Harmony Gold Mining News

S.Africa’s Harmony Gold eyes acquisitions after FY earnings rise

South African miner Harmony Gold reported a 35 percent rise in full-year profit on Thursday and said it will look at growth, exploration and acquisitions to meet its 2019 production targets.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Strike ends at Harmony Gold’s Kusasalethu mine

Company to launch probe into the causes of the illegal sit-in of nearly 48 hours.

Harmony logs record quarterly revenue, halves debt

The world's fifth largest gold miner increased production, had stronger cash flows and paid shareholders a dividend in the first quarter of its 2017 financial year.

Harmony Gold bullish on cash flows as it reports increased output in Q3

After losing money for three years to 2015, Harmony is now focused on finding mines able to offset falling production at its South African operations.

South African gold miners can appeal silicosis ruling

They will appeal verdict that paved the way for about half a million current and former miners to proceed with a multi-million-dollar suit, which seeks compensation for those who contracted lung diseases.

Harmony buys out Newcrest stake in Hidden Valley gold mine

Harmony Gold has been looking for new assets to meet its goal of increasing production to 1.5 million ounces over the next three years.

Harmony eyes lift in total gold output to 1.5moz pa and to add wider African gold acquisitions

The world’s fifth largest gold producer has told a Perth mining forum today that it plans to lift its total output to 1.5 million ounces a year within three years as it combines its increasing output from African and PNG mines.

South African gold firms file plea to appeal lung disease class action

The class action the firms want to appeal paves the way for thousands of current and former miners suffering from silicosis and tuberculosis to seek damage compensation from the companies.

South African gold miners to appeal ruling in silicosis case

If the class action goes ahead, it will affect almost every gold mine in South Africa, including their parent companies, covering their conduct over the last 50 years.

South African gold miners to appeal silicosis ruling

They will dispute the country's High Court decision last month to allow a class action suit seeking damages for up to half a million miners who contracted silicosis and tuberculosis.

South Africa allows biggest ever class action against gold giants to go ahead

High Court decision opens the way for up to 500,000 current and former miners to pursue a multi-million-dollar lawsuit against mining companies over respiratory diseases contracted at work.

Half of South Africa’s gold mines operating at loss — report

Experts believe the troubles affecting gold producers in South Africa go way deeper than a slump in prices for the metal or the usual cycles the mining industry experiences.

South Africa’s main gold union snubs final pay offer

Talks are set to resume on Wednesday, Aug. 12.

Wage negotiations in S. Africa’s gold sector to end next week

South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.

Graham Briggs to retire as the CEO of Harmony Gold

A geologist by training, the 62 year old executive has been with the company for 20 years.

South Africa’s main union rejects gold firms wage offer

Companies are keen to avoid a repeat of last year’s five-month platinum strike, but their ability to raise salaries is limited.

South Africa’s gold workers 'unimpressed' with 13% pay rise offer

Gold producers offered above-inflation wages, which make up 55% of their mining costs in the country.

South African gold sector to table wage offer next week

The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.

Harmony Gold to cut over 3,000 jobs, union asks Gov’t to intervene

The company had warned it planned to restructure several of its mines, producing almost 25% of its gold, when it posted a third consecutive quarterly loss early May.

Harmony halts operations at Unisel mine after fatal incident

The employee was fatally injured in an accident while performing maintenance work on Saturday.

All workers rescued at Harmony's mine, but profit to take a hit

The mine, Harmony's single largest gold producer, will likely remain closed for an indefinite period while a probe is held.

About 100 miners trapped underground, 400 rescued at Harmony Gold’s mine

Specially trained rescue teams continue their efforts to save the remaining employees, said the company.

Newcrest, Harmony set to build one of the world's lowest-cost gold mines

The revised plan for their jointly-owned Wafi-Golpu in PNG will require an initial capital spending cost of $2.3 billion.

Harmony Gold cutting jobs at S. African mine to turn around operation

The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.