Harmony Gold

Mining with purpose

We are a global, sustainable gold producer, creating shared value for all stakeholders while leaving a lasting positive legacy by:

  • Creating a profitable, sustainable company
  • Committing to safe, ethical, social and ecologically responsible mining
  • Positioning our business to contribute to a low-carbon future.

Creating shared value is the golden thread that links our purpose to our business model to our strategy. It drives our pursuit of operational excellence and ensures an inclusive approach to stakeholders. This guides the way we manage our capitals – ensuring that at all times we create and preserve value, generating infinite opportunities from a finite resource.

Salient features

^ Illustrative equivalent based on the closing exchange rate of R14.72/US$1 as at 27 August 2021.
# As at 27 August 2021.

A case study

Live longer – our way of working

Achieving our goal of zero loss of life and, ultimately, zero harm is a formidable challenge but one we are determined to achieve. In tandem with improving systems and controls, we are changing behaviour in a complex and high-risk mining environment through an integrated approach to shared responsibility.

This is a cross-functional approach, with initiatives in key disciplines cascading up to a group-wide organisational effectiveness and improvement (OEI) programme that totalled R12.3 million in FY21 alone. This in turn is centred on our core values as an organisation that truly cares. We keenly understand that, without our 48 113 people, Harmony does not exist.

The coherent development of both the systemic and humanistic dimensions, as well as full integration with the Harmony safety strategy, are fundamental principles on which the business improvement programme is based.

Key to the programme over 2021-2023 is the sustainability and full integration of the humanistic transformation output, the Thibakotsi journey, illustrated below . Phases 3 and 4 are being implemented concurrently.

This company culture transformation framework has three key change drivers.

They are:

  • How leaders show up, develop themselves and adopt a collaborative leadership style aligned to all the company values
  • How leaders empower, develop and engage middle management and supervisors
  • How leaders empower and engage with frontline employees, ensuring there is also a bottom-up approach to culture change.

Building on the foundation laid in earlier years, the Thibakotsi journey was initiated in 2021. This focuses on improving employee behaviour as well as team and operational behaviour. Results to date prove that active leadership is making measurable progress in creating a proactive safety culture and an environment where all employees really live our values amid high levels of mutual trust, respect and hope. Working from the top down and bottom up simultaneously, we are entrenching the belief that zero loss of life is possible and that all employees and contracto rs are empowered to deliver it . This is illustrated in the gradual decline in our lost-time injury frequency rate.

"Safety starts with me and I behave safely in everything I do. Zero harm. Zero accidents. Zero fatalities. I am always alert to my colleagues’ safety"

Where we operate

Harmony is an emerging-market gold mining and exploration specialist with a copper footprint. We operate in South Africa and Papua New Guinea, one of the world’s premier new gold-copper regions.

South Africa


1.38Moz (90%)

Located on the Witwatersrand Basin and Kraaipan Greenstone Belt, our South African operations accounted for 71% of group Mineral Resources (gold and gold equivalent ounces) and 58% of group Mineral Reserves at year end.

With over 70 years in the industry, Harmony is an experienced emerging-market gold miner and the largest gold producer by volume in South Africa. The company is also a significant operator of gold tailings retreatment facilities. Our operations in Papua New Guinea include the Hidden Valley gold mine and our joint-venture stake in the Wafi-Golpu copper-gold project.

Papua New Guinea


~150 755oz (10%)

Located on the New Guinea Mobile Belt, in Morobe Province, our PNG operation accounted for 29% of group Mineral Resources (gold and gold equivalent ounces) and 42% of group Mineral Reserves at year end.


Harmony’s 2021 integrated annual reporting suite is for the financial year ending 30 June 2021 (FY21).