HAR - Harmony - Harmony And DRDGold Settle Their Excessive Pricing Case With
HAR
HAPS
HAR - Harmony - Harmony And DRDGold Settle Their Excessive Pricing Case With
Arcelormittal
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 AND DRDGOLD SETTLE THEIR EXCESSIVE PRICING CASE WITH ARCELORMITTAL
Johannesburg. Monday, 14 September 2009. Harmony Gold Mining Company Limited
(Harmony) and DRDGOLD Limited (DRDGOLD) announced today that they have
withdrawn their excessive pricing complaint against ArcelorMittal South Africa
Limited (ArcelorMittal).
The complaint was initially lodged with the Competition Commission in 2002,
with the substance of the complaint being that ArcelorMittal (or ISCOR as it
was then known) abused its dominant position in the South African flat steel
market by charging excessive prices, to the detriment of consumers, in
contravention of section 8(a) of the Competition Act, 1998.
Harmony and DRDGOLD withdrew their complaint, which remained unresolved after
several years of litigation, following the conclusion of a settlement
agreement with ArcelorMittal. The terms of the settlement agreement are
confidential and will not be made public. The settlement agreement reached
will permit the gold miners to focus their energies and resources on their
core businesses, and represents a satisfactory outcome to the matter for them.
Issued by Harmony Gold Mining Company Limited
For more details contact:
Nick Altini
Cliffe Dekker Hofmeyr
on +27 (0)83 556 5223
Corporate Office:
Randfontein Office Park
PO Box 2
Randfontein
South Africa 1760
T +27 (0)11 411 2000
www.harmony.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 14/09/2009 14:00:03 Produced by the JSE SENS Department.
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