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In this section
- Scope of the report
- Corporate profile
- Key features 2010
- Key statistics 2010
- Operations at a glance
- Harmony - 60 years on
Operations at a glance
South Africa
Underground operations
Bambanani | ||
| Production(1) | 4 137kg | 133 007oz |
| Cash operating cost | R176 253/kg | US$723/oz |
| Operating profit | R369 million | US$49 million |
| Capital expenditure | R207 million | US$28 million |
| Mineral resources at year-end | 7.4Moz | |
| Mineral reserves at year-end | 1.4Moz | |
| No of employees (including contractors) | 3 887 | |
Doornkop | ||
| Production(1) | 1 950kg | 62 694oz |
| Cash operating cost | R200 324/kg | US$822/oz |
| Operating profit | R107 million | US$14 million |
| Capital expenditure | R342 million | US$45 million |
| Mineral resources at year-end | 21.6Moz | |
| Mineral reserves at year-end | 0.4Moz | |
| No of employees (including contractors) | 2 649 | |
Evander | ||
| Production | 3 475kg | 111 724oz |
| Cash operating cost | R248 190/kg | US$1 018/oz |
| Operating profit | R51 million | US$7 million |
| Capital expenditure | R175 million | US$23 million |
| Mineral resources at year-end | 35.1Moz | |
| Mineral reserves at year-end | 12.8Moz | |
| No of employees (including contractors) | 3 331 | |
Joel | ||
| Production | 2 006kg | 64 495oz |
| Cash operating cost | R193 019/kg | US$792/oz |
| Operating profit | R145 million | US$19 million |
| Capital expenditure | R88 million | US$10 million |
| Mineral resources at year-end | 4.8Moz | |
| Mineral reserves at year-end | 0.5Moz | |
| No of employees (including contractors) | 1 470 | |
Kusasalethu | ||
| Production | 5 444kg | 175 029 oz |
| Cash operating cost | R208 864/kg | US$857/oz |
| Operating profit | R301 million | US$40 million |
| Capital expenditure | R430 million | US$57 million |
| Mineral resources at year-end | 11.6Moz | |
| Mineral reserves at year-end | 7.5Moz | |
| No of employees (including contractors) | 5 685 | |
Masimong | ||
| Production | 4 840kg | 155 609oz |
| Cash operating cost | R146 674/kg | US$602/oz |
| Operating profit | R575 million | US$75 million |
| Capital expenditure | R177 million | US$23 million |
| Mineral resources at year-end | 19.2Moz | |
| Mineral reserves at year-end | 1.2Moz | |
| No of employees (including contractors) | 3 205 | |
Phakisa | ||
| Production | 1 371 kg | 44 079oz |
| Cash operating cost | R232 190/kg | US$953/oz |
| Operating profit | R49 million | US$6 million |
| Capital expenditure | R486 million | US$64 million |
| Mineral resources at year-end | 23Moz | |
| Mineral reserves at year-end | 5.2Moz | |
| No of employees (including contractors) | 3 034 | |
Target | ||
| Production(2) | 3 539 kg | 113 781oz |
| Cash operating cost | R190 720/kg | US$783/oz |
| Operating profit | R214 million | US$28 million |
| Capital expenditure | R382 million | US$51 million |
| Mineral resources at year-end | 12.5Moz | |
| Mineral reserves at year-end | 2.8Moz | |
| No of employees (including contractors) | 3 078 | |
Tshepong | ||
| Production | 6 749kg | 216 986oz |
| Cash operating cost | R164 938/kg | US$677/oz |
| Operating profit | R676 million | US$90 million |
| Capital expenditure | R261 million | US$35 million |
| Mineral resources at year-end | 12.4Moz | |
| Mineral reserves at year-end | 3.9Moz | |
| No of employees (including contractors) | 5 097 | |
Virginia | ||
| Production | 5 288kg | 170 013oz |
| Cash operating cost | R252 537/kg | US$1 036/oz |
| Operating profit | R75 million | US$10 million |
| Capital expenditure | R180 million | US$24 million |
| Mineral resources at year-end | 12.7Moz | |
| Mineral reserves at year-end | 0.6Moz | |
| No of employees (including contractors) | 4 036 | |
Surface operations
Kalgold | ||
| Production | 1 526kg | 49 063oz |
| Cash operating cost | R182 215/kg | US$748/oz |
| Operating profit | R116 million | US$15 million |
| Capital expenditure | R11 million | US$1 million |
| Mineral resources at year-end | 3.7Moz | |
| Mineral reserves at year-end | 0.8Moz | |
| No of employees (including contractors) | 480 | |
Phoenix | ||
| Production | 647kg | 20 801oz |
| Cash operating cost | R185 762/kg | US$762/oz |
| Operating profit | R52 million | US$7 million |
| Capital expenditure | R5 million | US$1 million |
| Mineral resources at year-end | 0.9Moz | |
| Mineral reserves at year-end | 0.9Moz | |
| No of employees (including contractors) | 1 193 | |
Other | ||
| Production | 1 558kg | 50 090oz |
| Cash operating cost | R140 965/kg | US$622/oz |
| Operating profit | R183 million | US$24 million |
| Capital expenditure | R69 million | US$9 million |
| Mineral resources at year-end | 8.1Moz | |
| Mineral reserves at year-end | 6.3Moz | |
| No of employees (including contractors) | ||
Papua New GuineaOpen pit operation | ||
Hidden Valley (50% attributable) | ||
| Gold – Production(3) | 1 903kg | 61 173oz |
| Silver – Production(3) | 6 927kg | 222 717oz |
| Cash operating cost | R244 544/kg | US$1 003/oz |
| Operating profit | R16 million | US$2 million |
| Capital expenditure | R541 million | US$71 million |
| Gold – Mineral resources at year-end | 2.5Moz | |
| Mineral reserves at year-end | 1.6Moz | |
| Silver – Mineral resources at year-end | 51.2Moz | |
| Mineral reserves at year-end | 32.0Moz | |
| No of employees (including contractors) | 2 476 | |
Resources and reserves attributable (50%) to Harmony (Hamata, Wafi, Golpu and Nambonga) | ||
| Gold – Mineral resources at year-end | 8.3Moz | |
| Gold – Mineral reserves at year-end | 0.9Moz | |
(1) Bambanani includes Steyn 2 which has not yet reached commercial levels of production. Consequently 33kg (1 061oz) of Bambanani’s production was capitalised.
(2) Target includes Target 3 which has not yet reached commercial levels of production. Consequently 117kg (3 762oz) of Target’s production was capitalised.
(3) Includes production for first 10 months while commercial production has not yet been reached. 1 438kg (46 234oz) of gold and 4 504kg (144 821oz) of silver were capitalised.
HARMONY ANNUAL REPORT 2010