Go Back Email this Link to a friend


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”)


HARMONY TO RECOMMENCE WAFI-GOLPU PERMITTING DISCUSSIONS

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Wafi-Golpu Joint Venture (“WGJV”) on 11 December 2018, was withdrawn.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.


Ends.




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

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

Date: 11-02-2020 01:38:00
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
© 2020 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.