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HARMONY GOLD MINING COMPANY LIMITED - Supportive of collaborative approach

Release Date: 31/03/2015 15:02:00      Code(s): HAR       PDF(s):  
Supportive of collaborative approach

Harmony Gold Mining Company Limited
Registration number 1950/038232/06
Incorporated in the Republic of South Africa
ISIN: ZAE000015228
JSE share code: HAR
(“Harmony” or “the Company”)


Harmony Gold supportive of collaborative approach

Harmony Gold Mining Company Limited (“Harmony” and/or “the Company”)
notes the release by the Minister of Mineral Resources Minister
Advocate Ngoako Ramatlhodi today, of the Department of Mineral
Resources’(DMR’s) assessment of the mining industry’s compliance with
the Mining Charter.


Harmony is supportive of the position adopted by the Chamber of Mines
of South Africa, which acknowledges the DMR’s account of the mining
industry’s success in achieving these targets and recognises the role
of the mining industry as a driver of growth and development in South
Africa.


Harmony notes the difference of opinion in how some black economic
empowerment (BEE) transactions are recognized. To this end, the DMR and
the mining industry have agreed to jointly seek a ‘declaratory order’
from a South African court to ensure the correct interpretation of the
rules governing the BEE component of the Charter. This is a proactive
and necessary step to promote regulatory certainty for the mining
industry.


“As Harmony continues its journey to cement its future in South Africa
– pro-actively participating in transforming the South African mining
industry – we remain committed to identifying other opportunities to
further facilitate HDSA ownership, transform our workforce, invest in
developing South Africans and create opportunities for small business
entrepreneurs. Our presence in South Africa is real and lasting and so
will our legacy be,” said Graham Briggs, chief executive officer.
The Company believes that its performance in terms of each of the nine
pillars set out in the Mining Charter illustrates that it does more
than just comply. The nine pillars of the Charter are: reporting,
ownership, housing and living conditions, procurement and enterprise
development, employment equity, human resources development, mine
community development, sustainable development and growth and
beneficiation.


For more details on Harmony’s social investment, please visit our
website at www.harmony.co.za.


For more details contact:


Graham Briggs
Chief Executive Officer

+27 (0) 83 265 0274 (mobile)



31 March 2015

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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