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Record gold prices have flowed directly to the bottom line of Harmony Gold. Much of this was driven by Mponeng, the world’s deepest mine.

Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on Wednesday. The quarter-on-quarter production increase was ascribed mainly to improved underground recovered grades mined during the second quarter of Harmony’s financial year 2023, which were higher than the 5.45 g/t to 5.60 g/t guided earlier this year. Underground recovered grade guidance fo...

The three-phase renewable energy rollout of Harmony Gold is not only driving decarbonisation but the reduction in electricity costs has the potential also to extend the mine life through a triple-win outcome. On the productivity front, strides are being made under the S300 business improvement platform, which involves each of the company’s conventional underground crews safely producing 300 square meters or material per crew per month. (Also watch attached Creamer Media video.)

The South African operations of Harmony Gold did very, very well in the six months to the end of December last year load curtailment notwithstanding, Harmony Gold CEO Peter Steenkamp said during a media call on Wednesday. “There are many mines that performed above expectation,” Steenkamp said in response to Mining Weekly. (Also watch attached Creamer Media video.)

North West Premier, Bushy Maape, confirmed that a total of R7 billion has been secured into the province following his engagements with representatives of Harmony Gold Mine. He said the engagements...