Slide 1: Analyst breakfast presentation
Analyst breakfast presentation Graham Briggs 29 January y 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 o
Slide 2: Second Quarter events; Complement reduction
Second Quarter events – Complement reduction – Conops – Randfontein/Pamodzi uranium transaction – PNG partnership – Changes to reporting format – 2nd Quarter 2007 projections for operations – Definitions – Outlook for 3rd Quarter www.harmony.co.za 3 Complement reduction – Reduction of about 1 800 em
Slide 3: Conops; Randfontein/Pamodzi uranium deal
Conops – Full assessment of operations revealed mixed findings – Since the review, Conops was terminated at Masimong – Conops review of operation-by-operation continues – Discussions with unions on planned discontinuation of Conops on some operations stopping – Profitability review of shafts also co
Slide 4: PNG Partnership; Changes to reporting format
PNG Partnership – Shortlist of leading international mining companies selected – Discussions in progress with potential partners – Planned target is still to introduce partner by end of March 2008 – Objective is a 50/50 partnership with complementary and technical skills – A good fit with our excell
Slide 5: Definition; Total SA underground December quarter projections
Definition – Continued operations – SA Underground g – Tshepong, Phakisa, Doornkop, Elandsrand, Target, Masimong, Evander Ops, Bambanani, Joel, Virginia Ops – SA Surface – Kalgold, Phoenix – International – Hidden Valley, PNG – Discontinued Operations – Orkney (Armgold) – Australia (South Kal, Mt Ma
Slide 6: SA underground; Surface operations outlook
SA underground - Elandsrand acccounts for 1170 kg loss – Conops restructuring at Masimong impacted on production – Evander downscaled and decline project stopped – Ventilation constraint impacted on grade and volume at Evander 8 – St Helena closure impacted on volumes – Target improved volumes – Bam
Slide 7: December 2007 Outlook international operations; March 2008 Outlook
December 2007 Outlook international operations Australia – Underground operation made their last blast in Dec 2007 – Operations to mill last tonnages by end-January – Delivered a good quarter www.harmony.co.za 13 March 2008 Outlook Harmony operations – Overall effect of power on SA mines – About 4 –
Slide 8: Questions
QUESTIONS www.harmony.co.za www.harmony.co.za 15 8