Latest news with #HarmonyGoldMiningCompany
The Citizen
06-06-2025
- Business
- The Citizen
Harmony mine worker falls to his death: Possible 10th on-duty fatality this year?
Thursday, 5 June 2025, was declared a Day of Safety at Harmony mines in South Africa. The Harmony Gold Mining Company community is mourning the loss of an employee who died after a fall at Joel Mine on Wednesday. Located in the Free State, the mine is one of nine operated by Harmony across South Africa, with others situated in Gauteng and the North West. Chipo Morapedi-Mrara, the group's spokesperson, told The Citizen that safety remains a top priority. 'Harmony has implemented a comprehensive safety strategy (Thibakotsi) aimed at achieving zero harm and fostering a proactive safety culture.' ALSO READ: One person dies at Harmony Gold Another worker dies Morapedi-Mrara said the company is devastated by the loss of another employee while on duty. 'We have been on a journey to achieve zero harm since 2016, and we continually assess the maturity of this journey to identify areas for improvement.' Business Day reported on Thursday that this marked the 10th death at Harmony this year. Asked to confirm this, Morapedi-Mrara neither confirmed nor denied the claim. However, she stated, 'During the first half of the financial year 2025, we achieved six months' loss-of-life-free shifts, showing that our strategy is the correct one. We continue to believe that zero loss of life is possible.' Day of safety after worker dies Morapedi-Mrara said following the death of the worker on Wednesday, the mine declared Thursday, 5 June 2025, a Day of Safety. 'All production across our South African operations was stopped to reinforce and communicate our safety principles.' It was not made clear if the Day of Safety will be on the 5th of June every year. 'Over the past five financial years, Harmony's LTIFR (Lost Time Injury Frequency Rate) has remained well below six per million hours worked, with our LLIFR (Loss of Life Injury Frequency Rate) sitting at 0.02. This reinforces our belief that zero loss of life is indeed possible.' ALSO READ: 'What miners want': Minerals council CEO on industry's role in SA Workers dies on Motsepe's mine African Rainbow Minerals (ARM) financial results for the six months ended 31 December 2024 revealed that a man died while on duty. ARM is owned by South African businessman Patrice Motsepe. The Mine's primary focus is on extracting and processing various minerals like iron ore, manganese, chrome ore, platinum group metals (PGMs), nickel, and coal, with a strategic investment in gold through Harmony Gold Mining Company. 'Regrettably, Mr Tshepo Tebele was fatally struck by a winch rope during a night shift cleaning operation at Modikwa on 29 November 2024,' read the report. ARM said its operations are committed to safety. What happens if an employee dies on duty? According to the Compensation for Occupational Injuries and Diseases Act (COIDA), compensation can be claimed by the widow or dependents if an employee dies as a result of a work-related accident or disease. Claimants for death benefits must submit certified copies of the following documents: • A marriage certificate or proof that the couple lived as husband and wife • A birth certificates or baptismal certificates of children (for proof of children) • A death certificate • Declaration by the widow/er (form WCL32) • The employer's report of the accident or disease • Funeral accounts (form WCL46) • A special compensation form must be filled in, which details your income and property Negligence by the employer? The advisory also states that if an employee is injured, dies, or contracts an occupational disease due to the employer's negligence or a defect in machinery or equipment, the employee may be entitled to additional compensation for temporary or permanent disability. Any employee under 26 years old at the time of an injury or disease will receive additional compensation. An application for additional (increased) compensation must be made on a form W930 within 24 months of the injury. The Commissioner may extend the period if there are good reasons. NOW READ: Can a company to be held liable for employee's suicide?
