HARMONY AND NUM RESOLVE DISPUTE AT KALGOLD
NEWS RELEASE
Harmony Gold Mining Company Limited
Share code : HAPS
ISIN : ZAE000015228
Johannesburg, 31 May 2002 - Harmony today announced the details of the
agreement reached with the National Union of Mineworkers (NUM) at its
Kalgold operations.
The parties settled on an average wage increase of 9% for the lowest job
category and 8% for the balance of the remainder of the employees.
Bernard Swanepoel, chief executive, commented: "We are obviously pleased
with the final outcome of the negotiations.
Although the process was protracted, and extended way beyond everybody`s
expectations, both parties showed the necessary restraint and commitment to
resolve the impasse.
"The focus at Harmony to protect our earnings performance of the company
remains as strong as ever."
Ends
Date: 31/05/2002 04:26:00 PM Produced by the SENS Department
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