1 Integrated Annual Report 2017 . Harmony Gold Mining Company Limited (Harmony), a gold mining and exploration company with 67 years of experience, has operations in South Africa one of the world's best known gold mining regions and in Papua New Guinea one of the world's premier new copper-gold regions. At Harmony, we understand the impact that our company has on the lives of the people we employ, the communities that surround our mines and the environment, as well as the economic contribution that we make to the countries in which we operate. KEY FEATURES. YEAR-ON-YEAR. FIFTH CONSECUTIVE Annual INCREASE IN. Roll out of the Harmony values at Wau UNDERGROUND GRADE RECOVERED. (FY17: ) (FY16: ). PRODUCTION GUIDANCE MET FOR.
2 SECOND CONSECUTIVE YEAR. (FY17: ) (FY16: ). NET DEBT REDUCED TO R887 million (US$68 million) (FY16: billion, US$74 million). HEDGING STRATEGY SECURES CASH MARGINS. (FY17: billion (US$126 million) realised). HEADLINE EARNINGS PER SHARE UP 35%. 298 SA CENTS (21 US cents). (FY16: 221 SA cents (15 US cents)). TOTAL DIVIDEND DECLARED FOR THE YEAR OF. 85 SA CENTS (7 US cents) Papua New Guinea OUR REPORTS ONLINE REFERENCE. Harmony's full set of 2017 reports and supporting documents are available at A full glossary of terms is available on the website, Throughout this Report , $ or dollar refers to US dollar, unless otherwise stated. The electronic reports are interactive pdfs, with links to sections within the document and to external websites.
3 The interactive links are indicated by text K refers to kina, the currency of Papua New Guinea. in red italics. Moz refers to million ounces and Mt refers to million tonnes. All production volumes are in metric tonnes (t), unless specifically stated as imperial tons. b Harmony Gold Mining Company Limited Integrated Annual Report 2017 . CONTENTS. About this Report 2. Directors' responsibility for the Integrated Annual Report 3. INTRODUCING HARMONY. Corporate profile 4. Value creation 7. How we performed 10. Chairman's letter 12. Chief executive officer's review 14. Financial director's Report 16. Social and ethics committee: chairman's Report 20. Board of directors 24. Masimong Executive management 26. UNDERSTANDING HARMONY.
4 Our strategy 29. Our business context 30. Managing our risks and opportunities 32. Stakeholder engagement and material issues 39. HARMONY IN ACTION. Safety and health 42. Employees and communities 51. Environmental performance 62. Mining Charter compliance scorecard 78. Operational performance 80. Exploration and projects 84. Mineral resources and reserves summary 91. Tshepong GOVERNING HARMONY. Corporate governance 98. Remuneration Report 109. Audit and risk committee: chairman's Report 120. Assurance Report 124. Directors' Report 126. Company secretary's certificate 127. Shareholder information 128. Forward-looking statements 131. Directorate and administration 132. Tshepong Harmony Gold Mining Company Limited Integrated Annual Report 2017 1.
5 ABOUT THIS Report . Our Integrated Annual Report 2017 covers Harmony's performance for the 2017 financial year (FY17), from 1 July 2016 to 30 June 2017 . Certain comparative historical information is presented where relevant and to provide insight into our future plans. In summary, our Integrated Annual Report 2017 encompasses the following elements: External factors and Review and material Future plans Primary reflect issues and outlook audience Performance Impact of What we plan All stakeholders, in terms of external to do in the but primarily our strategic environment future and how shareholders objectives and in which we intend to business model we operate achieve this and how we manage these variables This Report covers all of Harmony's operations in South Africa as well as its operational and exploration activities (joint venture and own) in Papua New Guinea.
6 It details the material environmental, socio-economic and governance aspects of our operations, and of Harmony as a whole. Discontinued operations have been excluded unless otherwise stated. For the purposes of this Report we define the short, medium and long term as follows: Short term six months to a year Medium term one year to three years Long term longer than three years Kusasalethu In addition to this Integrated Report , the Harmony suite of 2017 reports also comprises the following: Financial Report to ineral Resources and M. Form 20-F. Report 2017 Shareholders 2017 Mineral Reserves 2017 . Annual Report filed with the United States Securities and Exchange Commission, in compliance with the listing requirements of the New York Stock Exchange Global Reporting Initiative Scorecard An index of the indicators reported in terms of the Global Reporting Initiative Audited Annual financial Contains the notice of Annual Comprehensive mineral resource Operations 2017 .
7 Statements (No restatements general meeting, proxy form and mineral reserve information were made in the 2017 and summarised financial on our mines, projects and Detailed information on each financial year) statements exploration operation The full set of the 2017 reports and accompanying supplementary information are available at 2 Harmony Gold Mining Company Limited Integrated Annual Report 2017 . This Integrated Report has been compiled in line with the International Integrated Reporting Council's Framework, the Global Reporting Initiative G4 guidelines and the King Report on Governance for South Africa 2016 (King IV Report ). Everything we do, from risk assessment and decision making to reporting, is informed by our values and our understanding of how various elements of the business fit together.
8 We have applied this Integrated approach to our reporting sharing insights into both our financial and non-financial performance. Certain key non-financial Tshepisong Primary School Doornkop performance indicators presented in this Report were assured by SizweNtsalubaGobodo. Their assurance Report is available on page 124. The mineral resource and reserve information presented was compiled in accordance with the South African Code for Reporting of Exploration Results, Mineral Reserves and Mineral Resources; the Australian Code for Reporting of Mineral Resources and Mineral Reserves; the Industry Guide 7 of the United States' Securities and Exchange Commission; and the JSE Listings Requirements. This information was gathered, reviewed and confirmed by the relevant competent persons.
9 All the reports making up our 2017 suite of reports, together with a Glossary of Terms, defining the terms used in these reports, are available online at Any additional information can be Masimong found on our website at DIRECTORS'. RESPONSIBILITY FOR. THE Integrated . Annual Report 2017 . Our board of directors has overall accountability for this Integrated Report . Having reviewed the Report and guaranteed the integrity of the contents, the board, supported by the recommendations of the audit and risk committee, confirmed Joel that this Report presents a balanced and representative view of the company and its performance in the past financial year. The board approved this Report on 26 October 2017 . Patrice Motsepe Peter Steenkamp FEEDBACK.
10 Chairman Chief executive officer We welcome your feedback on these reports. Should you have any comments or suggestions on this Report , contact our investor Frank Abbott John Wetton relations team at: Financial director Chairman: Audit and risk committee Harmony Gold Mining Company Limited Integrated Annual Report 2017 3. CORPORATE PROFILE. WHO WHERE. WE ARE WE OPERATE. Harmony, a gold mining and exploration company, In South Africa, our nine underground operations are on the world-renowned Witwatersrand Basin two on the West Rand conducts its activities in South Africa, one of the and seven in the Free State, in the southern portion of the Basin. world's best-known gold mining regions, and in Papua In addition, we have an open-pit mine on the Kraaipan Greenstone New Guinea, one of the world's premier new gold- Belt as well as several surface operations.