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HARMONY GOLD MINING COMPANY LIMITED - Harmony to recommence Wafi-Golpu permitting discussions

Release Date: 11/02/2020 13:38:00      Code(s): HAR       PDF(s):  
Harmony to recommence Wafi-Golpu permitting discussions

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”)


Johannesburg, Tuesday, 11 February 2020. Harmony Gold Mining Company
Limited (“Harmony” and/or “the Company”) is pleased to announce that it
will recommence discussions with the Papua New Guinea government on the
Special Mining Lease for the Wafi-Golpu Project.

The resumption of the discussions comes a year after support for the
Memorandum of Understanding (“MOU”), signed between the state and the
Wafi-Golpu Joint Venture (“WGJV”) on 11 December 2018, was withdrawn.

The WGJV, an unincorporated joint venture between subsidiaries of Harmony
and Newcrest Limited, today received notification from Papua New Guinea’s
Minister for Mining that the judicial review proceeding brought by the
Governor of Morobe Province was dismissed by the National Court.

“The WGJV is well placed to resume discussions with the PNG Government,
given the constructive progress already made on the various agreements
required for completion,” said Harmony CEO Peter Steenkamp.

“We believe Wafi-Golpu is a game changer for Harmony – both in terms of
replacing our ounces and increasing margins,” Steenkamp said.


For more details contact:

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

Max Manoeli
Investor Relations
+27(0)82 759 1775 (mobile)

Johannesburg, South Africa
11 February 2020

J.P. Morgan Equities South Africa Proprietary Limited

Date: 11-02-2020 01:38:00
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