has more than 60 years’ experience in the industry. Company assets include one open pit mine and several exploration tenements in PNG, as well as 10 underground mines and 1 open pit operation and several surface sources in South Africa. In addition, Harmony owns 50% of the significant Wafi-Golpu copper-gold project – a tier 1 asset – 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.