Blueprint
UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR
15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF
1934
For December 11,
2018
Harmony Gold Mining Company
Limited
Randfontein
Office Park
Corner Main Reef
Road and Ward Avenue
Randfontein,
1759
South
Africa
(Address of principal executive
offices)
*-
(Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20- F or Form 40-F.)
(Indicate by
check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.)
Wafi-Golpu Memorandum of Understanding signed
Tuesday, 11 December 2018. Harmony Gold Mining Company Limited
(Harmony) and its Wafi-Golpu Joint Venture (WGJV) partner Newcrest
Mining Limited (Newcrest) have today signed a Memorandum of
Understanding (MOU) with the Independent State of Papua New Guinea.
The MOU is an affirmation of the parties’ intent to proceed
with the Wafi-Golpu Project, subject to finalisation of the
permitting process and Harmony and Newcrest board
approvals.
The MOU establishes the framework for the parties to progress the
permitting of the Wafi-Golpu Project as quickly as practicable in
accordance with applicable regulatory processes. It provides a
framework of key terms to be included in the Mining Development
Contract and other related agreements with the State, including
provision for stability to underpin the significant long-term
investment required to develop and operate the Project. The MOU
also re-affirms the intention of the parties to complete the
permitting process and achieve grant of a Special Mining Lease by
30 June 2019.
“This MOU is an important step in progressing the permitting
of the Wafi-Golpu project. I wish to thank Prime Minister
O’Neill and his Government for the constructive manner in
which they have worked with the WGJV partners and for the
commitment demonstrated in advancing this important project in the
best interests of the people of Papua New Guinea and
shareholders,” said Peter Steenkamp, chief executive
officer.
Peter added: “Our joint understanding of the terms and
timeline that we are working towards as set out in the MOU is
central to the commencement of the initial work program. Harmony is
committed to make a meaningful contribution to the social and
economic development of Papua New Guinea and we look forward to
continue working with the government and people of Papua New Guinea
to complete the permitting process.”
As a result of entering into the MOU, the WGJV is completing
approval processes to commence a substantial work program,
including the establishment of underground access for further
drilling of the Golpu deposit and the construction of a bridge over
the Markham River, which is an integral feature of the proposed new
Northern Access road from the Highlands Highway to the mine site.
The MOU recognises that development of the Wafi-Golpu Project will
be of major economic significance to the people of Papua New
Guinea, and encourages the development of the Project in a way
which will contribute to the advancement of the social and economic
welfare of the people of Papua New Guinea, while also providing a
viable and stable foundation for the long term development of the
Project by the WGJV.
About the Wafi-Golpu Project
Harmony and
Newcrest each currently own 50% of Wafi-Golpu through the
WGJV.
The State of PNG
retains the right to purchase, at a pro rata share of accumulated
exploration expenditure, up to 30% equity interest in any mineral
discovery at Wafi-Golpu, at any time before the commencement of
mining. If the State of PNG chooses to take-up its full 30%
interest, the interest of each of Harmony and Newcrest will become
35%.
The Golpu deposit
is located approximately 65km south-west of Lae in the Morobe
Province of PNG which is the second largest city in PNG and will
host the Wafi-Golpu export facilities. The proposed mine site sits
at an elevation of approximately 200 metres above sea level in
moderately hilly terrain and is located near the Watut River
approximately 30km upstream from the confluence of the Watut and
Markham rivers.
The Feasibility
Study Update was release in March 2018. Project economics set out
in the Feasibility Study Update demonstrates significant free cash
flow generation. Once in production, the asset has the potential of
being one of the lowest decile cost copper-gold
producers.
The WGJV
submitted an Environmental Impact Statement (EIS) for the Project
to the relevant Papua New Guinean regulatory authority,
Conservation and Environment Protection Agency (CEPA) in June 2018.
Consultation with the regulatory authority, community and other
stakeholders is ongoing.
For further information please contact
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Lauren Fourie
+27 (0)71 607 1498
lauren.fourie@harmony.co.za
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This information is
available on our website at www.harmony.co.za /what-we-do/exploration/wafi-golpu
Forward Looking Statements
This report contains forward-looking statements within the meaning
of the safe harbor provided by Section 21E of the Exchange Act and
Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”), with respect to our financial
condition, results of operations, business strategies, operating
efficiencies, competitive positions, growth opportunities for
existing services, plans and objectives of management, markets for
stock and other matters.
