Harmony Gold Mining Co. Ltd. · JSE:HAR
Harmony Gold Mining — ML Global Metals and Mining Conference, Barcelona (May 2009)
12 slides from Harmony Gold Mining's conference presentation, May 2009
Slide 1: Harmony Gold Mining Company Limited – Safe Harbour Statement
Harmony Gold Mining Company Limited Graham Briggs, CEO ML Global Metals and Mining Conference, Barcelona Ticker code: JSE (HAR) and LSE (HRM) Private securities litigation reform act safe harbour statement This presentation contains "forward-looking statements" within the meaning of Section 27A of t
Slide 2: Overview of Harmony
Overview of Harmony 3 A leading gold mining company – Founded in 1950 – Among the world’s top 10 gold-producing companies – Primary listing: JSE (share code: HAR) – Other listings: LSE (HRM), NYSE & Nasdaq (HMY), Euronext Paris (HG), Brussels (HMY) and OTC Berlin (HAM1) – 50.5Moz of reserves (June 2
Slide 3: Worldwide operations; Safety
Worldwide operations 5 Safety 6 3
Slide 4: Harmony's turnaround story
Pro-active – Management leads by example – Improved communication – Strong visible awareness – Reward and recognise safety achievements – Involvement of all stakeholders – Brand safety for the company 7 Harmony’s turnaround story 8 4
Slide 5: Strategy; Well-positioned
Strategy Refocusing Organic/Acquisition Strategy Organic Growth Strategy Revitalising Back-to-Basics Re-organising Renewing Stabilisation Recovery Growth Phase Phase Phase Aug 07 Dec 07 Jun 09 Jun 2012+ 5 months 18 months 36 months + 9 Well-positioned – Safety-conscious – Management focused – Free c
Slide 6: Net cash positive; Improved margin
Net cash positive Total borrowings (R bn) 4 Total cash (R bn) 5 4 3 3 2 4.6 3.7 2 3.5 2.8 2.9 2.8 1 1 2.1 1.6 1.2 0.5 0 0 Jun 2008 Sep 2008 Dec 2008 Mch 2009 Apr 2009 Jun 2008 Sep 2008 Dec 2008 Mch 2009 Apr 2009 2 Net cash (R bn) 1 1.6 0 0 -1 -1.3 -2 -2.3 -3 -4 -4.1 -5 Jun 2008 Sep 2008 Dec 2008 Mch
Slide 7: Asset base; Ongoing focus
Asset base – Knowledge of the ore body – Clear development strategies formulated – Development rates achieved – Phakisa, Doornkop and Elandsrand reach full production – Target achieves set objectives – Higher values from Tshepong Decline and Bambanani shaft pillar – Higher grades from Evander 8 Decl
Slide 8: Project pipeline
Project pipeline 15 Exploration – St Helena tailings project – Evander South – Papua New Guinea exploration portfolio 16 8
Slide 9: Hidden Valley; Exploration MMJV: Hidden Valley Area
Hidden Valley – Newcrest to achieve 50% equity by end FY09 – Mill commissioning on schedule for mid-2009 – Desktop D kt study t d indicates i di t mill, ill mine i expansion i possibility ibilit 17 Exploration MMJV: Hidden Valley Area – 1.2km from Hidden Valley mill – First hole of seven-hole Hamata
Slide 10: Exploration MMJV: Wafi-Golpu; In conclusion
Exploration MMJV: Wafi-Golpu – 4km from Wafi-Golpu resource Zenapu Hekeng – Gold-copper Gold copper anomaly – Geological high potential Nambonga North Resource intercept • KDH001 (Kesiago) • 388m @ 0.24 g/t Au Wafi Resource(1) Golpu • 0.1% Cu 103Mt @ 1.88g/t Au Resource(1) 6.2Moz Au 163Mt @ 0.57g/t
Slide 11: Gold outlook; Harmony outlook
Gold outlook – Strong R/kg and $/oz price – Organic growth opportunities – Planning at R225 000/kg ($750/oz) – World gold production decreasing – ETFs continue to increase their gold stockpiles – China increasing gold stock 21 Harmony outlook – Achieving our targets • safety • production • costs • s
Slide 12: Questions
Questions www.harmony.co.za 23 12
Harmony Gold Mining Company — ML Global Metals and Mining Conference, Barcelona (May 2009) on 6ix