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BERNARD SWANEPOEL
BSc (Min Eng) BCom (Hons)
Director
bernard@2tp.co.za
 

• Co-Founded To-The-Point Growth Specialists : 2007
• CEO Harmony Gold : 1995 - 2007
• Mining engineer with Gengold : 1983 - 1995

Bernard started his career with Gengold in 1983, working at Grootvlei. In 1993 he was appointed General Manager of Beatrix and spearheaded its performance as the lowest cost producer in the gold mining industry at that time.

In 1995, Bernard joined Randgold as the Managing Director of Harmony.
For 12 years Bernard led the team which saw Harmony grow from a mine producing 650 000 ounces to a 3 million ounce producer and the 5th largest gold mine in the world.
In 2007, Bernard left Harmony Gold to start To The Point Growth Specialists.

Bernard has BSc (Min Eng) and a B.Com (Hons)


Below is a selection of the most significant transactions that Bernard has been involved with:


Since the founding of To The Point Growth Specialists:
MERGERS AND ACQUISITIONS

• The creation of a Joint Venture Company between Boss Mining SPRL and Prairie International Limited to own, operate and develop the Mukondo Mountain Cobalt/Copper Mine (arguably the single richest cobalt mine in the world) in the Democratic Republic of Congo. (2008)
• The acquisition by Central African Mining & Exploration Company Plc, of Prairies’ interest in the above Joint Venture, for shares amounting to 39.9% of its issued share capital (approximately GBP 422 million) (2008)
   

In his time at Harmony Gold Mining Company Limited:
MERGERS AND ACQUISITIONS

• The acquisition by Harmony of Rio Tinto’s rights to royalty agreement for US$ 23 million entered into prior to the acquisition of Hidden Valley and Kerimenge deposits in PNG (2007)
• The acquisition by Harmony of an interest in Western Areas Limited for US$321 million (2006)
• The acquisition by Harmony of Abelle Limited for US$ 190 million (2004)
• The acquisition by Harmony of Avgold Limited as part of a share transaction (2004)
• The acquisition by Harmony of an interest in Highland Gold for US$ 39 million (2003)
• The acquisition by Harmony of an interest in High River for US$ 14 million (2003)
• The acquisition by Harmony of ARMgold Limited for US$ 697 million (2003)
• The acquisition by Harmony of an interest in Anglovaal Mining Limited for US$243 million (2003)
• The joint venture between Randfontein Estates and Africa Vanguard for US$19 million (2003)
• The acquisition by Harmony of an interest in Bendigo for US$ 28 million (2002)
• The acquisition by Harmony of St Helena Gold Mines Limited for US$ 14 million (2002) The acquisition by Harmony of New Hampton for US$ 32 million (2002)
• The acquisition by Harmony of Free Gold for US$ 207 million (2001)
• The acquisition by Harmony of Hill 50 for US$ 133 million (2001)
• The acquisition by Harmony of Randfontein Estates Limited for US$ 128 million (2000)
• The acquisition by Harmony of Kalahari Goldridge Mining Limited for US$ 43 million (1999)
• The acquisition by Harmony of Evander Gold Mines Limited for US$ 64 million (1998)
   

DISPOSALS

• The disposal of Harmony investment in Gold Fields for US$ 407 million (2005-2007)
• The disposal of Harmony Nickel tenements at the South Kalgoorlie Mines for US$ 11 million (2007)
• The disposal of surface assets and metallurgical plant at Deelkraal for US$ 14 million (2007)
• The disposal of an investment in Western Areas Limited for US$ 303 million (2006)
• The disposal of Randfontein 4 shaft for US$ 9 million (2006)
• The disposal of Buffalo Creek Mines (Pty) Ltd for US$ 1 million (2006)
• The disposal of investment in Bendigo Mining NL for US$ 26 million (2005)
• The secondary placement of Harmony’s holding in ARM Limited (2005)
• The disposal of investment in Highland Gold for US$ 120 million (2004)
• The disposal of investment in High River for US$ 23 million (2004)
• The disposal of an interest in Doornkop Shaft (Randfontein Estates) to African Vanguard Resources for US$ 36 million (2003)
   

CAPITAL RAISING AND STRUCTURING

• Raising of term loan facility of US$ 71 million with RMB by Harmony (2007)
• Randfontein Estates entered into a preference share subscription for US$ 79 million with RMB (2007)
• Harmony entered into a term loan facility of US$ 79 million with RMB (2007)
• Harmony entered into a term loan facility of US$ 143 million with RMB (2006)
• ARM Empowerment Trust entered into a US$ 68 million term loan facility with Nedbank (2005)
• ARM Empowerment Trust entered into a US$ 51 million term loan facility with Nedbank (2005)
• Harmony issued US$ 243 million international unsecured fixed rate convertible bonds (2004)
• AVR entered into a term loan facility of US$ 17 million with Nedbank (2003)
• Harmony entered into a term loan facility of US$ 121 million with Nedbank (2003)
• ARMGold entered into a term loan facility of US$ 71 million with BoE Bank (2002)
• Harmony entered into a term loan facility of US$ 71 million with BoE Bank (2002)
• Harmony (Australia) entered into a syndicated loan of US$ 46 million with ANZ Bank, City Bank, Societe Generale, Absa Asia, RMB International and Standard Finance (2002)
• New Hampton entered into a term facility of US$ 20 million with ANZ Banking Group (2001)
• Harmony completed a global offering of ordinary shares and warrants raising capital of US$ 132 million (2001)
• Harmony landed and priced an issue of US$ 171 million senior fixed rate bonds (2001)
• Harmony South Africa and Australia entered into a US$ 257 million syndicate loan facility with City Bank, JP Moragn, ANZ, Absa and BoE (2001)
• Harmony (Australia) entered into a US$ 20 million loan facility with Robert Fleming (2000)
• Harmony entered into a US$ 64 million fixed term loan with Absa bank (2000)

LISTINGS

• The secondary listing of Harmony on:
  • London Stock Exchange and
  • Berlin Stock Exchange
• Quoting of Harmony Gold as International Depositary Receipts (IDR’s) on:
  • Euronext Brussels
  • Euronext Paris
  • Euronext Luxemburg
• Quoting of Harmony Gold as American Depository Shares (ADS’s) on:
  • New York Stock Exchange
  • NASDAQ

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