Eastern Cape

With over 70 years in the industry, Harmony is an emerging market gold mining specialist with a sizeable copper footprint.

Harmony is the largest gold producer by volume in South Africa and is a significant operator of gold tailings retreatment facilities. In Papua New Guinea, Harmony owns and operates the Hidden Valley mine and owns 50% of the Tier 1 Wafi-Golpu copper-gold project. Harmony recently acquired 100% of the Eva Copper project, a near-term copper project in Queensland, Australia. 

For over 70 years Harmony has, more than any other gold mining company in South Africa, demonstrated true sustainability. From our enduring history, to the product we mine and the way in which it is mined, to the care we take to preserve the environment and the support we provide to our communities, Harmony has illustrated, time and again, that sustainability is the driving force of our business.

OPERATIONS

JOEL

057 733 7040057 733 7014

MASIMONG

057 910 5650

TARGET 1

057 452 4429

TSHEPONG NORTH

057 907 2113

TSHEPONG SOUTH

057 916 7244

DOORNKOP

011 278 6679

KUSASALETHU

018 782 9348

MPONENG

018 700 1890018 700 1749

SOLUTION CENTRE

018 700 1710

MOAB KHOTSONG

018 478 1919

KALGOLD

018 332 1192

MINE WASTE SOLUTIONS

018 478 4214

CORPORATE OFFICES

2016 – 2022

LOW-RISK, HIGH QUALITY GLOBAL ACQUISITIONS

GROWTH

Our future path remains clear and Harmony, as a multi-national entity, continues to grow and develop.

While our 70th anniversary has been celebrated at a time of almost unprecedented global uncertainty – and certainly unprecedented in the history of this company – we remain resolute in our objective to grow and develop our people and assets, and provide sustainable value to all our stakeholders through responsible operation and economic regeneration.

Full ownership of Hidden Valley acquired in October 2016

First ever fatality-free period for Harmony as a group for the June 2017 quarter

Moab Khotsong and Great Noligwa mines acquired in March 2018

The third iteration of the Mining Charter was gazetted on 27 September 2018

South Gauteng High Court approves agreement on the silicosis class action settlement

Harmony concludes acquisition of Mponeng and related assets in September 2020

Construction starts on 30MW solar photovoltaic plants in the Free State in June 2022, the first of a 167MW ESG commitment

On 6 October 2022, Harmony entered into an agreement with Copper Mountain to acquire 100% of the Eva copper project in Australia and a package of regional exploration tenements

2010 – 2015

BECOMING SOUTH AFRICA’S FOREMOST GOLD PRODUCER

In 2010, Hidden Valley, Harmony’s first offshore greenfields project in a joint venture with Newcrest Mining Limited, was officially opened

By June 2010, 26% of Harmony’s shareholders were based in the United States

In 2011, exploration and feasibility study results confirmed the viability of the Wafi-Golpu project held by the joint venture between Harmony and Newcrest

In 2012, Harmony launched its first employee share ownership plan – the Tlhankanelo Employee Share Trust – benefitting 33 000 Harmony employees

In 2013, we vendor-financed the disposal of 25% of Free State-based Phoenix Tailings operations; an additional 5% was given to the Community Trust, controlled by Harmony

First-ever fatality free period reported by our South African operations for the December 2014 quarter

2002– 2009

CREATING A DIVERSIFIED ASSET AND OWNERSHIP BASE

Legislation governing the South African mining industry was overhauled with the promulgation of the Mineral Resources and Petroleum Development Act 28 of 2002

Harmony transferred its listing from Nasdaq to the New York Stock Exchange in November 2002

Acquired a 50% share of Freegold which included the Joel, Phakisa, Tshepong and Bambanani mines

In 2002, Harmony entered Papua New Guinea, acquiring an initial stake in the Hidden Valley exploration project

CARE

True sustainability can only be achieved with the proper management of the environment and the support of the host communities that are impacted by mining activities.

It is for this reason that Harmony takes its role as a responsible corporate citizen seriously. We have evolved our approach to mining to one that is co-operative and responsible. We pursue a myriad of programmes and initiatives that aim to uplift and develop our host communities, while mitigating our environmental impact as far as feasibly possible, to ensure that we leave a positive and lasting socio-enviro-economic legacy in the areas we operate.

