| Fri 28 Aug 2009, 16:26 | | HAR - Harmony Gold Mining Company Limited - Harmony suspends negotiations |
|
HAR
HAPS
HAR - Harmony Gold Mining Company Limited - Harmony suspends negotiations
regarding Pamodzi Gold`s Free State Assets
Harmony Gold Mining Company Limited
(Incorporated in the Republic of South Africa)
Registration number 1950/038232/06
ISIN ZAE000015228 Issuer code: HAPS
TRADING SYMBOLS: Ordinary Shares: JSE Limited: HAR,
New York Stock Exchange, Inc., HMY, London Stock Exchange plc: HRM
Euronext Paris: HG, Euronext Brussels: HMY, Berlin Stock Exchange: HAM1,
NASDAQ: HMY
HARMONY SUSPENDS NEGOTIATIONS REGARDING PAMODZI GOLD`S FREE STATE ASSETS
Johannesburg. Friday, 28 August 2009. Harmony Gold Mining Company Limited
(Harmony) notes the recent public statements made regarding the proposed
recapitalisation of the Pamodzi Gold group of companies.
Harmony has been in negotiations with the provisional liquidators of Pamodzi
Gold Free State (Proprietary) Limited (Pamodzi Gold Free State) regarding the
potential acquisition of the assets of Pamodzi Gold Free State since April 2009.
Harmony believes that it has offered a fair price and that the potential
acquisition, if implemented, will provide a sustainable future for the relevant
stakeholders in the Free State.
As a result of the recent developments, Harmony advises that it has decided to
suspend negotiations with the provisional liquidators of Pamodzi Gold Free State
in respect of the potential acquisition in order to allow all stakeholders an
opportunity to assess the proposed recapitalisation and the likelihood of it
succeeding.
Harmony`s decision as to whether or not to recommence negotiations with the
provisional liquidators of Pamodzi Gold Free State will be made in due course
depending on developments regarding the proposed recapitalisation.
For more details contact:
Graham Briggs
Chief Executive Officer
on +27(0)83 265 0274
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 28/08/2009 16:26:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
