Blueprint
UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
Form 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR
15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF
1934
For October 19,
2017
Harmony Gold Mining Company
Limited
Randfontein
Office Park
Corner Main Reef
Road and Ward Avenue
Randfontein,
1759
South
Africa
(Address of principal executive
offices)
*-
(Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20- F or Form 40-F.)
(Indicate by
check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.)
Harmony Gold
Mining Company Limited
Registration
number 1950/038232/06
Incorporated in
the Republic of South Africa
ISIN:
ZAE000015228
JSE share code:
HAR
(“Harmony”
or “the company”)
A leading South African gold producer – boosting cash flows,
growing its SA gold portfolio
Johannesburg. 19 October 2017. Harmony
Gold Mining Company Limited (“Harmony” and/or
“the Company”) is pleased to announce that it has
entered into an agreement with AngloGold Ashanti Limited
("AngloGold Ashanti") to acquire its Moab Khotsong and Great
Noligwa mines, together with certain long life projects and
tailings dams, for a consideration of US$300 million in cash
(“the Acquisition”).
Harmony believes
the Acquisition will enhance its position as a robust
cash-generative gold mining company, increasing grades, driving
down all-in sustaining costs (“AISC”) and growing its
South African gold portfolio. This value accretive acquisition is
in line with Harmony’s strategy to grow, produce safe
profitable ounces and increase margins. The Acquisition adds more
than 250 000 ounces of gold at an all-in sustaining cost below
Harmony's target of US$950/oz, increasing Harmony’s average
recovered grade to 5.7g/t. Synergies with Harmony’s current
asset portfolio is expected to realise further upside, progressing
pillar extraction at Great Noligwa and reclamation at Mispah
tailings.
"Buying Moab
Khotsong means we boost our cash flows by more than 60%, increase
our average overall underground recovered grade by 12% and grow our
South African underground resource base by 38%. The Acquisition
benefits all our stakeholders. It creates value for our
shareholders, preserves jobs and sustains the surrounding mining
communities with the potential to significantly extend the life of
mine of the Moab Khotsong operations. We believe the South African
gold mining environment creates opportunities which Harmony has
chosen to capitalise on,” Peter Steenkamp, chief executive
officer of Harmony said.
In terms of the
JSE Listings Requirements, the Acquisition is classified as a
category 1 transaction. Important and pertinent details to the
Acquisition are provided in the JSE announcement which accompanies
this announcement, which can be found on our website at
www.harmony.co.za.
The Acquisition
is subject to approval from Harmony’s shareholders and other
conditions precedent, including regulatory approvals. The Board of
Harmony has unanimously approved the transaction and has resolved
to recommend the Acquisition to its shareholders.
Harmony’s CEO will give a live
presentation pertaining to this transaction at 10:00 SA time today
at the Hilton Hotel in Sandton. The investor presentation
accompanying the announcement will be available on our website at
www.harmony.co.za.
Harmony will host a media call at 08:00 SA time, an analyst call at
08:30 SA time and an international call at 16:00 SA
time.
Conference calls dial-in numbers
South Africa
Toll-free:
0 800 201
648
Toll:
011 535
3600
010 201
6800
UK
Toll-free
0808 162
4061
USA
Toll-free
+1 855 481
5362
Australia
Toll-free
+1 800 350
100
Other countries
Toll
+27 11 535
3600
Ends.
For more details
contact:
Lauren Fourie
Investor Relations Manager
+27 (0) 71 607 1498 (mobile)
or
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)
19 October
2017
Transaction
Sponsor:
UBS
Limited
Sponsor:
J.P. Morgan
Equities South Africa Proprietary Limited.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly
caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
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Harmony Gold Mining Company
Limited
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Date:
October 19, 2017
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By:
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/s/
Frank Abbott
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Name
Frank Abbott
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Title Financial Director
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