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HARMONY GOLD MINING COMPANY LIMITED - Update on measures taken in response to COVID-19 national lockdown in South Africa

Release Date: 31/03/2020 08:00:00      Code(s): HAR       PDF(s):  
Update on measures taken in response to COVID-19 national lockdown in South Africa

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”)

UPDATE ON MEASURES TAKEN IN RESPONSE TO COVID-19 NATIONAL LOCKDOWN
IN SOUTH AFRICA


Johannesburg. 31 March 2020. Further to its SENS announcement on 24
March 2020 relating to the 21-day national lockdown announced by South
Africa’s President on 23 March 2020 to address the spread of COVID-
19 in the country, Harmony Gold Mining Company Limited (“Harmony”
and/or “the Company”) provides the following update.

Committed to curb the spread of COVID-19

“The health and safety of all of our employees - and in particular
those who continue to work on the care and maintenance of our mines,
as well as at Hidden Valley – remain our highest priorities. We
continue to ensure compliance with all prescribed and recommended
preventive measures – in both South Africa and Papua New Guinea,”
said Harmony’s CEO, Peter Steenkamp.

Production in South Africa

Underground mining operations in South Africa

All nine of the Company’s underground mines in South Africa have
ceased mining and are now on care and maintenance in terms of the
requirements of the national lockdown. Care and maintenance includes
the continued provision of various essential services such as water,
power and security and the operation of health hubs at each mine.

Surface treatment plants and surface retreatment operations

All surface treatment plants at the underground mines continue to
process pre-existing surface reef and waste, and surface retreatment
operations continue to treat surface tailings, in line with the
concessions announced by the Minister of Mineral Resources and Energy
on 25 March 2020.
Open-pit mining operation in South Africa

Kalgold, the Company’s open-pit mining operation in South Africa’s
North West Province, continues to mine and treat its ore at a reduced
rate.

Limited gold production during lockdown

It is anticipated that Harmony will only produce between 650kg to
700kg of gold in South Africa during the 21-day lockdown period.

Cash preservation is key, and as such all exploration and capital
projects have been suspended.

Production in Papua New Guinea (“PNG”) to continue

Hidden Valley

Hidden Valley will continue to mine in line with its plan, subject
to any directives issued in line with PNG’s National Security Plan
of Action in response to COVID-19.


Ends.


For more details contact:

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

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

Johannesburg, South Africa
31 March 2020


Sponsor:

J.P. Morgan Equities South Africa Proprietary Limited.

Date: 31-03-2020 08:00:00
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