$$ Harmony Gold Mining. Tradingchance! $$ (Seite 310)

[Tsuba]

Gut dass die alte Domina keine Scheu hat, mit einer jungen Novizin weiterzumachen.

der Gum Boot Walk shines on



Harmony Gold's steady improvement in performance
Monday , 01 Nov 2010

Johannesburg.

Harmony Gold Mining Company Limited (Harmony) today announced the company's results for the quarter ended 30 September 2010, all in line with previously provided guidance.

CEO, Graham Briggs, said: "Production from our growth projects during the quarter was pleasing, reinforcing our pursuit of lower-cost, better quality assets, and taking us a step closer to achieving our production target of 2 million ounces by 2013.


The ramp up of Hidden Valley in Papua New Guinea (PNG) continued and exploration drilling at Wafi/Golpu showed tremendously positive results, emphasising the potential for the Morobe Mining Joint Venture to establish another high quality, world-class operation in PNG," says Briggs.






Harmony's growth in the short to medium term will come from four projects, three in South Africa - (Doornkop, Kusasalethu and Phakisa) and an open pit mine in PNG, being Hidden Valley. Most of the capital on these projects has been spent and production benefits have already started to be seen, driving the company down the cost curve.

These four growth projects were responsible for a 193kg rise in gold production quarter-on-quarter, which largely offset the closure of some of our older shafts, a lower grade at Bambanani and continued work on Joel's shaft bottom. Overall gold production for the group declined by 2.9% to 10 471kg for the quarter ended September 2010.

Specific highlights for the quarter include:

•· Kusasalethu, where gold production rose by 113kg;

•· Hidden Valley, which recorded an 86kg increase in production;

•· Doornkop, which recorded an 33kg increase in production;

•· Masimong, an increase of 62kg in production; and the

•· South African surface operations, which saw gold production rise by 52kg.



The rand per kilogram gold price received decreased by 2.8% to an average of R287 401/kg in the September 2010 quarter, from R295 580/kg in the previous quarter.

However, gold sold increased by 130kg compared with the previous quarter, which resulted in a R38 million increase in revenue.

As expected, cash operating costs for the quarter increased by R238 million (11.2%), mainly due to increased electricity costs (due to winter tariffs and price increases) and higher labour costs as the mid-year wage increase came into effect.
Cash operating profit for the September 2010 quarter, of R652 million, was 30.8% lower when compared with the June 2010 quarter's cash operating profit of R942 million. However, earnings per share increased to 33 cents per share.

Excellent progress was made and reported at our Wafi/Golpu joint venture during the quarter. The concept study was finalised in September 2010, indicating that a copper gold mine at Wafi/Golpu is technically and financially viable, and that a number of development options could be considered in a pre-feasibility study. Production could potentially be between 400 000 - 700 000oz of gold and 100 000 to 200 000t of copper per annum. This could be sustainable over a 20-year mine life.


"This could conceivably be the gold find of the century," says Briggs. Our strategy of asset optimization is a tough one," said Briggs, "and will almost inevitably see short-term setbacks in production. Yet we managed to pursue our strategic goals, with a number of corporate activities having been concluded during the quarter. As a result of this strategy, certain non-core assets were divested and shafts closed so that the management team may focus its resources on growing, developing and operating its portfolio of core, quality assets. "Safe, profitable ounces continue to be our focus," said Briggs.

[zertol]

COMPANY RELEASES
Harmony Gold's steady improvement in performance
Monday , 01 Nov 2010
http://www.mineweb.co.za/mineweb/view/mineweb/en/page674?oid…

[Tsuba]

die papuaaktivitaet ist wie eine blutkonserve fuer das alte maedchen HAR


"""

SAfrican Harmony sees FY 2011 capex at about $500 mln

Mon Oct 25, 2010 10:55am EDT

* To continue assessing acquisition opportunities

* To boost output to 2 mln ounces by 2013


JOHANNESBURG, Oct 25 #Reuters# - South Africa's Harmony Gold #HARJ.J#, betting on boosting its output through low-cost acquisitions and partnerships, plans to spend nearly $500 million on capital expenditure in the 2011 financial year.

Harmony, the world's fifth-largest gold miner, said in its annual report released on Monday that it would continue to assess acquisition opportunities that would meet its buying criteria.

The company said it has allocated 3.4 billion rand #$492.7 million# for capital expenditure in the financial year 2011, from 3.3 billion rand spent in the previous financial year.

Harmony has said it would boost production to 1.7 million ounces in 2011 and sees output at 2 million ounces by 2013.

The company has also said it plans to grow organically through exploration, especially in Papua New Guinea, where it has one mine and is developing a gold/copper project at Wafi-Golpu. [ID:nLDE69D220]

Harmony said it was planning for a $50 million exploration budget a year for the next two years.

Harmony shares were up 1.59 percent at 78.59 at 1435GMT compared%2""""

[zertol]

COMPANY RELEASES
Harmony Gold publishes Annual Reports and notice of AGM
Monday , 25 Oct 2010
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=1…

Newcrest und Harmony wollen 30 Mio. Unzen Gold in Papua-Neuguinea nachweisen
Autor: Björn Junker
25.10.2010, 11:25,
http://www.wallstreet-online.de/nachricht/3038640-newcrest-u…

Newcrest and Harmony's gold strike of the century
The Harmony-Newcrest JV at Wafi-Golpu in Papua New Guinea is now targeting 30m ounces of gold while the copper target has been raised from 4m to 8m tonnes
Author: Barry Sergeant
Posted: Friday , 22 Oct 2010
http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=11…

[zertol]

Gold strike of the century
The Harmony-Newcrest JV at Wafi-Golpu now targets 30m ounces of gold.
Barry Sergeant|
22 October 2010 13:46
http://moneyweb.co.za/mw/view/mw/en/page292523?oid=512196&sn…

[zertol]

Harmony, Newcrest to Start $150 Million Wafi Study
October 22, 2010, 5:37 AM EDT
By Carli Lourens
http://www.businessweek.com/news/2010-10-22/harmony-newcrest…

Harmony to start $150m Wafi-Golpu study
By: Loni Prinsloo
22nd October 2010
http://www.miningweekly.com/article/harmony-to-start-150m-wa…

[zertol]

COMPANY RELEASES
Harmony Gold announces more significant exploration drill hole intercepts at Wafi-Golpu
Friday , 22 Oct 2010 Harmony Gold
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=1…

[zertol]

COMPANY RELEASES
Harmony Gold reports fatality at Kusasalethu mine
Thursday , 21 Oct 2010 Harmony Gold
http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=1…

[zertol]

COMPANY RELEASES
Harmony Gold announces it is closing Merriespruit 1
Monday , 18 Oct 2010 Harmony Gold
http://www.mineweb.co.za/mineweb/view/mineweb/en/page674?oid…

[Goldiger]

Charttechnisch gesehen dürfte der Rand gegenüber dem US Dollar in Kürze wieder sinken. Dann kommt auch in die Harmony wieder Phantasie.