Harmony’s headline earnings soar, eight die, Moab transferred

Harmony Gold on Tuesday reported improved earnings, production, grade and costs in the six months to December 31, but regrettably also eight fatalities. While Mining Weekly Online was engaged in the media conference, the transfer of ownership of Moab Khotsong assets to Harmony became official, with consent granted in terms of Section 11(2) of the Mineral and Petroleum Resources Development Act, 2002 to grant the Moab Khotsong mining right to Harmony, fulfilling one of the most important conditions precedent towards the completion of the Moab Khotsong transaction, for which $100-million equity is to be raised and the dividend passed.