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Harmony Gold Mining Co. Ltd. - Harmony Restructures To Unlock Its People`s

Release Date: 02/10/2002 08:48:16      Code(s): HAR
Harmony Gold Mining Co. Ltd. - Harmony Restructures To Unlock Its People`s      
Potential                                                                       
Harmony Gold Mining Co. Ltd                                                     
NEWS RELEASE                                                                    
HARMONY RESTRUCTURES TO UNLOCK ITS PEOPLE`S POTENTIAL                           
Johannesburg, 2 October 2002 - Today Harmony and the United                     
Association of South Africa, (UASA), signed a groundbreaking agreement which in 
effect redefines the traditional Shiftboss /                                    
Supervisor role to that of a coach - aimed at creating an environment of safe   
production for the blasting crew.                                               
In essence this means the following:-                                           
- Role Change for Shiftbosses                                                   
The coach role is no longer a line function. This gives real meaning to the Mine
Safety legislation`s original intention of making the job of the Shiftboss/coach
that of safety only.                                                            
- Remuneration Change                                                           
The coach will no longer be incentivised with a production-related bonus. This  
resolves the traditional dilemma of bonuses pulling production at the expense of
safety.                                                                         
- Hours of Working                                                              
In terms of the agreement, the entire 8-hour working shift will                 
be spent underground with the team, as opposed to the  industry norm of only    
four hours.                                                                     
- Impact on Mine Overseer                                                       
By making the Mine Overseer the direct line supervisor of the blasting crews,   
his technical expertise will now be directly available to the crew.             
This means that the mining crew, each with a blasting license, is now empowered 
to make a real impact on safety.                                                
Chief Executive Officer of UASA Koos Bezuidenhout said: "This is the biggest    
change in organisational structure that the mining industry has seen in the last
80 years.  It goes to the heart of re-aligning the power structure within       
Harmony.  As UASA, we commit ourselves to working together with Harmony to make 
this a success."                                                                
This new structure will also enhance career development for previously          
disadvantaged individuals.                                                      
"Harmony has excellent organic growth opportunities.  Not only are we likely to 
spend billions of rands on new capital growth projects, but this step reflects a
huge investment in unlocking the potential of our most valuable assets - our    
people," commented Bernard Swanepoel, chief executive of Harmony.               
Ends                                                                            
Issued by Harmony Gold Mining Company Limited                                   
For more details contact:                                                       
Bernard Swanepoel                                                               
on +27(0)83 303 9922                                                            
or                                                                              
Abr van Vuuren                                                                 
on +27(0)83 450 5587                                                            
Investor Relations                                                              
Corn Bobbert                                                                   
Tel +27 11 684 0146                                                             
Fax +27 11 684 0188 Mobile +27(0)83 380 6614                                    
E-mail: cbobbert@harmony.co.za                                                  
Web site:                                                                       
www.harmony.co.za                                                               
ISIN No.:    ZAE000015228                                                       
JSE:         HAR                                                                
NASDAQ:      HGMCY                                                              
Date: 02/10/2002 08:45:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             



                                        
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