HARMONY AND NUM RESOLVE DISPUTE AT KALGOLD
Harmony Gold Mining Company Limited
Share code : HAPS
ISIN : ZAE000015228
Johannesburg, 31 May 2002 - Harmony today announced the details of the
agreement reached with the National Union of Mineworkers (NUM) at its
The parties settled on an average wage increase of 9% for the lowest job
category and 8% for the balance of the remainder of the employees.
Bernard Swanepoel, chief executive, commented: "We are obviously pleased
with the final outcome of the negotiations.
Although the process was protracted, and extended way beyond everybody`s
expectations, both parties showed the necessary restraint and commitment to
resolve the impasse.
"The focus at Harmony to protect our earnings performance of the company
remains as strong as ever."
Date: 31/05/2002 04:26:00 PM Produced by the SENS Department