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Our operations

Phakisa

Phakisa is located in the Free State Province, some 252 kilometres from Johannesburg. The mine has two shafts, the main Phakisa shaft and the Nyala shaft. The latter is used to hoist rock and serves as a second escape route. Phakisa exploits the Basal Reef. Mining is conducted at a depth of 2 426 metres. Ore mined is processed at the Harmony One plant.

Performance FY16

Phakisa is building up to full production which is expected within the next 18 months. In line with the planned build-up of production at Phakisa, gold production increased by 28% to 3 988kg (128 217oz).

Phakisa is delivering on plan and consistently meeting development targets. Increased focus on efficiencies and productivity will further enhance the operating margin of the operation. Management are conducting optimisation studies to integrate the Tshepong and Phakisa mines.

Risks receiving management's focus include managing logistical challenges including the single-man winder arrangement, the Koepe rock winder and the rail-veyorTM ore-handling system.

More detailed information on safety performance can be found in the Integrated annual report.

Key statistics

    FY16 FY15 FY14
Number of employees        
– Permanent   3 547 3 344 3 460
– Contractors   350 392 325
Total   3 897 3 736 3 785
Operational        
Volumes milled (000t) (metric) 686 611 577
  (000t) (imperial) 756 674 636
Gold produced (kg) 3 988 3 118 2 976
  (oz) 128 217 100 246 95 680
Gold sold (kg) 3 991 3 156 2 963
  (oz) 128 314 101 468 95 263
Grade (g/t) 5.81 5.10 5.16
  (oz/t) 0.170 0.149 0.150
Productivity (g/TEC) 93.54 76.99 70.72
Development results        
Total metres (excl. capital metres)   11 022 12 138 11 298
Reef metres   1 785 1 749 1 364
Capital metres   0 162 101
Financial        
Revenue (Rm) 2 186 1 420 1 284
  (US$m) 151 124 124
Average gold price received (R/kg) 547 829 449 969 433 199
  (US$/oz) 1 175 1 223 1 302
Cash operating cost (Rm) 1 378 1 166 1 068
  (US$m) 95 102 103
Production profit/(loss) (Rm) 811 239 223
  (US$m) 56 21 21
Capital expenditure (Rm) 323 403 360
  (US$m) 22 35 35
Cash operating cost (R/kg) 345 457 373 876 358 995
  (US$/oz) 741 1 016 1 079
All-in sustaining cost (R/kg) 436 477 501 996 486 710
  (US$/oz) 936 1 364 1 463
Safety        
Number of fatalities   2 0 1
Lost-time injury frequency rate per million hours worked   6.64 8.76 7.73
Environmental        
Electricity consumption (GWh) 152 143 126
Water consumption – primary activities (ML) 1 254 1 155 1 090
greenhouse gas emissions (000t CO2e) 154 147 125
Intensity data per tonne treated        
– energy   0.22 0.23 0.22
– water   1.83 1.89 1.89
– greenhouse gas emissions   0.22 0.24 0.22
Number of reportable environmental incidents   0 0 0
Community        
Local economic development * (Rm) 6 12 11
Training and development (Rm) 35 32 30

* Included in the total for FY15 is an amount of R3 million that was capitalised as part of the hostel upgrades (FY16: R0 million)

Other salient features  
Status of operation Production ramp up continues
Life of mine 10 years
Hoisting capacity (per month) 103 000 tonnes (113 537 imperial tons)
Compliance and certification New order mining right – December 2007
ISO 14001
ISO 9001
OHSAS 18001 

Mineral reserves as at 30 June 2016

  Proved reserves Probable reserves Total mineral reserves
Reserves (metric) Tonnes
(Mt)
Grade
(g/t)
Gold
(000kg)
Tonnes
(Mt)
Grade
(g/t)
Gold
(000kg)
Tonnes
(Mt)
Grade
(g/t)
Gold
(000kg)
  5.6 6.56 37 1.9 7.17 14 7.5 6.72 50
Reserves (imperial)) Tonnes
(Mt)
Grade
(g/t)
Gold
(000kg)
Tonnes
(Mt)
Grade
(g/t)
Gold
(000kg)
Tonnes
(Mt)
Grade
(g/t)
Gold
(000kg)
  6.2 0.191 1 185 2.1 0.209 437 8.3 0.196 1 622

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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 2016
Integrated annual report 2016

(HTML & PDFs)

Investor brief

Harmony Investor brief, Feb 2017
Harmony Investor brief -
February 2017

(PDF - 1.9MB)