Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — PNG Mining & Petroleum Investment Conference - Sydney 2014
16 slides from Harmony Gold Mining's conference presentation, Dec 2, 2014
Slide 1: Golpu Project Update
Golpu Project Update Bryan Bailie Executive Project Director PNG Mining & Petroleum Investment Conference - Sydney 2nd December 2014
Slide 2: Disclaimer: Forward Looking Statements
Disclaimer: Newcrest Mining Limited Forward Looking Statements This presentation include forward looking statements. Often, but not always, forward looking statements can generally be identified by the use of forward looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “antic
Slide 3: 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 4: The Wafi-Golpu Project - Facts
The Wafi-Golpu Project - Facts • 50/50 Joint Venture between Newcrest Mining Ltd and Harmony Gold Mining Company Ltd • A significant quality resource – 28.5 million ounces of gold – 9.5 million tonnes of copper • Updated Pre-Feasibility Study nearing completion • Results of the PFS due to be release
Slide 5: Mineral Resource
Mineral Resource Plan Section Looking West For full Resource and Reserve declarations please refer to either www.harmony.co.za or www.newcrest.com.au 5
Slide 6: Golpu – Is a Spectacular Resource
Golpu – Is a Spectacular Resource Tonnes Gold Copper Gold Equivalent mt moz kt moz 1,073 20.2 9,450 72.0 Gold Equivalent is based on a gold price of US$1250/oz and a copper price of US$3.10/lb
Slide 7: Targeted Outcomes from the Updated PFS
Targeted Outcomes from the Updated PFS OUR CONSIDERATION NEW TARGETED OUTCOMES Investors seeking a return on investment Modular expandable solution Require a project with lower capital and Lower total capital cost near term cash flow Potential to target higher value ore blocks Scalable start-up mine
Slide 8: Optimisation – Activities 2013 & 2014
Optimisation – Activities 2013 & 2014 Jan 2013 Expenditure Profile, circa US$100m since 2012 New Objectives • Defined a LEAN Business Engineering approach Established • Lower production profile • Modular and phased expansion approach Improve Orebody Knowledge • Common path infrastructure • Scope red
Slide 9: Optimisation - Data Improvement and Risk Mitigation
Optimisation - Data Improvement and Risk Mitigation • Updated geological model • Metallurgical testwork undertaken • Completed 82,000 m infill and • Copper & gold recoveries confirmatory definition drilling • Concentrate grade • Resource data QAQC assessments, • Completed flowsheet development cores
Slide 10: Mass Mining Methods
Mass Mining Methods Cave mining refers to all mining operations in which the ore body caves naturally after undercutting the base. The caved material is recovered using draw points Block caving is a bottom up mining method Has a high establishment cost but a low operating cost Undercut Draw Bell Ext
Slide 11: Direct Impacts and Benefits to PNG if project proceeds
Direct Impacts and Benefits to PNG if project proceeds • Local procurement and contracting in of goods and services • Capital investment • Ongoing operational expenditure • Employment and skills – training & development • Economic Contribution – Taxation, company tax, PAYE – Royalties – Mining levy
Slide 12: Engaging Stakeholders & Communities
Engaging Stakeholders & Communities • Regular liaison with communities and associations • Government briefings – Local, Provincial and National • Project site visits by community leaders and government officials • Joint WGJV/Government community patrols • Regular employee briefings • Grievance mecha
Slide 13: Environment and Cultural Heritage
Environment and Cultural Heritage • Conditional Environment Permit application for possible Advanced Exploration and Feasibility Support Activities submitted • Comprehensive suite of baseline environmental information available from long-term monitoring programs • Ongoing environmental monitoring •
Slide 14: Challenges of Potential Project
Challenges of Potential Project • Technical – Deep ore body – High temperatures - ventilation – High water inflows - pumping – Power intensive • Infrastructure dependencies – Sustainable bulk power generation and transmission – All weather roads and river crossings – Marine port and materials handli
Slide 15: Path Forward
Path Forward • Optimised pre-feasibility study on track for submission to JV partners' boards by mid- December • Further information will be released as and when board approval of PFS has been obtained and decision whether to proceed with feasibility study made. 15
Slide 16: Em Tasol
Em Tasol
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