In 2003, a landmark deal was successfully concluded whereby black economic empowerment firm African Rainbow Minerals Gold acquired a 20% stake in Harmony. This was hailed as one of the most important empowerment deals of South Africa’s first decade of democracy, being a microeconomic reflection of the country’s political miracle of 1994

Through this empowerment deal, Harmony fully acquired the Freegold operations

On 1 October 2003, Dr Patrice Motsepe was appointed chairman

The first iteration of the Mining Charter was released in 2004

Harmony’s acquisition campaign continues into 2004 with the purchase of Avgold, which owned the Target mine

Harmony began a prefeasibility study, based on the resource defined at that time, as well as a substantial exploration campaign on the Wafi- Golpu prospect in Papua New Guinea

In 2007 and 2008, Harmony buys back royalties over Hidden Valley and Wafi-Golpu held by Rio Tinto

In 2008, the Morobe Mining Joint Venture, a 50:50 partnership between Harmony and Australian mining company, Newcrest Mining Limited, was established

1996 – 2001

FORGING AN INDEPENDENT, MULTI-OPERATION COMPANY

Harmony’s era of growth and expansion began with the its initial listing on the Nasdaq in 1996

The Constitution of the Republic of South Africa, widely considered as one of the most progressive in the world, was approved by the Constitutional Court on 4 December 1996, taking effect on 4 February 1997

The service agreement with Randgold & Exploration was terminated in 1997 at which point Harmony began operating as a completely independent gold mining company

From 1997, Harmony embarked on an acquisition strategy to expand the company from being a single-lease mining operation to becoming an independent, multi-operation, worldclass gold producer, commencing with the acquisition of Lydenburg Exploration Limited, as well as the Unisel, Grootvlei and Consmodder operations

Between 1998 and 2000 Harmony acquires additional mining rights in the Free State, Mpumalanga, Gauteng and North West provinces in South Africa:

Evander and Masimong in 1998

Kalgold in 1999

Randfontein in 2000

Elandskraal in 2001

VALUE

The enduring value of the product we mine is unquestionable.

Its principal characteristics of being highly corrosion-resistant, malleable and highly-conductive make gold one of the most superior of the mined commodities. More significantly, it is viewed as a store of wealth, on which the true value of gold has been based for the past 6 000 years. Demand for gold is as sustainable as its characteristics and for as long as the precious metal remains that most coveted of commodities, we will continue to supply the market.

1950 – 1995

THE EARLY YEARS

Established on 25 August 1950 as a public company with the purpose of operating the Harmony mine, a single mine lease in the Free State; it was formed as a subsidiary of the mining finance house Rand Mines

Listed on the Johannesburg Stock Exchange in 1951

First gold poured in September 1954

Production of uranium began in 1955

On 31 May 1961, South Africa officially became a Republic

In 1972, ownership of Harmony was transferred to Barlow Rand Group following the merger of Barlow and Rand Mines, which effectively created one of the largest industrial corporations in South Africa

In 1973, Harmony merged with the Anglovaal-owned Merriespruit and Virginia mines to formally establish Harmony Gold Mining Company Limited. The amalgamated operation had a lease area of 9 933.67ha

In 1992, the gold interests of Barlow Rand, including Harmony, were spun out into the newly-incorporated Randgold & Exploration

South Africa held its first non-racial democratic elections in 1994

In late 1994, Randgold canceled its management agreement with Harmony and entered into a service agreement to supply executive and administrative services at market rates

TIME

Over the past seven decades, Harmony has grown from a single-lease mine into a multinational entity that has the resources, skills and fortitude to endure all conditions.

But our most telling sign of sustainability is not our longevity, but rather the way in which we are able to turn our assets to account by extracting the maximum value over a longer life-of-mine. Many of the assets we have owned and mined over the decades would have closed much earlier under previous owners. By applying our business acumen and a responsible mindset, Harmony has prolonged the lives of these assets, to the sustained benefit of employees, communities, shareholders and other stakeholders.