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HARMONY GOLD MINING COMPANY LIMITED - HARMONY AND UNIONS REACH LANDMARK

Release Date: 21/05/2004 17:51:52      Code(s): HAR
HARMONY GOLD MINING COMPANY LIMITED - HARMONY AND UNIONS REACH LANDMARK         
AGREEMENT                                                                       
Harmony Gold Mining Company Limited                                             
JSE:          HAR                                                               
NYSE:       HMY                                                                 
ISIN No.:   ZAE000015228                                                        
HARMONY AND UNIONS REACH LANDMARK AGREEMENT                                     
Johannesburg, Friday 21 May 2004 - Harmony Gold Mining Company Limited          
(NYSE: HMY JSE: HAR) today announced that significant progress had been made in 
follow up negotiations with the respective unions following a discussion to     
restructure some of its loss-making operations.                                 
At a meeting held today between the company, NUM, UASA and Solidarity, the      
parties agreed on the following principles:                                     
i) to strongly focus on the re-skilling and redeployment of employees affected  
by the restructuring initiatives;                                               
ii) to identify both areas of growth and possible downscaling within the        
company;                                                                        
iii) Continous Operations ("CONOPS") in the context of creating opportunities   
for both growth and marginal operations;                                        
iv) to accelerate discussions on the actual implementation of CONOPS at the     
individual operations, and                                                      
v)voluntary retrenchments at all operations.                                    
With the abovementioned principles being agreed to on National level,           
negotiations will now be moved to the individual operations.                    
"We are extremely pleased with the outcome of the negotiations which have taken 
place over the past few weeks. All parties should be congratulated for their    
positive approach to dealing with operations within Harmony which have come to  
the end of their economical life," commented Bernard Swanepoel, Chief Executive.
"With the introduction of CONOPS throughout the company, we anticipate that the 
loss of employment opportunities will be minimised. All stakeholders in Harmony 
stand to benefit from this important agreement," he concluded.                  
ENDS                                                                            
Issued by Harmony Gold Mining Company Limited                                   
21 May 2004                                                                     
For more details contact:                                                       
Bernard Swanepoel                                                               
Chief Executive                                                                 
on +27(0)83 303 9922                                                            
or                                                                              
Ferdi Dippenaar                                                                 
Marketing Director                                                              
on +27(0)82 807 3684                                                            
Investor Relations Officer                                                      
Corne Bobbert                                                                   
Tel +27 11 684 0146                                                             
Mobile +27(0)83 380 6614                                                        
cbobbert@harmony.co.za                                                          
www.harmony.co.za                                                               
JSE:          HAR                                                               
NYSE:       HMY                                                                 
ISIN No.:   ZAE000015228                                                        
Date: 21/05/2004 05:51:57 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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