Issued by Harmony Gold
Mining Company Limited
2 August 2011
For more details contact:
Graham Briggs
Chief Executive Officer
+27 (0) 83 265 0274 (mobile)
Marian van der Walt
Executive: Corporate and
Investor Relations
+27 (0) 82 888 1242 (mobile)
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
Registration number:
1950/038232/06
Harmony and Unions agree to two year wage agreement
Johannesburg. Tuesday, 2 August 2011. Harmony Gold Mining Company Limited
(‘Harmony’ or ‘the Company’) is pleased to announce that it has signed a two year wage
agreement with the National Union of Mineworkers (NUM), Solidarity and UASA (collectively
referred to as the “Unions”) today. The increases agreed to are:
Minimum wages at entry level:
10%
Category 5 to 8 employees:
8.5%
Miners, artisans and officials:
7.5%
The wage agreement between Harmony and the Unions also include a profit share scheme,
in which all employees in the bargaining unit will share on a quarterly basis. The profit share
will be based on 1% of operating profits less capital expenditure from the Company’s South
African assets.
Employees who participated in the strike will return to work later today. The Company
estimates that approximately 500kg of production was lost during the strike.
Graham Briggs, chief executive officer, commented: “It has been a tough negotiation
process, but we have managed to reach agreement and avoid a protracted strike. We wish
to thank the Unions for their understanding and also partnering with us in creating a
sustainable mining industry.”
ends.