Harmony’s Hidden Valley upgrade on track

Harmony Gold announced that the planned shutdown at its Hidden Valley mine in Papua New Guinea (PNG) was completed two weeks ahead of schedule.

Harmony
Image credit: Harmony Gold

In addition, the processing of ore recommenced on 15 November 2017. Over 65% of the planned initial capital investment in the stage 5 and 6 cutbacks has been incurred to date and the project is progressing ahead of schedule and on budget, all while maintaining the highest safety standards.

At the 2017 Mining and Petroleum Conference and Trade Fair in Papua New Guinea, the general manager at Hidden Valley, Gary Davies, highlights the following:

  • Safety at the mine is industry leading, with a lost-time injury rate during the past 12 months of 0.2 per million hours worked and the last lost-time injury recorded in April 2017
  • Processing operations at the mine started two weeks ahead of schedule on

15 November 2017, following the planned four-month plant shutdown

  • Mining at the Stage 5 cutback is a month ahead of schedule and on budget, with an annualised mining rate of 28Mto per annum achieved in October 2017
  • It is expected that commercial levels of production will be achieved in the June quarter 2018, as planned.

“The Hidden Valley team showcases responsible mining - communities benefit, employees benefit and the mine is well on track to deliver annual steady state gold production of 180 000oz at an all-in sustaining cost of less than USD950/oz during FY19,” says Peter Steenkamp, chief executive officer for Harmony.


 

 

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