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Harmony disposes of Bendigo stake

Harmony today announced that it had disposed of its remaining 11.6% stake in Bendigo in Australia for A$32 million.

“While the Bendigo project has an exciting future, it does not fit our long term business strategy,” commented Bernard Swanepoel, Harmony CE.

The disposal, at a price of A$1.10 a share, resulted in Harmony realising a small profit of A$3 million.

“These funds could best be put to use in the Australasian region in investments such as Hidden Valley and Wafi, our exciting project in Papua New Guinea, which will deliver growth to our offshore production base,” concluded Bernard.

Beachhead Media & Investor Relations

Jennifer Cohen
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Mobile: +27 82 468 6469
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Patrick Lawlor
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Mobile: +27 82 459 6709
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Harmony Gold

Ferdi Dippenaar
Marketing Director
+27(0)82 807 3684

Vusi Magadana
Investor Relations Officer
Office: +27 11 684 0149
Mobile: +27(0)72 157 5986
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Investor brief

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

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