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Company Designations Include: |
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American Depositary Receipts
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Precious Metal and Coins
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AFFILIATED SPEAKERS |
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Jaco Boshoff
Reserves and Resources...
Harmony Gold Mining...
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COMPANY PROFILE
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1st Floor, 4 The High Street
Melrose Arch, Johannesburg
South Africa
+2711 684 0140
Fax: +2711 684 0188
Web site: www.harmony.co.za
Harmony Gold Mining Company Limited is the fifth largest gold producer in the world, with operations and projects in South Africa, Australia, and Papua New Guinea (PNG). In FY06, Harmony produced 2.4M oz of gold, predominantly from its operations in South Africa. Harmony also owns one of the world’s largest gold ore resources, with mineral resources as of 30 June 2006 of 537.6M oz at a cut-off grade of 250 cmg/t. Of this and using a long-term gold price of R105 000/kg, 56.0M oz are in the ore reserve category. Our active and aggressive growth campaign in South Africa and PNG means that we have five large-scale projects under way, at a capital cost in FY06 of R561 million (US$88 million). Together these projects will exploit 19.3 million life-of-mine ounces of which 15.2M oz forms part of the company’s existing reserve base. Additionally, our exploration programme gained significant momentum during the year under review with investigative activities focused on large parts of Latin America, Africa, South East Asia, and Europe.
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