Company announcements Home » Investors » News » Company announcements » Acquisition of Mponeng, Mine Waste Solutions concluded 2020 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Acquisition of Mponeng, Mine Waste Solutions concludedSeptember 14, 2020Johannesburg, Monday, 14 September 2020. Harmony Gold Mining Company Limited (“Harmony” or “the Company”) is pleased to announce that all conditions precedent relating to its acquisition of the Mponeng mine (Mponeng) and Mine Waste Solutions (MWS) from AngloGold Ashanti Limited (AngloGold Ashanti) (“the transaction”) have been met and accordingly the two parties have now concluded the transaction. Consequently, the transaction is scheduled to close in accordance with the transaction agreement on 30 September 2020, upon which Harmony will assume full ownership and operation of Mponeng, MWS and all other assets and liabilities that form part of the transaction. Harmony will take effective control of the assets as from the 1st of October 2020. Aside from improving Harmony’s portfolio mix between surface and underground operations, the transaction has the potential to improve the group’s overall recovered grade and increase cash flow margins. Harmony will only be in a position to estimate the full benefit of the integration once its planning parameters have been applied and the Company has taken ownership of the assets. Harmony CEO Peter Steenkamp said: “This is a proud moment for Harmony, further demonstrating our well-established belief in and commitment to the sustainability of gold, our confidence in South Africa and our determination to grow value for all of our stakeholders.” Harmony will publish its financial results for the year ended 30 June 2020 on Tuesday, 15 September 2020. Please see Harmony’s website for more details: www.harmony.co.za. For more details contact: Marian van der Walt Senior Group Executive: Enterprise Risk and Investor Relations +27(0) 82 888 1242 Max Manoeli Investor Relations +27(0) 82 759 1775 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 close to 70 years’ experience in the industry. Company 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, 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.
