HomeGoldHarmony clears final debt

Harmony clears final debt

Graham Briggs,
CEO, Harmony
Johannesburg, South Africa — MININGREVIEW.COM — 27 May 2009 – In line with its plans to be debt-free by May 2009, Harmony Gold Mining Company Limited – Africa’s third-largest producer of the metal – has repaid its R1.7 billion convertible bond and is now substantially debt free.

The convertible bond was issued on 21 May 2004 and was listed on the London Stock Exchange for Bonds.

Harmony CEO Graham Briggs commented: “With both our Nedbank loan and convertible bond now paid off, Harmony’s balance sheet is in excellent health. With cash in the bank, we are in an exciting and advantageous position,” he added.