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Harmony plunges into FY loss as impairments weigh

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Peter Steenkamp, CEO of Harmony joined Business Day TV to drill into the detail behind their full year results which was released on Tuesday.

Harmony reported its full-year results today reporting a 43% slump in earnings due to more than R5 billion worth of impairments at its local mines, a spike in mine deaths and losses relating to debt denominated in US dollars. The company however expects its undeveloped 50%-owned Wafi-Golpu copper and gold deposit in Papua New Guinea to turn the company's financial fortunes around in the future. Peter Steenkamp, CEO of Harmony joined Business Day TV to drill into the detail behind the numbers.
21 Aug 2018 4AM English South Africa Business · Business News

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