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HARMONY GOLD MINING COMPANY LIMITED - Harmony takes control of the Mponeng and Mine Waste Solutions assets

Release Date: 01/10/2020 14:26:00      Code(s): HAR       PDF(s):  
Harmony takes control of the Mponeng and Mine Waste Solutions assets

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

Harmony takes control of the Mponeng and Mine Waste Solutions assets and
strengthens its South African executive operational management structure

Johannesburg, Thursday, 1 October 2020. Harmony Gold Mining Company Limited
(“Harmony” or “the Company”) is pleased to announce that the acquisition
of Mponeng mine and Mine Waste Solutions from AngloGold Ashanti Limited
was concluded yesterday and the purchase price of the Rand equivalent of
$200 million was paid.

“We are pleased that the transaction has been completed and welcome the
employees from Mponeng and Mine Waste Solutions to the Harmony family,”
said Peter Steenkamp, chief executive officer of Harmony.

Harmony has strengthened its South African executive operational management
structure to support the Company’s growth in the country.

The revised structure, which will continue to be headed by Beyers Nel –
chief operating officer: South African Operations – is effective from
today, 1 October 2020. Beyers has close to 20 years’ experience in various
operational, management and executive roles in gold mining, gained on
opencast, deep and ultra-deep level mines. Moses Mothlageng, Zweli Ndese
and Francois Janse van Rensburg will be the three regional general managers
who will assist Beyers in managing the Company’s South African operations.

Moses Motlhageng, previously regional general manager responsible for the
Moab Khotsong, Kusasalethu and Kalgold, assumes responsibility for Mponeng
while retaining responsibility for Kusasalethu and Kalgold. He joined
Harmony in 2011 and has 21 years’ operational and management experience in
the diamond, platinum and ultra-deep gold sectors of the mining industry.

Zweli Ndese, previously assigned to Harmony’s business development office,
rejoins the South African executive team as regional general manager
responsible for Moab Khotsong and Doornkop. Zweli has 26 years’ experience
in the mining industry, having held various senior positions in the gold
and platinum sectors.

Francois Janse van Rensburg will continue as Regional General Manager for
all the Free State operations (Bambanani, Unisel, Joel, Masimong, Target
and Tshepong Operations). He has 25 years’ experience in the South African
hard-rock, underground gold mining environment with more than 13 years’
experience at senior management level. He joined Harmony in 2004.

“Beyers, Moses, Zweli and Francois are well-experienced, energetic mining
engineers. Our operations have built up good momentum over the past couple
of years under the leadership of Beyers. Now that we are the owners of the
newly acquired assets, we will be in a position to determine which synergies
will enable us to unlock the most value,” Steenkamp added.


For more details contact:

Marian van der Walt
Senior Group Executive: Enterprise Risk and Investor Relations
+27(0)82 888 1242

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

Johannesburg, South Africa
1 October 2020

J.P. Morgan Equities South Africa Proprietary Limited

Date: 01-10-2020 02:26:00
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