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HAR - Harmony Gold Mining Company Ltd - Press Release

Release Date: 21/01/2011 12:45:14      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                                             
Share code: HAR                                                                 
ISIN: ZAE000015228                                                              
PRESS RELEASE                                                                   
HARMONY`S GUIDANCE FOR DECEMBER 2010 QUARTER                                    
Johannesburg. Friday, 21 January 2011. Harmony Gold Mining Company Limited      
(Harmony) announces that production trends are moving in the right direction -  
with higher production from its growth projects and lower R/kg costs quarter on 
quarter - with the exception of Kususalethu.                                    
Gold production for the December 2010 quarter is likely to be 3-5% lower than   
the previous quarter, mainly due to lower production from Kusasalethu as a      
result of the shaft accident in October 2010. The shaft has since been repaired 
and necessary measures have been implemented to ensure that the operation       
delivers in line with its plan in the next quarter.                             
Cash operating costs decreased by 8-10% in Rand and also decreased with 3 to 5% 
on a Rand per kilogram basis, mainly due to lower electricity tariffs and as a  
result of restructuring efforts.                                                
Chief Executive Officer, Graham Briggs, commented that: "We are starting to see 
the fruits of our hard work, with higher production and lower costs evident from
our growth projects. Although the unplanned production stoppage at Kusasalethu  
was a disappointment, it has been dealt with and Kusasalethu will see a better  
March quarter.  Throughout the company our management teams remain focused, they
deal with production challenges as and when they arise and are committed to meet
Harmony`s long term production targets."                                        
Harmony`s results for the quarter ended December 2010 will be released on Monday
7 February 2011.                                                                
For more details contact:                                                       
Graham Briggs                                                                   
Chief Executive Officer                                                         
+27 83 265 0274 (mobile)                                                        
Marian van der Walt                                                             
Executive: Corporate and Investor Relations                                     
+27 82 888 1242 (mobile)                                                        
Henrika Basterfield                                                             
Investor Relations Officer                                                      
+27 82 759 1775 (mobile)                                                        
+27 11 411 2314(office)                                                         
Corporate Office:                                                               
Randfontein Office Park                                                         
P O Box 2                                                                       
South Africa 1760                                                               
T: +27 (11) 411 2000                                                            
J.P. Morgan Equities Limited                                                    
Date: 21/01/2011 12:45:14 Supplied by www.sharenet.co.za                     
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