Harmony falls, Kusasalethu to stay closed

Comment on this story
IOL BR mining PIC001 Reuters.

Shares of Harmony Gold slip 1.7 percent to 70.30 rand after South Africa's third-largest mining company says it will keep its Kusasalethu mine closed until it is safe enough for employees to start back to work.

Kusasalethu, near Johannesburg, did not re-open after the Christmas holidays because of labour unrest at the mine. Harmony also cut its full-year production forecast to 1.2 million ounces, from 1.3 million previously.

Harmony is no longer a member of the blue-chip Top-40 index, having been replaced on December 24 by private hospital group Mediclinic International. - Reuters


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines