Page
1
of
1
Issued by Harmony Gold
Mining Company Limited
For more details contact:
Marian van der Walt
Executive: Corporate and Investor
Relations
+27(0) 82 888 1242
Corporate office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
Listing codes:
JSE: HAR
NYSE: HMY
ISIN no:
ZAE000015228
Registration no: 1950/038232/06
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. Harmony,
which has more than 60 years’
experience in the industry, is the third
largest gold producer in South Africa.
Our assets include 9 underground mines
and 1 open pit operation and several
surface sources in South Africa. Our
assets in PNG – an open pit mine
(Hidden Valley), as well as the significant
Golpu project – are held in a joint
venture. We also own several
exploration tenements, in Papua New
Guinea.
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.
Taking Golpu up the value curve; application submitted for special mining lease
Johannesburg, Thursday, 25 August 2016: Harmony Gold Mining Company Limited
(Harmony) is pleased to announce that an application for a special mining lease for the
Wafi-Golpu project was submitted today to the Mineral Resources Authority in Papua
New Guinea.
Submission of this application follows reviews of the feasibility study for the Wafi-Golpu
project by the boards of directors of both Harmony and Newcrest Mining Limited
(Newcrest), Harmony’s joint venture partner in the project.
The Golpu porphyry is considered to be a world-class deposit that lends itself to phased
development and block cave mining. Once completed, Golpu, which is situated just
65km from Lae, the second largest city in Papua New Guinea, will be the largest
underground mine in that country.
Golpu has a JORC-compliant mineral resource of 824Mt at 1.05% copper, 0.70g/t gold,
1.25g/t silver and 90ppm molybdenum.
Work to optimise the outcomes of the feasibility study and to incorporate additional data
continues. Further project development will be subject to the granting of the special
mining lease, the obtaining of all necessary permits, approvals and agreements and,
ultimately, approval by the boards of both Harmony and Newcrest.
The development of the project will contribute to the local and the national economy by
creating employment and business development opportunities and by generating
benefit streams to landowners and host communities.
“Applying for the special mining lease brings us one step closer to realising more value
for Golpu. It confirms our commitment to our gold and copper footprint in PNG”,
Peter Steenkamp, chief executive officer of Harmony said.
ends