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Update on Harmony’s power supply

Johannesburg. Wednesday 30 January 2008. In keeping our stakeholders updated, Harmony Gold Mining Company Limited (Harmony) advises that following yesterday’s meetings with Eskom and government officials, the company was allocated another 5% electricity supply, bringing our supply to 80%.

Consequently the majority of our mines are working based on the strategy plan devised for this eventually. We have a varying staff complement on our mines with no production workers on some mimes, 60% or only care and maintenance workers on other mines, and the rest at full complement.

The higher grade mines with 100% complement include Elandsrand, Randfontein, Tshepong, Evander and the some of the Virginia operations, those at 60% complement are Target, Masimong, and Phakisa; the rest of the mines are focusing on project work or care and maintenance.

We have stopped most of the support infrastructure and some of the metallurgical mills from operating during the country’s peak consumption periods. In some cases hoisting of ore is done between midnight and five in the morning when the country’s consumption is at a low peak.

Yesterday our consumption levels were around 300MW and peaked at 400MW (at 3:00 am) which is our 80% allocation. This morning we are back to 75% taking into account the country’s day-time needs.

At present there exists excellent communication between Eskom and Harmony and regular updates are being received on the power supply situation. Eskom will be phasing in the mining industry’s power requirements and we expect to be operating at the allocated 90% requirement on 31 Thursday 2008.

For more details contact:

Graham Briggs
Chief Executive Officer
+27(0)11 411 2012
+27 (0)83 265 0274

Amelia Soares
General Manager, Investor Relations
+27 11 411 2314
+27 (0)82 654 9241

Presentations

Annual report

Integrated annual report 2016
Integrated annual report 2016

(HTML & PDFs)

Investor brief

Harmony Investor brief, Sep 2017
September 2017 -
Harmony Investor brief

(PDF - 6.5MB)

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