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
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
For more details contact:
Investor Relations Officer
On +27 82 759 1775
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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