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Tshepong

Our business

Our business

Harmony operates in South Africa and in Papua New Guinea. The company has nine underground mines, one open-pit mine and several surface operations in South Africa and in Papua New Guinea, it has a 50% interest in the Morobe Mining Joint Ventures, which includes Hidden Valley, an open-pit gold and silver mine, the Wafi -Golpu project, and extensive exploration tenements. Outside the joint venture, Harmony’s own exploration portfolio focuses principally on highly prospective areas in Papua New Guinea.

In FY14, our South African operations accounted for 91% of total production of 1.17Moz, with 9% coming from Papua New Guinea. At 30 June 2014, Harmony reported attributable gold equivalent mineral reserves of 49.5Moz of gold, a 3.9% decrease from the 51.5Moz declared on 30 June 2013. Attributable gold mineral resources of 133.8Moz (FY13: 147.7Moz), show a 9.4% decrease year-on-year from 30 June 2013.

Harmony employed 34 686 people, largely in South Africa, of whom 5 695 were contractors (FY13: 36 579 people, including contractors). In Papua New Guinea, Harmony employed about 60 employees (excluding employees from the Morobe Mining Joint Ventures).

Operations map

Our awards

In FY14, Harmony was once again admitted to the Johannesburg Stock Exchange’s Socially Responsible Investment Index, as we have been since the inception of that index. We were also awarded platinum status in the Johannesburg Stock Exchange top 100 companies for Carbon Disclosure Project with a score of 98% for disclosure.

In addition, we were ranked eighth on the Nedbank BGreen Exchange Traded Fund and were given the Govan Mbeki National Award for best housing development project for the Masimong housing development in 2013, as well as the Govan Mbeki National Award for Best Community Residential Units project in 2014.

Our FY13 Integrated Report was awarded an excellent rating by Ernst&Young (EY), while we were one of 22 companies to receive an ‘A’ rating, as well as joint 10th place in the top 100 Integrated Reporting awards by Nkonki Inc.

These awards all speak to our ongoing commitment to building a sustainable business, and we are proud to have been recognised.

Recent news

Harmony is a dynamic and ever-changing company and our story is continuously evolving. Visit the news and events section of this website to get the latest instalments to the Harmony story. Read more

Annual report

Integrated annual report 2014
Integrated annual report 2014

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