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Company Directory - Harmony Gold Mining Company Limited

Company Details - Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited Logo

Harmony Gold Mining Company Limited

Website

Randfontein, South Africa

NYSE: HMY 

ISIN: ZAE000015228

10 Locations

Harmony Gold Mining Company Limited is a leading gold mining and exploration company based in South Africa. It operates numerous mines and focuses on sustainable gold production while minimizing environmental impact and engaging with local communities.

CCI Score

CCI Score: Harmony Gold Mining Company Limited

28.99

Latest Event

Five-Year Collective Bargaining Agreement Secured

Harmony Gold signed a five-year collective bargaining agreement with South African trade unions, securing wage increases above inflation, improved housing allowances, and additional benefits for workers. The agreement, effective from 1 July 2024, marks a significant achievement in protecting labor rights and promoting industrial peace.

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DISSENTER

Harmony Gold Mining Company Limited is currently rated as a Dissenter.

+25 to +44 CCI Score
These companies are vocal in their opposition to authoritarian regimes. They publicly criticize oppressive policies and engage in advocacy efforts to promote accountability and transparency, even if their actions aren’t as extensive as those of Moral Leaders.

Latest Events

  • Five-Year Collective Bargaining Agreement Secured Logo
    JUL
    01
    2024

    Harmony Gold signed a five-year collective bargaining agreement with South African trade unions, securing wage increases above inflation, improved housing allowances, and additional benefits for workers. The agreement, effective from 1 July 2024, marks a significant achievement in protecting labor rights and promoting industrial peace.

  • +80

    Labor Relations and Human Rights Practices

    April 18

    The collective bargaining agreement ensures substantive improvements in worker conditions, including wages that outpace inflation and enhanced housing allowances. These measures strengthen labor rights and union influence, aligning with progressive values and serving as a counterbalance to authoritarian corporate practices.

    South African unions sign five-year collective agreement with Harmony Gold

  • Historic Wage Agreement with Labor Unions Logo
    JUL
    01
    2024

    Harmony Gold Mining Company Limited has signed a historic five-year wage deal with all its labor unions, ensuring an annual 6% wage increase along with enhanced benefits for employees. This milestone agreement, negotiated over three months with multiple unions, represents the company's strong commitment to fair labor practices and worker rights.

  • +80

    Labor Relations and Human Rights Practices

    April 18

    The wage deal is a landmark positive development as it secures a 6% annual wage increase for workers, ensuring fair compensation and improved living standards. This agreement, reached collectively with all unions, demonstrates Harmony Gold's strong commitment to upholding labor rights and equitable treatment of its workforce, aligning with anti-authoritarian and worker-empowering values.

    Harmony Gold signs historic 6% wage deal with all unions

  • Donation to DA Supports Democratic Process Logo
    MAY
    28
    2024

    Harmony Gold Mining Company Limited contributed R2,520,000 to the Democratic Alliance, as revealed in the latest political donation declarations in South Africa.

  • +20

    Political Contributions and Lobbying Efforts

    April 18

    Harmony Gold's donation of R2,520,000 to the Democratic Alliance demonstrates corporate engagement in the political process. While corporate political donations often raise concerns regarding undue influence, directing funds to a party that supports democratic and anti-authoritarian values is viewed moderately positively from an anti-fascist perspective.

    Political parties declare over R170 million in donations

  • Harmony Gold Political Donation Raises Concerns Logo
    MAY
    17
    2024

    Harmony Gold Mining Company donated R6,900,000 to a political party as part of the 2023/2024 financial year disclosures, raising concerns about corporate influence in political processes and potential implications for transparency and worker rights.

  • -40

    Political Contributions and Lobbying Efforts

    April 18

    The R6,900,000 donation by Harmony Gold to a political party shows significant corporate financial engagement in politics. Such a contribution can be seen as an attempt to influence public policy and undermine democratic accountability, raising anti-fascist concerns over corporate consolidation of power and its potential impact on worker rights.

    Political parties rake in over R172 million in donations: Let’s see who funds them

  • Harmony Gold Implements Operation Knockout to Curb Illegal Mining Logo
    OCT
    01
    2023

    During a committee briefing, Harmony Gold detailed its multi-faceted interventions—including Operation Knockout, enhanced security measures like cameras and shaft closures, updated employee protocols, and calls for strengthened immigration and prosecution laws—to combat illegal mining, human trafficking, and associated human rights abuses, thereby protecting workers and local communities.

  • +20

    Public and Political Behavior

    April 18

    Harmony Gold engaged directly with a parliamentary committee to explain and justify its interventions against illegal mining. Its call for reinforced immigration laws and stricter prosecution measures reflects an effort to counter organized criminal behavior and associated human trafficking, which aligns with anti-authoritarian principles.

    Impact and interventions relating to illegal mining: Harmony Gold briefing

  • +25

    Business Practices and Ethical Responsibility

    April 18

    The company’s proactive measures, such as instituting Operation Knockout, implementing security clearances, establishing a whistleblower hotline, and investing in local training and employment initiatives, demonstrate a commitment to ethical business practices and improving labor conditions, which supports anti-fascist and community-centered values.

    Impact and interventions relating to illegal mining: Harmony Gold briefing

  • +15

    Technology and Services Impact

    April 18

    Harmony Gold’s deployment of technological solutions such as security cameras and controlled access mechanisms to monitor mining shafts has aided in curbing illegal mining operations. While these measures serve security purposes, they also contribute to reducing human trafficking and unauthorized activities, supporting anti-authoritarian objectives.

    Impact and interventions relating to illegal mining: Harmony Gold briefing

  • +10

    Economic and Structural Influence

    April 18

    By actively addressing the significant economic losses resulting from illegal mining and advocating for legislative reforms to impose harsher penalties, Harmony Gold aims to mitigate economic distortions and protect both state revenues and community well‑being, reflecting a commitment to broader structural justice.

    Impact and interventions relating to illegal mining: Harmony Gold briefing

Corporate Financials

Revenue
2024
$1.21B
Total Assets
2024
$2.32B
Operating Income
2024
$311.50M
Total Equity
2024
$1.25B

Employees: 3,890

Industries

212234
Copper, Nickel, Lead, and Zinc Mining
212299
All Other Metal Ore Mining
212221
Gold Ore Mining