CEO Today Africa Awards

SOUTH AFRICA www.ceotodaymagazine.com 56 CEO Today Africa Awards 2017 PATRICE MOTSEPE Chairman of Harmony Gold www.harmony.co.za Harmony, a gold mining and exploration company, conducts its activities 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 gold-copper regions. Harmony, which has more than six decades of experience, was South Africa’s third largest gold producer and the twelfth largest in the world in FY16. We are currently growing a significant gold-copper portfolio in Papua New Guinea. At Harmony, we understand the significant impact our company has on the lives of people, on the communities that surround our mines, on the environment, and on the economic well-being of the countries in which we operate. In South Africa, our operations are focused on the world-renowned Witwatersrand Basin. In addition, we have an open pit mine on the Kraaipan Greenstone Belt. We operate nine underground mines, one open-pit mine and several surface operations. Our operation in Papua New Guinea is the Hidden Valley open-pit gold and silver mine. We also have a 50:50 joint venture partnership with Newcrest Mining Limited (Newcrest) which includes the Golpu project in Morobe Province and significant exploration tenements. In addition, Harmony has a wholly-owned exploration portfolio that focuses on highly prospective areas in Papua New Guinea, including the Kili Teke gold-copper prospect. In FY16, our South African operations accounted for 93% of total production of 1.08Moz, with the remaining 7% coming from Papua New Guinea. At the same time, our South African holdings represented 55% of our mineral resource base, while those in Papua New Guinea represented 45%. In terms of gold equivalent ounces, 62% of total mineral reserves are gold and 38% copper. Harmony has been a very successful explorer in Papua New Guinea, by investing in and growing the Golpu project and by discovering the Kili Teke prospect. In developing a portfolio of world-class gold-copper assets in Papua New Guinea – replacing ounces at a discovery cost of less than US$10 per gold equivalent ounce – we are creating excellent long-term value for Harmony’s shareholders. FIRM PROFILE Patrice became the non-executive chairman of Harmony when he was appointed to the board on 23 September 2003. He was a partner at one of the largest law firms in South Africa, Bowman Gilfillan Inc, and a visiting attorney in the United States with the law firm, McGuire Woods Battle and Boothe. In 1994 he founded Future Mining, which grew rapidly to become a successful contract mining company. He then formed ARMgold in 1997, which listed on the Johannesburg Stock Exchange in 2002. ARMgold merged with Harmony in 2003 and this ultimately led to the takeover of Anglovaal Mining Limited. In 2002, he was voted South Africa’s Business Leader of the Year by the chief executive officers of the top 100 companies in South Africa. In the same year, he was the winner of the Ernst & Young Best Entrepreneur of the Year award. Patrice is a recipient of numerous other business and leadership awards, including: • World Economic Forum Global Leader of Tomorrow, 1999 • South African Jewish Report, Special Board Members Award for Outstanding Achievement, 2004 • African Business Roundtable, USA, Entrepreneur & Freedom of Trade Award, 2009 • McGuire Woods Outstanding Alumnus Awards, 2009 • Afrikaanse Handelsinstituut, MS Louw Award for Exceptional Business Achievement, 2003 • BRICS (Brazil, Russia, India, China, South Africa) Business Council, Outstanding Leadership Award, 2014 He is the executive chairman of African Rainbow Minerals Limited and the deputy chairman of Sanlam Life Insurance Limited. He is also a member of the International Business Council of the World Economic Forum, which is made up of 100 of the most highly respected and influential chief executives from all industries. He is a member of the JP Morgan International Council and the HarvardGlobal Advisory Council. His past business responsibilities include being chairman of the BRICS Business Council for 2013 and founding president of Business Unity South Africa, the representative voice of organised business in South Africa, from January 2004 to May 2008. He is also president of Mamelodi Sundowns Football Club. In January 2013, Patrice and his wife, Precious, joined the Giving Pledge, which was initiated by Warren Buffett and Bill and Melinda Gates. Patrice committed to give half of the wealth of the Motsepe family to the poor during their lifetimes and beyond and that of his wife. ABOUT PATRICE MOTSEPE