HAR - Harmony Gold Mining Company Ltd - Harmony Preparing For Possible Strike
HAR
HAPS
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
minimum."
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
Randfontein
South Africa 1760
T +27 11 411 2000
www.harmony.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 26/07/2011 16:35:19 Produced by the JSE SENS Department.
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