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HARMONY AND NUM AGREE ON CONOPS AT RANDFONTEIN

Release Date: 10/09/2004 16:52:00      Code(s): HAR
HARMONY AND NUM AGREE ON CONOPS AT RANDFONTEIN                                  
Harmony Gold Mining Company Limited                                             
JSE:        HAR                                                                 
NYSE:       HMY                                                                 
ISIN NO.:   ZAE000015228                                                        
Johannesburg, Friday, 10 September 2004 - Harmony Gold Mining Co Ltd            
(JSE : HAR NYSE : HMY) today announced that it had reached an agreement         
with the National Union of Mineworkers (NUM) on the implementation of           
CONOPS at its Randfontein operations in Gauteng.                                
Following an agreement reached with NUM on 16 July 2004, at which the           
concept and implementation of CONOPS was agreed to on a national level,         
discussions continued on a regional level.                                      
With the conclusion of this agreement, the company is phasing in the            
implementation of CONOPS at its Free Gold, Evander, Target, ARMgold,            
Elandsrand and Randfontein operations, representing approximately 80% of        
its South African production.                                                   
"The current Randfontein operations are mature in nature and will in the        
short-term benefit from the introduction of CONOPS.  Benefits will              
however be more evident as its Doornkop South Reef growth project comes         
into production.  Negotiations for the implementation of CONOPS at our          
original Harmony operations continue."  commented Bernard Swanepoel,            
chief executive.                                                                
The Doornkop South Reef growth project is expected to produce                   
approximately 3.75 million ounces of gold at a rate of 330 000 ounces           
per annum over a project life of some 18 years.  Cash costs will be             
significantly lower at US$270/ounce.                                            
CONOPS  (continuous  operations) refers to the  practice  where  a  mine        
operates  on  all  the  days  of the year, including  Sundays.   Workers        
operate  on a roster or shift arrangement which sees them work the  same        
amount of hours per week and therefore the company needs to employ  more        
people in order to facilitate working the additional days.                      
Currently most gold mines in South Africa operate for approximately 273         
days per year.  The successful introduction of CONOPS can increase this         
number to 353 days per year (excluding the 12 public holidays).  This           
will result in a 25% increase in labour per stope on the shafts as well         
as a 5% to 8% reduction in unit cost/tonne.                                     
ENDS                                                                            
Issued by Harmony Gold Mining Company Limited                                   
Issued by Harmony Gold Mining Company Limited                                   
10 September 2004                                                               
For more details contact:                                                       
Bernard Swanepoel                                                               
on +27(0)83 303 9922                                                            
or                                                                              
Ferdi Dippenaar                                                                 
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                                                               
Date: 10/09/2004 04:52:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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