LATEST NEWS FOR Harmony Gold Mining Company Ltd.  

Harmony Gold Mining Company Ltd. ('Harmony') is a gold-mining and exploration company with operations in South Africa and Papua New Guinea (PNG), one of the world's premier new gold regions.... [more info]

Rand volatility, manufacturing constraints and the top-valued local brands

9 Jul 2020 /  Simon Brown  
Alex Duys of Umthombo Wealth on gold running on rand volatility and Steinhoff selling Conforama France. Absa Retail and Business Bank's Justin Schmidt on how to unlock the constraints in manufacturing - one of which is buying local. Dr Petrus de Kock, GM for Research at Brand South Africa on the most valuable local brands and the disconnect between brand experience and the business process.

Harmony to start share sale to fund AngloGold deal

25 Jun 2020 /  Promit Mukherjee, Reuters  
Deal will make Harmony South Africa's biggest gold producer.

Rand drops as virus fears hit riskier assets

15 Jun 2020 /  Mfuneko Toyana and Nqobile Dludla, Reuters   2
Sibanye-Stillwater ended 6.49% weaker, while Harmony Gold fell 4.62%.

JPMorgan sees virus fallout reviving South African equity sales

12 Jun 2020 /  Roxanne Henderson and Loni Prinsloo, Bloomberg   
The coronavirus may breathe some life into SA share sales.

Harmony expects to be at full production by around mid-July

11 Jun 2020 /  Tanisha Heiberg, Reuters  
Mines in South Africa were forced to shut temporarily when a nationwide lockdown to contain the virus began in late March.

SA’s mining production to fall 8-10% this year – Minerals Council

26 May 2020 /  Helen Reid and Zandi Shabalala, Reuters   1
On the back of the pandemic-related lockdown.

South Africa miners want to ramp up capacity as profits prove elusive

21 May 2020 /  Tanisha Heiberg, Reuters   1
Companies lobby government to allow more production.

Harmony Gold confirms two Covid-19 cases at Kalgold

20 May 2020 /  Tanisha Heiberg, Reuters   1
Kalgold’s production represents 3% of the company's total production.

Platinum giant say lockdown in SA risks killing mines

14 May 2020 /  Felix Njini, Bloomberg   3
The country's labour-intensive mines need to be at a minimum of 75% to 80% of capacity to be viable, says Sibanye head.

Rand Refinery restarts smelter, ramps up refining as SA’s lockdown eases

UPDATE
7 May 2020 /  Helen Reid, Reuters   4
Rand Refinery joins the ranks of gold refineries in Switzerland firing up almost all operations again after the country relaxed its lockdown measures.

Rand falls amid weak economic data

6 May 2020 /  Olivia Kumwenda-Mtambo and Nqobile Dludla, Reuters  
The Top 40 index rose 1.64% while the broader all-share closed 1.32% firmer.

Africa’s top gold refiner restarts smelter after Covid-19

6 May 2020 /  Felix Njini, Bloomberg  
'We have established a good routine and have been able to ensure that product from our mining clients is shipped to us and that refined product makes its way to bullion banks and end user customers,' the CEO said.

World’s deepest gold mines on a ‘cliff’ as virus curbs output

UPDATE
29 Apr 2020 /  Felix Njini, Bloomberg    3
Covid-19 could be the final nail in the coffin for the ailing industry.

Union tells mineworkers to resist Harmony Gold mine restart

28 Apr 2020 /  Helen Reid, Reuters   4
Harmony Gold said it rolled out a COVID-19 prevention strategy across its operations before South Africa's lockdown was announced, and had a plan to ensure a safe restart.

Rand firms as focus turns to fiscal measures, stocks dip

20 Apr 2020 /  Olivia Kumwenda-Mtambo, Reuters   4
In fixed income, the yield on the 2030 instrument was down 0.5 basis points at 10.300%.

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