Go Back Email this Link to a friend

HARMONY GOLD MINING COMPANY LIMITED - Taking Golpu up the value curve; application submitted for special mining lease

Release Date: 25/08/2016 08:43:00      Code(s): HAR       PDF(s):  
Taking Golpu up the value curve; application submitted for special mining lease

Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” or “the company”)

Taking Golpu up the value curve; application submitted for special
mining lease

Johannesburg, Thursday, 25 August 2016: Harmony Gold Mining
Company Limited (Harmony) is pleased to announce that an
application for a special mining lease for the Wafi-Golpu project
was submitted today to the Mineral Resources Authority in Papua
New Guinea.

Submission of this application follows reviews of the feasibility
study for the Wafi-Golpu project by the boards of directors of
both Harmony and Newcrest Mining Limited (Newcrest), Harmony’s
joint venture partner in the project.

The Golpu porphyry is considered to be a world-class deposit that
lends itself to phased development and block cave mining. Once
completed, Golpu, which is situated just 65km from Lae, the second
largest city in Papua New Guinea, will be the largest underground
mine in that country.

Golpu has a JORC-compliant mineral resource of 824Mt at 1.05%
copper, 0.70g/t gold, 1.25g/t silver and 90ppm molybdenum.

Work to optimise the outcomes of the feasibility study and to
incorporate additional data continues. Further project development
will be subject to the granting of the special mining lease, the
obtaining of all necessary permits, approvals and agreements and,
ultimately, approval by the boards of both Harmony and Newcrest.

The development of the project will contribute to the local and
the national economy by creating employment and business

For more details contact:

Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)

25 August 2016

J.P. Morgan Equities South Africa Proprietary Limited.

Date: 25/08/2016 08:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2021 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.