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.