HARMONY GOLD MINING COMPANY LIMITED - Harmony committed to solidarity in addressing the spread of Covid-19Release Date: 24/03/2020 07:18:00 Code(s): HAR PDF(s):
Harmony committed to solidarity in addressing the spread of Covid-19
Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
JSE share code: HAR
(“Harmony” or “the Company”)
HARMONY COMMITTED TO SOLIDARITY IN ADDRESSING THE SPREAD OF
Johannesburg, Tuesday, 24 March 2020. Harmony Gold Mining Company
Limited (“Harmony” and/or “the Company”) notes and commits its full
support for the COVID-19 directives announced by South African
President Cyril Ramaphosa (“the COVID-19 directives”) on 23 March
The core directive is a 21-day lockdown for South Africans from
midnight on Thursday, 26 March 2020, until Thursday, 16 April 2020.
All of South Africa’s mining operations are required to be placed
on care and maintenance.
President Ramaphosa announced a broad range of measures to be taken
to mitigate the impact of the lockdown on South Africa’s economy.
The health and well-being of all our employees remain a top priority.
To protect our assets and ensure people’s livelihoods to the extent
possible and reasonable, we will ensure the orderly implementation
and management of placing our mines on care and maintenance for the
duration of the lockdown.
Our board, executive and management are at work on detailed
arrangements to manage the effects of the lockdown on our business
and will be in a position to disclose more detailed information to
our stakeholders over the next two days.
Shareholders are cautioned that the COVID-19 directive will impact
negatively on Harmony’s annual production guidance of 1.4 Moz and
thus on the company’s FY2020 earnings.
“This is an unprecedented time in the history of the mining industry
and our country. The health and safety of all South Africans must
take precedence and as such, we are committed to making decisions
that will ensure the continued viability of our company,” said Peter
Steenkamp, Harmony’s chief executive officer.
FOR MORE DETAILS,
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242
Manager: Investor Relations
+27 (0) 82 759 1775
Johannesburg, South Africa
24 March 2020
J.P. Morgan Equities South Africa Proprietary Limited.
Date: 24-03-2020 07:18:00
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