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HAR - Harmony Gold Mining Company Ltd - Hidden Valley Joint Venture welcomes

Release Date: 17/12/2010 08:52:01      Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Hidden Valley Joint Venture welcomes    
reaffirmation of constructive dialogue                                          
Harmony Gold Mining Company Ltd                                                 
Incorporated in the Republic of South Africa                                    
Registration number: 1950/038232/06                                             
Share code: HAR                                                                 
ISIN: ZAE000015228                                                              
Hidden Valley Joint Venture welcomes reaffirmation of constructive dialogue     
Johannesburg, Friday 17 December 2010 Please find attached a release from       
Hidden Valley Joint Venture welcoming a statement by the Member for Bulolo      
reaffirming the constructive dialogue process agreed on 6 December 2010         
regarding landowner community concerns about sediment in the Watut River.       
Hidden Valley Joint Venture is a 50:50 Joint Venture between Papua New Guinea   
subsidiaries of Harmony Gold Mining Company Limited and Newcrest Mining         
Limited.                                                                        
Issued by Harmony Gold Mining Company Limited                                   
17 December 2010                                                                
For more details contact:                                                       
Henrika Basterfield                                                             
Investor Relations Officer                                                      
+27 (0)82 759 1775 (cell)                                                       
+27 11 411 2314(office)                                                         
Corporate Office:                                                               
Randfontein Office Park                                                         
P O Box 2                                                                       
Randfontein                                                                     
South Africa 1760                                                               
T +27 (11) 411 2000                                                             
www.harmony.co.za                                                               
JSE:        HAR                                                                 
NYSE:       HMY                                                                 
ISIN No.:   ZAE000015228                                                        
MOROBE MINING                                                                   
HIDDEN VALLEY MINE JV                                                           
HIDDEN VALLEY JOINT VENTURE WELCOMES REAFFIRMATION OF CONSTRUCTIVE DIALOGUE     
PROCESS                                                                         
The Hidden Valley Joint Venture welcomes the Member for Bulolo`s announcement   
today reaffirming the constructive dialogue process jointly agreed and          
announced on 6 December 2010.                                                   
The Member today withdrew a writ lodged with the Lae register of the National   
Court of Papua New Guinea for alleged nuisance relating to Hidden Valley mine   
related sediment.  The writ had been lodged but not served on the Joint         
Venturers.                                                                      
The joint agreement, see attached, includes open sharing of information and     
the establishment of an expert technical advisory group to provide              
independent review of sediment related issues and related community concerns.   
Hidden Valley Mine has a demonstrated track record of working with              
communities.  A range of effective environmental and community programs are     
in place and ongoing.                                                           
These include voluntary payments made to communities along the Watut River      
for flood damage to crops and gardens, regardless of whether this was due to    
additional sediment run-off from mine construction activity or by natural       
events such as landslips and heavy rain.  The Joint Venture has provided        
written assurance to the Member for Bulolo and his advisers that                
participating in the compensation process does not in any way infringe on the   
rights of individuals to claim further compensation beyond that which has       
already been paid.  These compensation payments are nearing completion.         
Importantly, at Hidden Valley Mine, all tailings from the processing of ore     
are stored permanently in an engineered Tailings Storage Facility.  No          
tailings are discharged from our site.                                          
Hidden Valley Joint Venture places a high value on responsible environmental    
stewardship, and on the relationship with our communities, and our 2000-        
strong workforce, most of whom are local people.                                
The Joint Venture remains committed to working with directly communities in a   
constructive and expeditious manner.                                            
Media inquiries:                                                                
David Wissink                                                                   
Ph: (675) 472 1703 ext 243                                                      
Mobile: (675) 7100 2406                                                         
Fax: (675) 472 1705                                                             
Email: david.wissink@morobejv.com                                               
All correspondence to:  PO Box 4015, Lae, Morobe Province, Papua New Guinea     
T:  +675 472 1703  F:  +675 472 1705                                            
JOINT MEDIA RELEASE                                                             
MOROBE MINING                         BULOLO DISTRICT                           
HIDDEN VALLEY MINE JV                                                           
Expert technical advisory panel to review the Watut River System                
Following representations to the Hidden Valley Joint Venture by the Member of   
Parliament for Bulolo Mr Sam Basil who raised landowner community concerns,     
an expert technical advisory panel will review sediment and pollution issues    
affecting the Watut River.                                                      
The Panel will complement the existing regulatory processes and scrutiny of     
mining operations conducted by the PNG Government. It will likely include       
international specialists with best practice experience relevant to the PNG     
natural environment                                                             
In recent discussions with Mr Basil it was agreed that terms of reference and   
membership of the expert technical advisory panel would be determined with a    
view to finalising details at a meeting in January.  Regulators will be key     
participants in this meeting and in ongoing discussions.                        
It is envisaged the expert technical advisory panel will be briefed on both     
historic and current studies and will visit the mine site.                      
The Joint Venture has provided Mr Basil with a briefing on the environmental    
management and monitoring of sediment run-off from the mine along with          
background information and a number of studies.                                 
The Joint Venturers said that the expert technical advisory panel would be a    
vehicle for the constructive resolution of sediment related issues in a         
transparent and cooperative forum.                                              
The meeting also discussed the establishment of multi stakeholder panels to     
consider the broader future development of Morobe Province.                     
Background                                                                      
The Hidden Valley Mine is operated by the Hidden Valley Mine Joint Venture      
(HVJV) a 50:50 Joint venture between Harmony Gold of South Africa and           
Newcrest Mining of Australia.                                                   
The Hidden Valley Mine is located near Wau and Bulolo in Morobe Province.  It   
was officially opened in September 2010.                                        
The Hidden Valley Mine has a workforce of more than 2,000 people.  95 per       
cent are PNG Nationals and 50 per cent come from the local communities.         
It is important to note that the Hidden Valley Mine has an engineered           
tailings storage facility and no mine processing residue, or tailings, is       
discharged into the river.                                                      
The mine related sediment in the river that has caused community concern        
was run-off from mine overburden and construction activities.  The mine         
transitioned from construction to operation in October this year.               
Mine sediment run-off is now significantly lower due to mitigation measures.    
These measures included ceasing of side casting of waste rock and overburden    
in September 2009, ongoing revegetation of exposed slopes and erosion           
control, and the storage of waste rock in engineered waste rock facilities.     
Hidden Valley Mine has a demonstrated record of working with local              
communities.                                                                    
The Hidden Valley Joint Venture has been making voluntary compensation          
payments to communities along the Watut River for flood damage to crops and     
gardens, regardless of whether this was due to additional sediment run-off      
from the mine construction activity or by natural events such as landslips      
and heavy rain.                                                                 
A sustainable development program is bringing education support, agricultural   
skills, health programs and community facilities such as sanitation and water   
supplies, school classrooms, community halls and aid posts.  These programs     
were developed in partnership with the local and provincial government and      
are aligned with their development programs.                                    
Media inquiries contact:                                                        
Date: 17/12/2010 08:52:01 Supplied by www.sharenet.co.za                     
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