Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — Investor Presentation (October 2008)
9 slides from Harmony Gold Mining's investor presentation, Oct 17, 2008
Slide 1: Private Securities Litigation Reform Act Safe Harbour Statement
Graham Briggs 17 October 2008 Private Securities Litigation Reform Act Safe Harbour Statement This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and 21E of the Securities Exchange Act of 1934, as amended, that are inte
Slide 2: Our vision
Our vision Creating a sustainable company, which generates earnings that fund dividends and growth 3 Strategy Refocusing g Organic-Acquisition Strategy Organic Growth Strategy Revitalising Back-to-Basics Reorganising Renewing Stabilisation Recovery Growth Phase Phase Phase Aug 07 Dec 07 Jun 09 Jun 2
Slide 3: Update on transactions
Update on transactions Mt Magnet – On care-and-maintenance – Exploration taking place – Sales process resumed Randfontein assets (Rand Uranium) – Deal signed, anticipated that final conditions precedent will be met in next week Proceeds? oceeds – Repayment of debt 5 More growth – Focus on growing pr
Slide 4: Safety
Safety – 7 fatalities – Remedial actions taken – Group-wide improvements – LTI improved – Good co-operation from unions and DME – Urgency to improve safety well communicated – Leadershipp committed to mine safer 7 Elandsrand – 3 fatalities – Poor performance – “Intensive care” – Chief Operating Offi
Slide 5: Elandsrand and Target: productivity
Elandsrand: productivity Elandsrand - In Service Tons & Grams per Employee 25 140 120 20 100 15 80 Tons Grams 60 10 40 5 20 0 0 Feb Mar Apr May Jun Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul 08 08 08 08 08 08 08 08 08 08 08 09 09 09 09 09 09 Tons - Bud 18 18 17 18 18 18 19 20 Tons - Act 14 15 1
Slide 6: Productivity: Masimong and Bambanani
Productivity: Masimong Masimong- Service Tons & Grams per Employee 30 160 140 25 120 20 100 15 80 Tons Grams 60 10 40 5 20 0 0 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 08 08 08 08 08 08 08 08 08 08 08 09 09 09 09 09 09 Tons - Bud 28 25 26 25 24 24 25 25 Tons - Act 18 20 21
Slide 7: September 2008 projections: SA underground
September 2008 projections SA underground – Production - Tonnes milled increased quarter-on-quarter - Recovered grade improved quarter-on-quarter - Increase in production – Cash costs - Unit costs higher (R/kg) - Labour and store costs increased - Increase in electricity costs, due to: • Winter tari
Slide 8: September 2008 projections and December 2008 outlook
September 2008 projections Surface operations – Hidden Valley: 1st production mid-2009 – Kalgold: Tons milled improved, grade higher – Project Phoenix: Volume decreased due to water-jetting contractor’s strike – Other surface: In line with rock dump grades (previous quarter better due to plant clean
Slide 9: Questions
Questions www.harmony.co.za 17 9
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