mining with purpose

mining with purpose

Harmony is a company that mines with purpose – creating shared value for all stakeholders while leaving a lasting positive legacy in the countries where we operate. We demonstrate true sustainability by delivering on our sustainable development and Environmental, Social and Governance (ESG) commitments, which are woven into our strategy, ensuring that we consider and respond to our stakeholders’ needs and interests.

Our embedded sustainability practices will create lasting legacies and ensure a sustainable future for all stakeholders

Quality ounces and long reserve life through organic growth and value-accretive acquisitions

We are geared to the rand gold price, with rand costs and US dollar revenue

Significant copper exposure through two international projects

Gold mining specialists with strong technical and exploration capabilities

Flexible balance sheet with good cash generation enables our growth strategy

Doing what we know best


“Proactive leadership and genuine care for our people’s safety and health, and our host environment, enable Harmony to sustainably deliver its strategic objectives.”

Dr Patrice Motsepe Chairman

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"Harmony truly demonstrated resilience and dedication to mining with purpose this year despite a challenging operating landscape – building incredible momentum and successfully delivering on our strategy."

Peter Steenkamp Chief executive officer

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Where we operate:

With operations in South Africa and Papua New Guinea, Harmony is a profitable, sustainable gold producer creating shared value for all stakeholders and leaving a lasting positive legacy – delivering high-impact and low-carbon gold through embedding sustainability in everything we do. With an abundance of opportunities to deploy capital across the world, we carefully determine which projects will deliver optimal shareholder returns on the basis of where we operate, how we manage risk and what skills we can leverage.

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South Africa

Location: Witwatersrand Basin and Kraaipan Greenstone Belt


1.33Moz (90.4%)
(FY22: 1.37Moz (92.0%))

Total workforce: 43 175


  • Eight underground operations
  • One open-pit mine
  • Several surface source operations.

We have grouped our assets based on grade and life-of-mine (LoM) as per our equity strategy:

  • High-grade underground operations: Moab Khotsong and Mponeng
  • Underground optimised operations with a focus on free-cash generation: Tshepong North, Tshepong South, Doornkop, Joel, Target 1, Kusasalethu and Masimong.

Major capital allocation for our underground assets is determined by grade and returns.

Our high-margin surface assets comprise Mine Waste Solutions, Phoenix, Central Plant Reclamation, Savuka and dumps.

At 30 June 2023, our South African operations accounted for 65.6% of group Mineral Resources and 51.3% of group Mineral Reserves, both inclusive of gold and gold equivalent ounces.

Papua New Guinea

Location: New Guinea Mobile Belt in Morobe


0.14Moz (9.6%)
(FY22: 0.12Moz (8.0%))

Total workforce: 2 267


  • Hidden Valley (open-pit gold and silver mine)
  • Wafi-Golpu Project (significant copper-gold portfolio)
  • Multiple exploration areas.

At 30 June 2023, our Papua New Guinea operation accounted for 27.5% of group Mineral Resources and 48.7% of group Mineral Reserves, both inclusive of gold and gold equivalent ounces.


Location: Mt Isa Inlier, Queensland, Australia


Project feasibility stage and exploration

Total workforce: 104*


  • Eva Copper Project
  • Rosby exploration tenements

Harmony announced the inaugural resource estimate for the Eva Copper Project, unveiling a significant resource of 1.5 million tonnes of copper and 431 000 ounces of gold. This accounts for 5.9% of group Mineral Resources. Since the acquisition of the project, Harmony has commenced an extensive drilling campaign and undertaken comprehensive studies to enhance the project’s data profile. These initiatives are geared towards facilitating an informed update of the feasibility study, with anticipated release of results slated for FY24.

* Includes Australia head office.

Harmony’s 2023 integrated annual report is for the financial year ending 30 June 2023 (FY23).


Harmony’s integrated report is the primary platform we use to provide our stakeholders with an overview of how integrated thinking and our approach to mining with purpose impact our value creation. It presents a balanced, holistic and transparent overview of our strategy, business model and performance. The report content is available for all our stakeholders, but primarily considers the information needs of our investors, financiers and other providers of financial capital.

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