HARMONY GOLD MINING COMPANY LIMITED - Harmony secures regulatory approvals for the expansion of its Kareerand tailings storage facility project

Harmony secures regulatory approvals for the expansion of its Kareerand tailings storage facility project

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 SECURES REGULATORY APPROVALS FOR THE EXPANSION OF ITS KAREERAND TAILINGS
STORAGE FACILITY PROJECT


Capital allocated to reduce environmental footprint, lowering risk and improving
margins


Johannesburg, Tuesday, 14 June 2022. Harmony Gold Mining Company Limited
(“Harmony” and/or “the Company”) is pleased to announce that key regulatory
approvals were obtained to allow the Company to proceed with its Kareerand
expansion project to ensure the continued retreatment of surface depositions at
Mine Waste Solutions.


Mine Waste Solutions was acquired by Harmony in October 2020. It is a reclamation
operation in the Stilfontein/Orkney area in the North West province in South
Africa, which treats 2.2 million tonnes per month from historical tailings
facilities through the Mine Waste Solution plant. Residue is then deposited on
the existing Kareerand tailings storage facility, which is running out of
tailings deposition capacity, thus necessitating building an extended tailings
dam (“the Kareerand Expansion Project”).


The Kareerand Expansion Project is expected  to  produce approximately
100 000 ounces of gold per annum and add 16 years’ life of mine at an estimated
all-in sustaining cost of about R572 000/kg over the life of the mine – lowering
the risk profile of Harmony’s asset portfolio and improving its margin as a
result.


“The Kareerand Expansion Project is yet another example of “Mining with Purpose.”
This low risk, low cost operation will ensure healthy returns for investors, the
creation of jobs for another 16 years and the rehabilitation and restoration of
land in the area,” said Peter Steenkamp, Harmony’s chief executive officer.


Ends.


For more details contact:


Jared Coetzer
Head of Investor Relations
+27 (0)82 746 4120

14 June 2022

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

Date: 14-06-2022 03:40:00
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