With the lockdown measures in place, the company expects to only produce between 650kg and 700kg of gold. Credit: Matthias Guntrum.

Harmony Gold has announced that it expects limited gold production during the 21-day lockdown in South Africa in the wake of the fast-spreading coronavirus (Covid-19) pandmeic.

With the lockdown measures in place, the company expects to only produce between 650kg and 700kg of gold.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company has temporarily shuttered its nine underground mines in the country to comply with the lockdown measures imposed by the government.

Harmony Gold’s Hidden Valley gold mine in Papua New Guinea will remain open, until it receives any directive issued in line with the country’s coronavirus pandemic response.

Harmony Gold CEO Peter Steenkamp said: “The health and safety of all of our employees – and in particular those who continue to work on the care and maintenance of our mines, as well as at Hidden Valley – remain our highest priorities.

“We continue to ensure compliance with all prescribed and recommended preventive measures – in both South Africa and Papua New Guinea.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company is, however, keeping the Kalgold mine open for operation in the North West Province, but at a reduced rate. It is also proceeding with operations at surface treatment plants and retreatment facilities.

Harmony Gold stated: “Cash preservation is key, and as such all exploration and capital projects have been suspended.”

According to Reuters, South Africa accounts for nearly 75% of the world’s platinum and 38% of palladium supply. It also produces minerals from gold and manganese to chrome and iron ore.

Meanwhile, the country has reported 1,353 Covid-19 infected cases as of the time of writing, with a total of five deaths across the country.