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Harmony Gold Mining Co. Ltd. - Harmony closes acquisition of stake in High River

Release Date: 22/11/2002 15:20:02      Code(s): HAR
Harmony Gold Mining Co. Ltd. - Harmony closes acquisition of stake in High River
Gold Mines Ltd.                                                                 
ISIN No.:   ZAE000015228                                                        
JSE:         HAR                                                                
NASDAQ: HGMCY                                                                   
NEWS RELEASE                                                                    
HARMONY CLOSES ACQUISITION OF STAKE IN HIGH RIVER                               
GOLD MINES LTD.                                                                 
Johannesburg - 21 November 2002 - Harmony Gold Mining                           
Company Limited ("Harmony") (NASDAQ: HGMCY) today                               
announced that it has completed the acquisition of 17 074 861                   
common shares of High River Gold Mines Limited ("High River")                   
representing an approximate 21% interest in the issued share                    
capital of High River.  Details of the acquisition were previously              
announced in a press release issued by Harmony on November                      
11, 2002.                                                                       
About High River Gold                                                           
High River Gold (TSE:HRG) is a Toronto based company with                       
gold interests in Russia, Canada and West Africa.                               
The principle assets of High River Gold are:                                    
* a 53% fully diluted equity interest in OJSC Buryatzoloto -                    
the 5th largest gold producer in Russia, with two operating                     
mines producing a total of approximately 150 000 oz per year.                   
As at the end of 2001 Buryatzoloto reported reserves and                        
resources of 1.4 million ounces and 5.3 million ounces                          
respectively.                                                                   
* an agreement to acquire a 100% interest in the Berezitovoye                   
Project situated in Siberia, Russia. The Berezitovoye deposit                   
is amenable to open-pit mining and under the Russian classification system      
contains reserves of 1.38 million ounces gold and 6.49 million ounces silver.   
* a 50% interest and joint operatorship of the New Britannia gold mine situated 
in Manitoba, Canada - producing approximately 110 000 oz per year. As at the end
of 2001 New Britannia reported reserves and resources of 0.360 million ounces   
and 0.760 million ounces respectively.                                          
* an 80% interest in the Taparko gold project in Burkina Faso which has a gold  
resource of approximately 1.0 million ounces.                                   
Ends                                                                            
Issued by Harmony Gold Mining Company Limited                                   
For more details contact:                                                       
Bernard Swanepoel                                                               
on +27(0)83  303 9922                                                           
or                                                                              
Ferdi Dippenaar                                                                 
on +27(0)82 807 3684                                                            
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                                                               
Date: 22/11/2002 03:19:58 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             



                                        
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