SA’s newest gold mine summons Joburg’s colourful history
SOUTH Africa’s gold industry has been dwindling for years. Once supplying 83% of all production outside the Soviet bloc, the country doesn’t feature in the global top 10 today.…
Harmony Gold’s incredible ascent to JSE rock-star
OF all the recent developments in the South African mining industry, the transformation of Harmony Gold from JSE ‘dog’ to ‘rock star’ in 18 months has to be the most dramatic.…
Time for Harmony Gold to loosen the purse strings?
HARMONY Gold’s former CEO Peter Steenkamp will go down in the company’s history as one of its most important change agents. It was under his watch the company bought the…
Harmony Gold reports five fatalities at SA mines
HARMONY Gold on Wednesday said five employees had been killed in two separate incidents at its South African mines. At Doornkop mine west of Johannesburg two employees lost their…
Harmony Gold on track to beat production forecast for 2025
HARMONY Gold said on Monday it was on course to produce more gold than forecast for its 2025 financial year ended June 30. For the six months to December production would come in…
Harmony Gold anoints Beyers Nel as CEO, with a twist
HARMONY Gold on Thursday said Beyers Nel would take over as CEO from 2025 continuing the group’s tradition of promoting its chief operating officers to the top job. Nel takes…
MWS expansion is a turning point in the future of Harmony says CEO Peter Steenkamp
The bucks are rolling into Harmony’s Mine Waste Solutions (MWS) dump retreatment operation near Klerksdorp which – according to CEO Peter Steenkamp – stands as a key example of…
Cash flush Harmony never better placed to grow offshore
EXECUTIVES at Harmony Gold struggled to recall the last time the company had net cash. “Not in my lifetime,” CEO Peter Steenkamp said in an interview earlier this month.…
Harmony says Free State surface gold could be mined for 100 years
HARMONY Gold will complete studies into a tailings project in South Africa’s Free State province this year that could ensure gold production from the region for a century. Peter…
Harmony posts record free cash flow, but sticks to dividend policy
HARMONY Gold generated record operating free cash flow of R12.74bn for its 2024 financial year ended June but it opted against a special dividend for shareholders ahead of major…
Harmony Gold to write down Target North by R2.79bn
HARMONY Gold plans to write-down its Target North gold resource in the Free State province for R2.79bn – a development that takes the gloss off a stellar production and financial…
Harmony gets A$20.7m grant from Australia for Eva Copper
HARMONY Gold said on Tuesday it welcomes a A$20.7m grant from the Australian government for its proposed Eva Copper Mine Project. The grant, provided by the Queensland government…
Harmony Gold to beat revised guidance after stellar year
HARMONY Gold said today it expected to exceed 1.55 million ounces in gold output for the 12 months ended June 30, beating guidance it previously revised upwards. In March the…
Harmony Gold has “pathway” for 1.5m oz/year until 2038
SHARES in Harmony Gold hit a 20-year high in mid-April at just over R186 per share. Were the share to maintain its current value, equal to a market capitalisation of R110bn, it…
Harmony Gold signs historic 6% wage deal with all unions
HARMONY Gold on Thursday said it had signed a five-year wage deal with unions for a 6% per year increase including benefits, effective from July. The agreement is significant as…
Harmony Gold to spend R7.9bn extending Mponeng to 2044
HARMONY Gold on Wednesday announced the R7.9bn extension of Mponeng which will keep the mine, located west of Johannesburg, operating until at least 2044. Commenting in its half…
Harmony set to put cash from bonanza half year into projects
HARMONY Gold is to report half year share earnings more than 100% higher for the 2023/24 financial year owing to an improvement in the rand gold price as well as higher grades at…
Harmony Gold continues strong production momentum
HARMONY Gold maintained full year production guidance of between 1.38 to 1.48 million ounces for the period to end-June following a strong first half showing. In a production…
Harmony says Hidden Valley output unaffected by PNG violence
HARMONY Gold said production from its Hidden Valley mine in Papua New Guinea was unaffected by violence that erupted on the Pacific island nation this week. The country’s prime…
SA Govt’s plan to unleash army on illegal mining is doomed
SIBANYE-Stillwater’s Neal Froneman has more reason than most to want crime and corruption in the mining sector tackled. The precious metals miner, of which he is the founding…