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Company type | Public |
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JSE: HMY | |
Industry | Gold |
Headquarters | Melrose Arch, Johannesburg, South Africa |
Key people | Patrice Motsepe Chairman Peter Steenkamp CEO Beyers Nel COO |
Revenue | R42.65 billion (US$2.47 billion)[1] |
Number of employees | 47373[1] |
Website | www.harmony.co.za |
Harmony Gold is the largest gold mining company in South Africa. Harmony operates in South Africa and in Papua New Guinea. The company has nine underground mines, one open-pit mine and several surface operations in South Africa. In Papua New Guinea, it has Hidden Valley, an open-pit gold and silver mine and a 50% interest in the Morobe Mining Joint Venture, which includes the Wafi-Golpu project and extensive exploration tenements. Outside the joint venture, Harmony's own exploration portfolio focuses principally on highly prospective areas in Papua New Guinea.
In FY17, South African operations accounted for 91% of total gold production of 1.09Moz, with 9% coming from Papua New Guinea. At 30 June 2017, Harmony reported attributable gold equivalent mineral reserves of 36.7Moz of gold, and attributable gold mineral resources of 104.3Moz. At the end of FY17, Harmony employed 33 201 people in total – 26 478 employees and 4 512 contractors in South Africa and 1 300 employees and 911 contractors in Papua New Guinea (excluding employees of the Morobe Mining Joint Ventures). Employees are drawn from communities around the company operations, from other provinces in South Africa and Papua New Guinea and from other countries (Lesotho, Mozambique, Zimbabwe and Australia).[2]