The Herald
26-04-2025
- The Herald
Worker killed at Harmony's Moab Khotsong mine
An employee was killed in a locomotive-related accident at Moab Khotsong mine on Friday morning, Harmony Gold Mining Company reported. The company said all relevant authorities, family and stakeholders had been informed. An investigation into the incident was under way, led by the department of mineral and petroleum resources. 'We are profoundly saddened by this tragic loss and extend our heartfelt condolences to the family, friends, and co-workers of our colleague during this incredibly difficult time,' Harmony Group CEO Beyers Nel said. The company said a chieving zero harm remained its priority at all its operations. The Association of Mineworkers and Construction Union (Amcu) said it was outraged by yet another senseless death of a worker. 'Amcu notes with great concern the alarming increase in transportation and mining-related injuries, which have risen to 72, according to the Samrass report dated April 21.' The union said transportation and mining-related deaths were now the second leading cause of fatalities in the South African mining industry, following fall-of-ground incidents. 'Year to date, the industry has recorded eight fall-of-ground fatalities and six from transportation incidents,' the union said. It said this death brings to 18 the total number of deaths in the South African mining industry so far thus year, compared to 11 during the same period last year. Amcu said Harmony Gold was currently the worst-performing company, with eight fatalities to date. TimesLIVE
TimesLIVE
25-04-2025
- TimesLIVE
Worker killed at Harmony's Moab Khotsong mine
An employee was killed in a locomotive-related accident at Moab Khotsong mine on Friday morning, Harmony Gold Mining Company reported. The company said all relevant authorities, family and stakeholders had been informed. An investigation into the incident was under way, led by the department of mineral and petroleum resources. 'We are profoundly saddened by this tragic loss and extend our heartfelt condolences to the family, friends, and co-workers of our colleague during this incredibly difficult time,' Harmony Group CEO Beyers Nel said. The company said achieving zero harm remained its priority at all its operations. The Association of Mineworkers and Construction Union (Amcu) said it was outraged by yet another senseless death of a worker. 'Amcu notes with great concern the alarming increase in transportation and mining-related injuries, which have risen to 72, according to the Samrass report dated April 21.' The union said transportation and mining-related deaths were now the second leading cause of fatalities in the South African mining industry, following fall-of-ground incidents. 'Year to date, the industry has recorded eight fall-of-ground fatalities and six from transportation incidents,' the union said. It said this death brings to 18 the total number of deaths in the South African mining industry so far thus year, compared to 11 during the same period last year. Amcu said Harmony Gold was currently the worst-performing company, with eight fatalities to date.
Yahoo
06-03-2025
- Business
- Yahoo
Harmony Gold sees 33% increase in net profit and strong cash flow
South Africa's largest gold mining operator, Harmony Gold Mining Company, has reported a 33% increase in net profit to R7.9bn in the six months ended 31 December 2024 (H1 FY25). The company's balance sheet has strengthened, with a net cash position of R7.3bn. This financial growth is underpinned by a 19% rise in group gold revenue, which soared to R35.4bn from R29.7bn in the previous period. Total operating free cash flow increased by 46% to R10.4bn in H1 FY25. Earnings per share (EPS) also saw a 32% increase, reaching 1,265 SA cents per share ($0.71), up from a comparative EPS of 956 SA cents per share. Shareholders have benefitted from a record interim dividend of 227 SA cents per share, and R1.4bn has been returned to them in H1 FY 2025. The company reported a 4% decrease in total gold production, aligning with the company's plans. Furthermore, a 2% increase in underground recovered grades to 6.40 grams per tonne was reported. Harmony Gold is also exploring copper optionality, with CEO Beyers Nel expressing eagerness to bring value to shareholders through the Wafi-Golpu project in Papua New Guinea, reported Mining Weekly. Negotiations for the special mining lease at Wafi-Golpu continue, with the project pipeline designed to avoid financial strain on the balance sheet. Nel said: 'While we have historically been a gold producer, we are on the cusp of introducing near-term copper, which will further de-risk and diversify our production profile. 'Harmony continues to generate stellar cash flows, and our balance sheet is robust, flexible and in a significant net cash position. The gold price has continued to rally since the beginning of the 2025 calendar year, enhancing our strong financial position.' Harmony Gold is also progressing with the Eva Copper feasibility study in Queensland, Australia, with production forecast to reach up to 60,000 tonnes of copper annually. The company is expecting to start copper production from its Eva Copper project by 2028. Nel also highlighted the company's growth trajectory, with more than R2bn directed towards high-grade underground gold mining projects and more than R1bn towards high-margin surface operation projects. These investments are expected to extend the life of major mines such as Moab Khotsong and Mponeng to at least 20 years. "Harmony Gold sees 33% increase in net profit and strong cash flow" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
