Harmony released its full-year results on Tuesday, reporting a 43% slump in earnings due to more than R5bn worth of impairments at its local mines, a spike in mine deaths and losses relating to dollar-denominated debt. The company, however, expects its undeveloped 50%-owned Wafi-Golpu copper and gold deposit in Papua New Guinea to turn the company's financial fortunes around in the future. Harmony CEO Peter Steenkamp spoke to Business Day TV about the results and also provided some detail behind the numbers.
OR LISTEN TO THE AUDIO:..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.