Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — Bank of America Merrill Lynch Global Metals and Mining Conference 2011
23 slides from Harmony Gold Mining's conference presentation, May 11, 2011
Slide 1: Global Metals and Mining Conference 2011
Bank of America Merrill Lynch Global Metals and Mining Conference 2011 Graham Briggs, CEO 11 May 2011 An exciting investment proposition 1 www.harmony.co.za
Slide 2: Private Securities Litigation Reform Act Safe Harbour Statement
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 intended to be covered by the safe
Slide 3: Growth journey…
Growth journey… 1 Our strategy 2 Adding to our growth ounces 3 More PNG excitement 4 Conclusion 3 www.harmony.co.za
Slide 4: Our strategy
Our strategy 4 www.harmony.co.za
Slide 5: Delivering long-term value
Delivering long-term value Creating a sustainable company – generating earnings that fund dividends and growth…a company with free cash flow Growth assets Growth in quality Geographic diversity Generate free cash flow Grow the company Grow through partnerships Exploration Optimize asset portfolio, I
Slide 6: Broad-based expertise… a competitive advantage
Broad-based expertise… a competitive advantage find deposits develop projects commission mines 6 www.harmony.co.za
Slide 7: …more growth to come
Transforming the portfolio from marginal to world-class assets South Africa South Africa Associates/ International Underground Surface Equity holding • Tshepong • Kalgold • Morobe JV • Wits Gold (12.9%) • Phakisa • Phoenix - Hidden Valley • Doornkop • Rock dumps - Wafi Golpu copper/ gold Exploration
Slide 8: Better quality, lower costs (oz)
Better quality, lower costs (oz) ’000 oz US$/oz 120 1 200 100 1 000 80 800 60 600 40 400 20 200 0 0 Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar 08 08 08 08 09 09 09 09 10 10 10 10 11 Hidden Valley Doornkop Phakisa Kusasalethu US$/oz * * Cash operating costs 8 www.harmony.co.za
Slide 9: Adding to our growth assets…Wafi-Golpu
Adding to our growth assets …Wafi-Golpu 9 9 www.harmony.co.za
Slide 10: World-class Cu-Au resources in SE Asia
World-class Cu-Au resources in SE Asia 10 www.harmony.co.za
Slide 11: World-class resource
World-class resource Gold Tonnes Gold Copper Gold Copper Deposit equivalent* (Mt) g/t % Moz Kt Moz Golpu 501 0.54 0.95 8.8 4 767 30.9 Nambonga 40 0.79 0.22 1.0 86 1.4 Wafi 96 1.55 4.8 4.8 Wafi Link 7 6.62 1.4 1.4 Total 644 0.77 0.75 16 4 853 38.5 * Resource figures quoted as 100% 11 11 Gold equivale
Slide 12: Wafi-Golpu Resource
Wafi-Golpu Resource SCHEMATIC LONG SECTION (looking west) 2010 GOLPU • Golpu resource at 30 June 2010 RESOURCE(1) 2010 WAFI 501Mt @ 0.54g/t Au & – 16Moz Au RESOURCE(1) 0.95% Cu 103Mt @ 1.9g/t Au 8.8Moz Au& – 4.8Mt Cu NORTH 4.8Mt Cu 6.2Moz Au • Wafi/Golpu exploration target of SOUTH Miapilli WAFI Por
Slide 13: Wafi-Golpu Recent success
Wafi-Golpu Recent success Drillhole legend 13 www.harmony.co.za
Slide 14: Early access
Early access Nabonga Creek Watut River Flats Vent Shaft Buvu Creek Access & Vent Ridge Watut Portal Bulk Wafi Caves Sample Level Golpu Lift 1 Golpu Lift 2 Camp Portal 14 www.harmony.co.za
Slide 15: Benchmarking gold and copper grades
Benchmarking gold and copper grades Producing Assets Feasibility Stage Projects Earlier Stage Projects Cu - GradeProducing % assets Feasibility Cu - Grade %stage projects Earlier stage projects Cu - Grade % 1.2 1.0 Oyu Tolgoi Sarcheshmeh Grasberg 0.8 Cu Grade (%) Cerro Colorado Salobo Los Pelambres
Slide 16: Benchmarking tonnage and gold equivalent grades
Benchmarking tonnage and gold equivalent grades Producing Assets-Total Resource(Mt)Feasibility stageFeasibility Producing assets projects Stage Projects -Totalprojects Earlier stage Resource (Mt) 14 000 12 000 Pebble 10 000 Total Resources (Mt) 8 000 Cobre Panama Los Pelambres Grasberg 6 000 Reko Di
Slide 17: Wafi Transfer Zone: An emerging mineral district
Wafi Transfer Zone: An emerging mineral district • Potential for deposit cluster or alignment Zimake of porphyry copper gold and related high sulphidation gold deposits is excellent • First class anomalies (tenor and grade) e on Bavaga at Bavaga, Zenapu, Zimake and Mt Tonn rZ fe • 17km trend e ns ra
Slide 18: Golpu will be a mine
Golpu will be a mine High grade gold and copper resource Close proximity to good infrastructure Experienced team Stable regulatory environment Significant upside potential Multiple funding options under consideration 18 www.harmony.co.za
Slide 19: More excitement to come from PNG
More excitement to come from PNG 19 www.harmony.co.za
Slide 20: Harmony tenement portfolio
Harmony tenement portfolio AMANAB – (EL1708: 932km2 granted) Desktop review 7 months field program Renewal documents submitted to MRA 50% reduction – April 2011 MT HAGEN – (EL1596/1611, ELA1864/5/66/7: 995km2 renewals & applications) Continuous field work including mapping, surface sampling and dril
Slide 21: Conclusion
Conclusion 21 www.harmony.co.za
Slide 22: An exciting investment proposition
An exciting investment proposition • Safety our first priority • One of the best explorers worldwide – Wafi-Golpu ‘find of the century’ • Building low-cost, high grade mines • Experienced, focused management team • Unhedged, low debt • Majority of capital expenditure spent • Exciting long-term possi
Slide 23: An exciting investment proposition
Henrika Basterfield Investor Relations Officer Tel: +27 (0)11 411 2314 Mobile: +27 (0)82 759 1775 Email: henrika@harmony.co.za Marian van der Walt Executive: Corporate and Investor Relations Tel: +27 (0)11 411 2037 Mobile: +27 (0)82 888 1242 Email: marian@harmony.co.za An exciting investment proposi
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