HAR - Harmony Gold Mining Company Ltd - Update On Electricity Supply Release Date: 30/01/2008 11:18:01 Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Update On Electricity Supply
Harmony Gold Mining Company Ltd
Incorporated in the Republic of South Africa
Registration number: 1950/038232/06
JSE share code: HAR
UPDATE ON ELECTRICITY 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 January 2008.
Issued by Harmony Gold Mining Company Limited
30 January 2008
For more details contact:
Chief Executive Officer
on +27(0)11 411 2012
+27 (0)83 265 0274
General Manager, Investor Relations
on +27 11 411 2314 or
+27 (0)82 654 9241
Randfontein Gold Mine
P O Box 1
South Africa 1796
T +27 (11) 411 2000
Merrill Lynch South Africa (Pty) Limited
Date: 30/01/2008 11:18:01 Supplied by www.sharenet.co.za
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