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HAR - Harmony Gold Mining Company Ltd - Harmony Preparing For Possible Strike

Release Date: 26/07/2011 16:35:19      Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Harmony Preparing For Possible Strike   
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 PREPARING FOR POSSIBLE STRIKE                                           
Johannesburg. Tuesday, 26 July 2011. Harmony Gold Mining Company Limited        
(`Harmony` or `the Company`) announces that following wage negotiations with the
trade unions (being the National Union of Mineworkers (NUM), Solidarity and     
UASA) a deadlock was declared yesterday.                                        
The following offer from the Company was rejected by the Unions:                
Entry level employees:             8.5%                                         
Category 5 to 8 employees:         7.5%                                         
Miners, artisans and officials:    7%                                           
Harmony received a 48-hour strike notice from NUM today, advising that its      
members will down tools at 18:00 on Thursday, the 28th of July 2011.            
Graham Briggs, chief executive officer commented: "We have made a reasonable    
offer to the trade unions, which has been rejected.  We are now preparing for a 
possible strike.  This means that operations will be closed, assets will be     
secured and measures will be taken to ensure that expenditure is kept to a      
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)                                                        
Corporate Office:                                                               
Randfontein Office Park                                                         
P O Box 2                                                                       
South Africa 1760                                                               
T +27 11 411 2000                                                               
J.P. Morgan Equities Limited                                                    
Date: 26/07/2011 16:35:19 Supplied by www.sharenet.co.za                     
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