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Harmony Gold Stops Production At South African Mines

  • Allan Gray | SA mining and the sunk cost fallacy

    Allan Gray | SA mining and the sunk cost fallacy

    Harmony Gold Mining Company bought the Kusasalethu gold mine on the West Rand from AngloGold in the year 2000. It has long held to an ambitious plan to turn around the mine, but over the last decade the mine has gobbled up over R1.5 billion (see Graph 1). This can hardly be blamed on the gold price, which moved from just over R100 000 to R450 ...

  • S.Africa's Harmony expects to be at full production by ...

    S.Africa's Harmony expects to be at full production by ...

    Jun 11, 2020 Harmony Gold said on Thursday it expected to be back to full production by around the middle of July, after South Africa eased its coronavirus lockdown regulations from June allowing all mines …

  • Strike ends at Harmony Gold’s Kusasalethu mine

    Strike ends at Harmony Gold’s Kusasalethu mine

    Jan 13, 2017 Harmony has decided to stop mining at Kusasalethu in five years, which effectively shortens the life of the mine by 20 years. The company, South Africa’s third-largest gold …

  • South Africa Orders Mines to Close in 21

    South Africa Orders Mines to Close in 21

    Mar 24, 2020 Producers from Harmony Gold Mining Co., the nation’s biggest producer of the precious metal, to top platinum miner Sibanye Stillwater Ltd. said they’re bracing for earnings hits as mines move to care and maintenance, an industry term for when production stops but essential services like underground water pumping continue.

  • AngloGold Sells World’s Deepest Gold Mine to South African ...

    AngloGold Sells World’s Deepest Gold Mine to South African ...

    Feb 13, 2020 Global mining giant and South African mining mainstay, AngloGold Ashanti says it is selling its remaining assets in South Africa for an unassuming $300million to Harmony Gold…

  • Mine Disaster Is Latest Discord For Harmony Gold

    Mine Disaster Is Latest Discord For Harmony Gold

    Oct 04, 2007 In 2006 Harmony produced 67 tons of gold with 5.3 tons being produced at Elandsrand. But South Africa’s gold production has fallen in the last few decades as mines have become overmined and ...

  • South Africa Still Uncertain as Mines Prepare to Reopen | INN

    South Africa Still Uncertain as Mines Prepare to Reopen | INN

    The sale would position Harmony as “South Africa’s primary gold producer,” according to the company. The deal, which would include a cash payment of US$200 million, is subject to regulatory ...

  • South Africa Still Uncertain as Mines Prepare to Reopen | INN

    South Africa Still Uncertain as Mines Prepare to Reopen | INN

    The sale would position Harmony as “South Africa’s primary gold producer,” according to the company. The deal, which would include a cash payment of US$200 million, is subject to regulatory ...

  • Harmony Gold to meet revised production guidance in year ...

    Harmony Gold to meet revised production guidance in year ...

    Jul 07, 2021 Harmony had also received permits for the extension of Hidden Valley. Harmony’s third quarter gold output was down 12.2% compared to the second quarter owing to “uncharacteristically” slow production build-up. This was a result of the second wave in Covid-19 infections in South Africa which delayed the return of foreign employees.

  • SA mines shut operations because of Eskom

    SA mines shut operations because of Eskom

    Dec 09, 2019 “We don’t know how long we will be at this power level and how long we won’t have production,” he said. Harmony, one of the largest South African gold miners, kept …

  • Harmony expects Q1 output to rise 10%

    Harmony expects Q1 output to rise 10%

    Oct 08, 2015 Gold production from its domestic South African mines rose 16%, resulting in first-quarter production rising between 8% and 10%compared with the fourth quarter, the company said in a …

  • South Africa needs to nurture gold mining’s future – Harmony

    South Africa needs to nurture gold mining’s future – Harmony

    May 10, 2011 Gold mining in South Africa has a good future, but it needs to be nurtured if the country is to reverse its slide down the global gold-production ladder, says Harmony Gold …

  • How South African mines cope with power cuts

    How South African mines cope with power cuts

    Feb 18, 2019 How South African mines cope with power cuts. The South Deep mine, Gold Fields’ only asset in South Africa. ( Image courtesy of Gold Fields) JOHANNESBURG/LONDON, Feb 18 (Reuters) – South ...

  • Ghana Surpasses South Africa and Becomes the Most ...

    Ghana Surpasses South Africa and Becomes the Most ...

    Jan 22, 2021 The former glory of the South African gold mine ... In 1970, South Africa’s gold production even accounted for 75% of the world’s total reserves. ... the former CEO of Harmony Gold Mining …

  • south african mining companies listed on the jse

    south african mining companies listed on the jse

    Mining and minerals in South Africa. Aug 16, 2012 South Africa is a world leader in mining. The country is famous for its abundance of mineral resources, accounting for a significant proportion of world production and reserves, and South African mining companies are key players in the global industry.

  • Harmony Gold Mining bioenergy project on tailings ...

    Harmony Gold Mining bioenergy project on tailings ...

    Aug 01, 2014 VIASPACE partner Selectra and Harmony Gold Mining Co recently formally announced Harmony’s implementation of the first bioenergy project on mining property in South Africa. The goal of the project is to grow energy crops—sugar beets and Giant King Grass–on contaminated mine affected lands in order to restore and rehabilitate the land.

  • Harmony: Fatality stops mine production

    Harmony: Fatality stops mine production

    Apr 08, 2015 Harmony Gold Mine has launched an investigation into an accident that left one of its workers dead while performing maintenance work at its Unisel mine in …

  • South Africa’s Harmony Gold announces safety drive ...

    South Africa’s Harmony Gold announces safety drive ...

    Oct 30, 2020 South African bullion producer Harmony Gold said on Tuesday it had swung back to a quarterly profit despite a fall in production as it benefited from a smaller foreign-exchange loss on a U.S. denominated loan. The company said it had begun a safety improvement drive to avoid a repeat of a February accident at its […]

  • South32 says community unrest, illegal mining damaging …

    South32 says community unrest, illegal mining damaging …

    Oct 03, 2019 COMMUNITY unrest and illegal mining were singled out as two issues “which had to stop” if South Africa’s mining sector was to regain its competitive edge. That’s the view of South32, COO, Mike Fraser. Addressing the Joburg Indaba being held in Johannesburg on Wednesday, Fraser said mining communities were becoming increasingly dependent on the local […]

  • South Africa’s Harmony Gold announces safety drive ...

    South Africa’s Harmony Gold announces safety drive ...

    Oct 30, 2020 South African bullion producer Harmony Gold said on Tuesday it had swung back to a quarterly profit despite a fall in production as it benefited from a smaller foreign-exchange loss on a U.S. denominated loan. The company said it had begun a safety improvement drive to avoid a repeat of a February accident at its […]

  • Harmony Gold sees margin doubling as gold ...

    Harmony Gold sees margin doubling as gold ...

    Aug 12, 2020 Harmony’s gold production, at 37,863 kg, was 15% lower in the financial year to June 30 than in the previous 12 months, mainly due to South Africa’s lockdown, the company said. Lower production will drive up all-in sustaining costs across its operations by between 17% and 19% in Rand terms, Harmony said.

  • v116n3a10 Trends in productivity in the South African …

    v116n3a10 Trends in productivity in the South African …

    mentioned that the average grade of South African gold mines has declined from approximately 12 g/t in the 1970s to approximately 5 g/t currently. Figure 4 shows the average recovered gold grade for South African mines from 2004 to 2013. The steady decline in gold grades is evident in Figure 4. The graph shows a decrease from 5.15 g/t in 2005 ...