Harmony stops operations at SA mine
Harmony Gold said on Thursday that it had stopped operations at its Joel mine in South Africa after an employee died in an accident.
Harmony Gold said on Thursday that it had stopped operations at its Joel mine in South Africa after an employee died in an accident.
Harmony Gold more than doubled its second-quarter earnings on Monday, boosted by gold prices and said it was on track to meet its production targets.
The price of gold could reach $1 500 per ounce by the end of the year, Harmony Gold Mining’s CEO said on Monday.
Harmony Gold Mining said on Thursday it would sell its Mount Magnet project in Australia to focus on other ventures.
A fourth worker has died following an explosion at Harmony Gold’s Phakisa mine in the Free State, the company said on Monday.
Harmony Gold swung into a headline loss per share in the March quarter due to lower output and higher production costs.
Harmony Gold’s second-quarter earnings were lifted by a rise in the price of gold and declining costs despite a drop in production, it said on Monday.
Harmony Gold expects output to fall in the second quarter, compared with the first, but is bullish about the gold-price performance, it says.
A merger between Harmony Gold Mining Company and Pamodzi Gold Free State has been conditionally approved, the Competition Tribunal said on Friday.
More than 2 000 people may lose their jobs when Harmony Gold shuts down several shafts, it was reported on Monday.
Harmony Gold said on Friday gold production for the first quarter exceeded its own forecast, rising 6% from the preceding quarter.
Harmony Gold is going ahead with the acquisition of the Pamodzi Gold Free State mine, it said on Wednesday.
South Africa’s Harmony Gold Mining suspended operations at its Doornkop Plant on Monday after a fatality at the plant, the company said on Tuesday.
Harmony Gold Mining, the world’s fifth-biggest producer, on Monday posted a 13% fall in fourth-quarter headline earnings per share.
Harmony Gold has been selected as the preferred bidder for Pamodzi Gold’s Free State operations, the joint provisional liquidators said on Friday.
The death toll of illegal miners at Harmony Gold’s Eland shaft has risen to 82, police said on Monday.
Families of illegal miners who died underground at Harmony’s disused Eland shaft had not seen their loved ones since December, interviews revealed.
Harmony on Friday said it has suspended 57 workers for gold theft, days after the bodies of 76 illegal miners were recovered from an abandoned shaft.
Harmony Gold on Thursday confirmed that the bodies of another 15 illegal miners had been brought to surface at its Eland shaft.
The NUM on Wednesday called for Harmony to take full responsibility for the death of illegal miners at its operations in the Free State.
Reports this week that more than 60 illegal miners died in an accident in an abandoned gold mine has underlined the human cost of SA’s recession.
Illegal miners digging for gold in disused and dangerous shafts started asking for body bags from Harmony Gold a few days ago.
At least 61 miners were killed when fire tore through an abandoned gold shaft in one of South Africa’s deadliest mine accidents.
The death toll from an underground fire that killed illegal miners at a disused gold mine rose to least 61 on Tuesday, Harmony Gold Mining said.
Harmony Gold’s net profit for the third quarter of its financial year declined by 26% in comparison to the previous quarter as production fell.
SA Harmony Gold Mining, the world’s fifth-biggest gold producer, said production fell in its third quarter, without giving a reason.
Harmony Gold Mining, SA’s third-largest gold producer, has agreed to sell its entire 12,48% interest in Australian gold company Dioro Exploration.
Harmony Gold lifted its second quarter earnings due to a weaker rand, and said on Friday its output would rise this year.
Harmony Gold Mining on Monday said it has raised R979-million before costs by placing shares, adding it would use the proceeds to cut its debt levels.
A worker has been killed in an accident at Harmony Gold’s Tshepong mine in the Free State, the company said on Wednesday.
A 43-year old mine worker was killed at Harmony Gold’s Bambanani mine in the Free State, the company said on Monday.
Harmony Gold is bullish on gold mining and has raised production to benefit from higher rand prices for gold, CEO Graham Briggs was quoted as saying.