Go Back Email this Link to a friend


Harmony Gold Mining Co Ltd - Joint News Release

Release Date: 21/02/2002 12:37:54      Code(s): HAR
HARMONY GOLD MINING CO. LTD
Joint  News  Release  by Harmony Gold Mining Co. Ltd.  and  African  Rainbow
Minerals (Pty) Ltd. (ARM)
ARM/HARMONY JV GETS COMPETITION TRIBUNAL APPROVAL
Johannesburg,  21  February  2002  - Harmony  Gold  Mining  Company  Limited
("Harmony") and African Rainbow Minerals (Pty) Ltd. ("ARM") today  announced
that  the  Competition  Authorities approved  the  proposed  acquisition  of
AngloGold's Free State assets ("Freegold") on 20 February 2002.
There  are  no  conditions  attached to the  approval.  The  two  conditions
precedent  that  remain to be fulfilled are the granting  of  the  necessary
mining  authorities to the Joint Venture by the Department of  Minerals  and
Energy,  and the approval of the cession of the mining leases in respect  by
the Minister of Minerals and Energy.
"We  are  pleased with the approval by the regulatory authorities,  as  this
progresses the logical consolidation of the Free State goldfields. From both
a  strategic and operational perspective, the process is well on its way  in
creating  value  for our shareholders," commented Bernard  Swanepoel,  chief
executive of Harmony.
Patrice  Motsepe,  executive  chairman of  ARM  said,  "The  ARM/Harmony  JV
continues to make significant progress in the removal of farm fences in this
important gold producing region.  The benefits from consolidating the region
will significantly contribute to the upliftment of the area."
21 February 2002
For further details contact:
Ferdi Dippenaar
on +27(0)82-807-3684
or
Patrice Motsepe
on +27(0)82-560-0930
or
Mangisi Gule
on +27(0)82-805-3863
Issued by Harmony Gold Mining Company Limited
Contact:
Corne Bobbert
Tel +27 11 411 2036
Mobile +27(0)83-380-6614
E-mail: cbobbert@harmony.co.za
Web Site:
www.harmony.co.za



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.