Harmony Gold: Output falls after accident, flood

Published Mar 27, 2014

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Harmony Gold’s output would fall by 12 percent to 15 percent in the first quarter to March compared with the December quarter because of accidents and floods, the third-largest local gold producer said yesterday. A stoppage following a fire that killed nine workers at Doornkop last month, flooding at its Joel operation and a “slower turnaround” at Kusasalethu had caused output to fall, Harmony said. Production at Steyn 2 was suspended six months earlier than originally planned, due to the safety risk of seismicity. The shares fell by 4.49 percent to close at R34.25. – Bloomberg

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