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Harmony Gold Mining Co. Ltd. - Harmony and NUM reach agreement on Social Plan

Release Date: 19/03/2003 14:00:13      Code(s): HAR HARW
Harmony Gold Mining Co. Ltd. - Harmony and NUM reach agreement on Social Plan   
Harmony Gold Mining Co. Ltd.                                                    
JSE:           HAR                                                              
NYSE:          HMY                                                              
ISIN No.:      ZAE000015228                                                     
JSE:           HARW                                                             
NYSE:          HMYWS                                                            
ISIN No.:      ZAE000031209                                                     
JOINT ANNOUNCEMENT by                                                           
Harmony Gold Mining Co. Ltd. and the National Union of Mine Workers             
HARMONY AND NUM REACH AGREEMENT ON SOCIAL PLAN                                  
Johannesburg  - 19 March 2003 Harmony Gold Mining Company Limited  (NYSE:  HMY: 
JSE: HAR) and the National Union of Mineworkers (NUM) today announced that  the 
parties had agreed to sign the company"s Social Plan Framework Agreement and to 
establish a Social Plan Fund.                                                   
Harmony is the first South African mining company to sign an agreement of  this 
"Harmony  has taken a proactive step to ensure that the company"s  Social  Plan 
process  is  on  track. We will, together with the Unions, form a  Social  Plan 
Trust  and  establish  Future  Forums  at all  our  operations,"  said  Bernard 
Swanepoel, chief executive of Harmony.                                          
"The  Forums will liaise with government on both a local and national level  to 
formulate   and   implement  integrated  development  plans   for   communities 
surrounding  Harmony"s  operations  and in  areas  from  which  our  labour  is 
sourced," concluded Bernard.                                                    
Harmony has also pledged its commitment to the development of its workforce and 
to the necessary skills transfer processes, as per the Social Plan Regulations. 
The company also actively participates in a management/labour partnership, which
incorporates strong community involvement.                                      
"This agreement represents a milestone in the long struggle by the union to     
realise a better life for mineworkers, ensuring that mineworkers are cushioned  
off from job losses resulting from the industry. It enables mineworkers to be   
skilled and re-trained, and to set up projects in order to continue having a    
livelihood. We are heartened by the fact that the agreement is not limited to   
the current workforce but includes former workers and potential future          
retrenchees. Furthermore, it also caters for the labour sending areas. We hope  
that the mining industry, as a whole, can take a leaf from this towards the goal
of creating a humane and caring industry," commented Gwede Mantashe, Secretary  
General of the National Union of Mineworkers.                                   
"I am pleased with the progress made by Harmony and the NUM in what government  
believes is an important aspect of the Mining Charter," commented the Minister  
of Minerals and Energy, Ms Phumzile Mlambo-Ngcuka. "By following this approach  
of getting the co-operation of the other important shareholders, the likelihood 
of a successful implementation of Harmony"s Social Plan increases dramatically,"
the Minister concluded.                                                         
Issued by Harmony Gold Mining Company Limited                                   
For more detail contact:                                                        
Bernard Swanepoel                                                               
on +27(0)83 303 9922                                                            
Khetiwe McClain                                                                 
on +27(0)83 257 5574                                                            
Gwede Mantashe                                                                  
on +27 11 377 2065                                                              
George Masha                                                                    
on +27(0)82 979 6749                                                            

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