UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES
EXCHANGE ACT OF 1934
For
18 May 2010
Harmony Gold Mining Company
Limited
Randfontein Office Park
Corner Main Reef Road and Ward Avenue
Randfontein, 1759
South Africa
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-
F or Form 40-F.)
Form 20-F X
Form 40-F
(Indicate by check mark whether the registrant by
furnishing the information contained in this form
is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
Yes
No X
Issued by Harmony Gold
Mining Company Limited
18 May 2010
For more details contact:
Esha Brijmohan
Mining Company Limited
18 May 2010
For more details contact:
Esha Brijmohan
Investor Relations Officer
on +27(0)82 759 1775
or
Marian van der Walt
Executive: Corporate and
Investor Relations
on +27 (0)82 888 1242
or
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
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE: HAR
NYSE: HMY
LSE: HRM
ISIN No.: ZAE000015228
HARMONY, UNIONS AGREE GROUND-BREAKING PROFITABILITY PLAN TO
SAVE JOBS
Johannesburg. Tuesday, 18 May 2010. Harmony Gold Mining Company Limited
(Harmony) today announced a ground-breaking job preservation and profitability
agreement with the National Union of Mineworkers (NUM), UASA and Solidarity in
respect of restructuring at the company’s Virginia operations in the Free State.
(Harmony) today announced a ground-breaking job preservation and profitability
agreement with the National Union of Mineworkers (NUM), UASA and Solidarity in
respect of restructuring at the company’s Virginia operations in the Free State.
In terms of the agreement, certain sections of the Virginia operations’ Merriespruit 1
shaft will continue to operate, provided:
shaft will continue to operate, provided:
o
these sections do not make a loss (on a total cost basis, including any capital
expenditure) for two consecutive months; and
expenditure) for two consecutive months; and
o
total costs remained under R250 000/kg.
Last month, Harmony announced – after an extensive review – its intention to close
three loss-making shafts at the Virginia operations – Merriespruit 1 and 3, and
Harmony 2. The company has since engaged with trade unions under the auspices of
the Commission for Conciliation, Mediation and Arbitration (CCMA), in a bid to
mitigate the effect of the closures on jobs.
Harmony CEO Graham Briggs said: “The innovative agreement announced today
resulted from the process of engagement, and points to the excellent relationship
between management and trade unions in the Free State.”
“All parties recognise that, to achieve the desired result – keeping one of the shafts
operational and containing job losses to fewer than 1 000 – the agreed cost and
profitability targets must be achieved through improved productivity. I believe there is
a firm commitment to achieve success by everyone involved.”
three loss-making shafts at the Virginia operations – Merriespruit 1 and 3, and
Harmony 2. The company has since engaged with trade unions under the auspices of
the Commission for Conciliation, Mediation and Arbitration (CCMA), in a bid to
mitigate the effect of the closures on jobs.
Harmony CEO Graham Briggs said: “The innovative agreement announced today
resulted from the process of engagement, and points to the excellent relationship
between management and trade unions in the Free State.”
“All parties recognise that, to achieve the desired result – keeping one of the shafts
operational and containing job losses to fewer than 1 000 – the agreed cost and
profitability targets must be achieved through improved productivity. I believe there is
a firm commitment to achieve success by everyone involved.”
Ends.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: May 18, 2010
Harmony Gold Mining Company Limited
By:
/s/
Hannes Meyer
Name:
Hannes Meyer
Title: Financial Director