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HAR - Harmony Gold Mining Company Ltd - Press Release

Release Date: 08/07/2010 08:00:04      Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Press Release                           
Harmony Gold Mining Company Ltd                                                 
Incorporated in the Republic of South Africa                                    
Registration number: 1950/038232/06                                             
JSE Share code: HAR                                                             
NYSE Share code: HMY                                                            
NASDAQ Share code: HMY                                                          
ISIN: ZAE000015228                                                              
PRESS RELEASE                                                                   
HARMONY SELLS MOUNT MAGNET GOLD IN AUSTRALIA                                    
Johannesburg. Thursday, 8 July 2010. Harmony Gold Mining Company Limited        
(Harmony) announces that it has executed a Share Sale Agreement with the        
Australian-based gold miner Ramelius Resources Limited (Ramelius) for the sale  
of the Mount Magnet Gold Project (Mount Magnet) for A$40 million cash.          
The Mount Magnet project, located in Western Australia, was placed on care and  
maintenance in 2008. The package includes an extensive advanced exploration     
portfolio and the Checker CIL processing plant.                                 
Harmony`s Chief Executive Graham Briggs says, "The sale of Mount Magnet is a    
continuation of our asset optimization strategy. We consider this operation as  
non-core to this strategy and this divestment allows us to focus on growing,    
developing and operating our portfolio of quality assets in Papua New Guinea."  
For more information on Ramelius Resources Limited, visit the company`s         
website www.rameliusresources.com.au                                            
For more details contact:                                                       
Esha Brijmohan                                                                  
Investor Relations Officer                                                      
On +27 82 759 1775                                                              
Corporate Office:                                                               
Randfontein Office Park                                                         
PO Box 2                                                                        
South Africa 1760                                                               
T: +27 11 411 2000                                                              
J.P. Morgan Equities Limited                                                    
Date: 08/07/2010 08:00:03 Supplied by www.sharenet.co.za                     
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