These forward-looking statements, including, among others, those
relating to our future business prospects, revenues, and the
potential benefit of acquisitions (including statements regarding
growth and cost savings) wherever they may occur in this
presentation and the exhibits, are necessarily estimates reflecting
the best judgment of our senior management and involve a number of
risks and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements.
As a consequence, these forward looking statements should be
considered in light of various important factors, including those
set forth in this presentation. Important factors that could cause
actual results to differ materially from estimates or projections
contained in the forward-looking statements include, without
limitation: overall economic and business conditions in South
Africa, Papua New Guinea, Australia and elsewhere; estimates of
future earnings, and the sensitivity of earnings to gold and other
metals prices; estimates of future gold and other metals production
and sales; estimates of future cash costs; estimates of future cash
flows, and the sensitivity of cash flows to the gold and other
metals prices; estimates of provision for silicosis settlement;
statements regarding future debt repayments; estimates of future
capital expenditures; the success of our business strategy,
development activities and other initiatives; future financial
position, plans, strategies, objectives, capital expenditures,
projected costs and anticipated cost savings and financing plans;
estimates of reserves statements regarding future exploration
results and the replacement of reserves; the ability to achieve
anticipated efficiencies and other cost savings in connection with
past and future acquisitions, as well as at existing operations;
fluctuations in the market price of gold; the occurrence of hazards
associated with underground and surface gold mining; the occurrence
of labor disruptions; power cost increases as well as power
stoppages, fluctuations and usage constraints; supply chain
shortages and increases in the prices of production imports and the
availability, terms and deployment of capital; changes in
government regulation and the political environment, particularly
tax, mining rights, environmental regulation and business ownership
including any interpretation thereof ; fluctuations in exchange
rates and currency devaluations and other macroeconomic monetary
policies; the adequacy of the Group’s insurance coverage; and
socio-economic or political instability in South Africa, Papua New
Guinea, Australia and other countries in which we operate. For a
more detailed discussion of such risks and other factors (such as
availability of credit or other sources of financing), see the
Company’s latest Integrated Annual Report and Form 20-F which
is on file with the Securities and Exchange Commission, as well as
the Company’s other Securities and Exchange Commission
filings. The Company undertakes no obligation to update publicly or
release any revisions to these forward-looking statements to
reflect events or circumstances after the date of this presentation
or to reflect the occurrence of unanticipated events, except as
required by law. The foregoing factors and others described under
“Risk Factors” should not be construed as
exhaustive.
For a more detailed discussion of such risks and other factors
(such as availability of credit or other sources of financing), see
the company’s latest Form 20-F which is on file with the
Securities and Exchange Commission, as well as the company’s
other Securities and Exchange Commission filings. The company
undertakes no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this report or to reflect the
occurrence of unanticipated events, except as required by law. All
subsequent written or oral forward-looking statements attributable
to Harmony or any person acting on its behalf are qualified by the
cautionary statements herein.
Ends.
11 December
2018
Corporate
office:
Randfontein
Office Park
P O Box
2
Randfontein
South Africa
1760
T +27 (11) 411
2000
Listing
codes:
ISIN
no:
ZAE000015228
Registration no:
1950/038232/06
JSE Sponsor: J.P.
Morgan Equities South Africa Propriety Limited
Harmony Gold
Mining Company Limited (Harmony), a world-class gold mining and
exploration company, has operations and assets in South Africa and
Papua New Guinea (PNG). Harmony, which has more than 68
years’ experience in the industry, is the second largest gold
producer in South Africa. Our assets include one open pit mine and
several exploration tenements in PNG, as well as 9 underground
mines and 1 open pit operation and several surface sources in South
Africa. In addition, we own 50% of the significant Golpu project in
a joint venture in PNG.
The
company’s primary stock exchange listing is on the JSE with a
secondary listing on the New York Stock Exchange. The bulk of our
shareholders are in South Africa and the United States. Additional
information on the company is available on the corporate website,
www.harmony.co.za.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly
caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
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Harmony Gold Mining Company
Limited
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Date:
December 11, 2018
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By:
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/s/
Frank Abbott
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Name
Frank Abbott
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Title Financial Director
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