Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — Corporate Update (June 2009)
20 slides from Harmony Gold Mining's corporate update, Jun 5, 2009
Slide 1: Doornkop South Reef Project
Doornkop South Reef Project BJM investor visit 5th June 2009 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
Slide 2: History and mine at start of project - January 2003
History and mine at start of project - January 2003 Surface • Exploration started in 1930’s by JCI Main shaft Vent shaft • 18 boreholes drilled 61 lvl • Doornkop sink stated in 1983 by JCI • Harmony buys out Randfontein in 2000 Kimberly reef • Harmony restarts the project in 2003 96 lvl Main pumps S
Slide 3: Project work areas and milestones 2003-2004
Project work areas Surface Slipe line & equip Main shaft Vent shaft Stations & infrastructure 61 lvl Primary & secondary development Kimberly reef 96 lvl Main pumps Sub Shaft Bank 106 lvl Ore passes 126 lvl 132 lvl Existing shaft Sub shaft bottom (-1340m) South Reef (-1764m) 192 lvl Travelling way 1
Slide 4: Project milestones 2004-2005
Upgraded services on the sub shaft 106 sinking bank converted to station to facilitate men and material movement Project milestones 2004 - 2005 Surface Initiate development programme Raise bore shaft from 132 to 192 level Main shaft Vent shaft I iti t d Initiate duall sink i k programme ffrom 197 61
Slide 5: Start of dual sink
Start of dual sink 197 level Sinking bank on 197 level 5
Slide 6: Project milestones 2005-2006
Project milestones 2005 - 2006 Surface Development continues Installed & commissioned service winder Main shaft Vent shaft Slipe line Sli li & equip i shaft h ft ffrom 132 tto 192 level l l 61 lvl Complete dual sink from 197 to 212 Sink silos Kimberly reef 96 lvl Main pumps Sub Shaft Bank 106 lvl Or
Slide 7: Project milestones 2006-March 2007
Dual sink nearing 212 level Project milestones 2006 - March 2007 Surface Development continues Shaft lined & equipped to 192 level Main shaft Vent shaft R Removal l off plug l 192 tto 197 61 lvl Shaft bottom solid sink initiated Pumping and loading excavations initiated Kimberly reef 96 lvl Main pum
Slide 8: Plug removal above 197 level
Skill Shortage Plug removal above 197 level Solid bottom sink underway from 212 level 8
Slide 9: Project milestones March 2007-2008
Project milestones March 2007 - 2008 Surface development continues ore extraction on 192 initiated Main shaft Vent shaft Equipped Man & DP compartment to 212 level Shaft lined & equipped to 212 level 61 lvl Transport through main # to 192 & 197 Shaft sinking programme completed Kimberly reef 96 lvl
Slide 10: Rock handling facility and system
Rock handling facility on 207 level Rock handling system Rock Flow Hoppers Tip Ore pass Silo Reef & Waste conveyors To Surface Waste Reef silo silo Belt feeders Reef & Waste conveyors Chute system Weighing flask Discharge chutes Skip 10
Slide 11: Project milestones October 2008-April 2009
Project milestones October 2008 - April 2009 Surface Development continues Vent shaft Main shaft Rock winder & loading on 132 level completed 61 lvl Construction of pumping plant underway Kimberly reef 96 lvl Main pumps Sub Shaft Bank 106 lvl Ore passes 126 lvl 132 lvl Existing shaft Sub shaft botto
Slide 12: Main pump chamber and water system
Doornkop Main pump chamber 207 level Water system Water Reticulation Water to Feed mining areas control 192 L Levell dam Water to Feed mining areas control Drain hole Water to Feed mining areas control Launder to settlers 2xS Settlers ttl 207 Level dams 207 Level pumping 6 x Circulating pumps 2 x De
Slide 13: Current capacities and schedule of outstanding work
Current capacities Rock handling: • DP winder from 212 level 70 Kt/m • Rock winder from 132 level 100 Kt/m People and material: • 192 and 197 stations fully equipped and serviced by man winder Water handling: • 45 Kt/ Kt/m Schedule of outstanding work Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Slide 14: Capacities in February 2010
Capacities in February 2010 Rock handling: • DP winder from 132 & 212 level 40 Kt/m • Rock winder from 132 & 212 level 145 Kt/m People and material: • All stations fully equipped and serviced by man and DP winders Water handling: • 200 Kt/m or 400 lt/s continuous. • 600 lt/s peak Working levels Sout
Slide 15: Infrastructure
Infrastructure As a medium depth shaft the infrastructure is: • Uncomplicated • Modern with reliable applicable technology • Energy efficient • Has sufficient buffer capacity for flexibility • Will have a low operating cost Dev - 192 Erebus Fault Black Duck Dyke Drilling Platforms South Roodepoort F
Slide 16: Development on levels 197 and 202
Dev - 197 Black Duck Dyke Roodepoort Fault Erebus Fault Block oc included c uded ass capital c p Block included as capital South Roodepoort Fault Dev - 202 Block included as capital Roodepoort Fault Black Duck Dyke South Roodepoort Fault Doornkop Fault Oct 2008 16
Slide 17: Tons and m² history and build up
0 1000 2000 3000 4000 5000 6000 7000 8000 0 10000 15000 20000 25000 30000 5000 Jul‐07 Jul‐07 Sep‐07 Sep‐07 Nov‐07 Nov‐07 Jan‐08 Jan‐08 Mar‐08 Mar‐08 May‐08 May‐08 Jul‐08 Jul‐08 Sep‐08 Sep‐08 Nov‐08 Nov‐08 Jan‐09 Jan‐09 Actual m² Actual Tons Mar‐09 Mar‐09 May‐09 May‐09 15479 3391 Jul‐09 M² Build up A
Slide 18: Mine call factor and recovered grade
0.00 1.00 2.00 3.00 4.00 5.00 6.00 6 00 50% 0% 100% 150% 200% 250% 300% 350% Jul‐07 Oct‐07 Sep‐07 Dec‐07 Nov‐07 Feb‐08 Jan‐08 Apr‐08 Mar‐08 Jun‐08 May‐08 Aug‐08 Jul‐08 Oct‐08 Sep‐08 Dec‐08 Nov‐08 Feb‐09 Jan‐09 MCF Actual Apr‐09 Mar‐09 4.60 Jun‐09 Recovered Grade Actual May‐09 MCF (LOM ‐ 75%) 129% Ju
Slide 19: Kilograms produced and cost per kg
Kilograms produced KG Produced 120 100 72 80 60 40 20 0 Sep‐07 Sep‐08 Sep‐09 Jul‐07 Mar‐08 Jul‐08 Mar‐09 Jul‐09 Mar‐10 Nov‐07 Jan‐08 Nov‐08 Jan‐09 Nov‐09 Jan‐10 May‐08 May‐09 May‐10 KG Actual R/kg costs R/KG Cost (LOM ‐ R135 907/Kg ) 800,000 800 000 700,000 600,000 500,000 400,000 214,052 300,000 20
Slide 20: Doornkop South Reef Capital Expenditure
Capex Doornkop South Reef - Capital Expenditure 350 300 250 R millio n 200 150 100 50 - 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Strategic Plan 209 122 99 66 Forecast 60 Actual Sunk end March 2009 13 98 114 147 256 328 226 Questions www.harmony.co.za 40 20