Harmony Gold

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Harmony remains on track to meet higher end of full-year production guidance with costs comfortably below guidance
January 25, 2024

https://www.harmony.co.za/investors/news/...uidance-h1fy23-25jan2024/  

Results of Harmony’s extraordinary general meeting of shareholders
January 31, 2024

Shareholders of Harmony (“Shareholders”) are referred to the announcement released by the Company on 18 December 2023, announcing the publication of a circular to Shareholders regarding the proposed broad-based black economic empowerment transactions. Harmony advises Shareholders that, at the Company’s electronic Extraordinary General Meeting (“EGM”) held today, 31 January 2024, the requisite majority of Shareholders approved all the ordinary and special resolutions, as set out in the notice of EGM dated, 14 December 2023, forming part of the Company’s circular to Shareholders published on the Company’s website on 18 December 2023.

https://www.harmony.co.za/investors/news/...-meeting-of-shareholders/  

Notification of an acquisition of beneficial interest in securities
March 19, 2024

Johannesburg, Tuesday, 19 March 2024. In accordance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Act”), Regulation 121(2)(b) of the Companies Act Regulations, 2011 (“the Regulations”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that Harmony has received formal notification that Van Eck Associate Corporation has, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest in the ordinary shares in the Company held by Van Eck Associate Corporation now amounts to 12.07% of the total issued shares of the Company.

Harmony has, as required by section 122(3)(a) of the Act filed the required notice with the Takeover Regulation Panel.  

The board of directors of Harmony accept responsibility for the information contained in this announcement, having received the TRP121.1 form from Van Eck Associate Corporation, and to the best of their knowledge believe the information contained in this announcement is accordingly true.

Ends.

https://www.harmony.co.za/investors/news/...interest-in-securities-2/  

Strategically important Eva Copper Mine Project granted Prescribed Project status

March 25, 2024

Harmony Gold Mining Company Limited (Harmony or the Company) is pleased to acknowledge the Queensland Government’s declaration today of the Eva Copper Mine Project (the Project) as a ‘Prescribed Project’, in recognition of its social and economic significance to the state’s North West region.

The announcement, made by the Minister for State Development and Infrastructure, the Honourable Grace Grace MP, will support the coordination of approval processes required for the Project.

The Project is located on the traditional lands of the Kalkadoon People, 75 kilometres north of Cloncurry and 95 kilometres north-east of Mount Isa. It is expected to generate up to 800 jobs during construction and approximately 450 jobs during operations. The Company is currently updating a feasibility study to underpin the proposed development of the Project.

Harmony’s Chief Executive Officer, Peter Steenkamp, said the recognition of Eva’s distinct strategic importance and potential to contribute to the economic development of Queensland’s North West supports Harmony’s confidence in the Project.

“We appreciate the support of the Queensland Government and all stakeholders who supported our application for ‘Prescribed Project’ status,” Mr Steenkamp said.

Since acquiring the Project in December 2022, Harmony is conducting a feasibility update and has identified opportunities to enhance the asset and its contribution to stakeholders. This includes the introduction of renewable power and an optimised design that could potentially deliver greater production volumes.

ENDS

For more details, contact:

Jared Coetzer
Head: Investor Relations
+27 (0) 82 746 4120

Johannesburg, South Africa
19 March 2024

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited
Published March 25, 2024
Company announcements

https://www.harmony.co.za/investors/news/...rescribed-project-status/  

Harmony reaches five-year wage agreement
April 04, 2024

Johannesburg, 4 April 2024. Harmony Gold Mining Company Limited (“Harmony” and/or “the Company”) has concluded a landmark five-year wage agreement (“the Agreement”) in respect of increases to wages and other conditions of service with its five labour unions, being the Coalition (comprising the NUM, UASA and Solidarity), AMCU, and NUMSA. The agreement is for the period 1 July 2024 to 30 June 2029 and will take effect on 1 July 2024.

Harmony CEO Peter Steenkamp noted: “For the first time in our 73-year history, we have concluded a five-year wage agreement with all of our labour unions. This is testimony to the strength of our labour relations and ensures stability and continued certainty on our fixed labour costs for the next five years.

“This milestone agreement has been reached three months before the existing agreement’s expiry. It is fair and balanced, considering the impact that increases in the cost of living are likely to have on employees over the next five years. We are pleased that the wage negotiations were carried out in good faith and commend all parties for demonstrating good leadership by engaging constructively. Our people are our top priority, and I thank everyone involved in making this possible.”

Details of the agreement:

The agreement allows for the following increases to monthly wages:

   Category 4 – 8 employees will receive a wage increase of R1 200 in year 1; R1 250 in year 2; R1 300 in year 3; R1 450 in year 4; and R1 500 in year 5.
   B-lower employees will receive a wage increase of R1 200 or 6.2% (whichever is greater) in year 1; R1 250 or 6.2% or CPI (whichever is greater) in year 2; R1 300 or 6.2% or CPI (whichever is greater) in year 3; R1 450 or 6.35% or CPI (whichever is greater) in year 4; and R1 500 or 6.5% or CPI (whichever is greater) in year 5.
   Miners, Artisans and Officials will receive a wage increase of 6.2% in year 1; 6.2% or CPI (whichever is greater) in year 2; 6.2% or CPI (whichever is greater) in year 3; 6.35% or CPI (whichever is greater) in year 4; and 6.5% or CPI (whichever is greater) in year 5.

In addition to the basic wage increases, the parties agreed to the following:

   The current monthly housing allowance will increase as follows:
       Year 1: R3 360
       Year 2: R3 480
       Year 3: R3 660
       Year 4: R3 840
       Year 5: R4 020

   The current monthly living-out allowance will increase by as follows:
       Year 1: R100 to R2 800
       Year 2: R100 to R2 900
       Year 3: R150 to R3 050
       Year 4: R150 to R3 200
       Year 5: R150 to R3 350

Employees not making use of available company provided accommodation are eligible for either a housing allowance or a living-out allowance, but not both.

A number of non-wage related and process issues have been agreed to, including increasing the current guaranteed minimum severance and medical incapacity payments, medical aid co-contributory benefits, maternity and paternity leave.

This agreement will result in an increase of approximately 6% per annum over the five-year period which is within our planning parameters.

For more details contact:
Jared Coetzer
Head of Investor Relations
+27 82 746 4120
Jared.Coetzer@Harmony.co.za
Published April 4, 2024
Company announcements

https://www.harmony.co.za/investors/news/...five-year-wage-agreement/