Possible Strike Action
26 Juillet 2011 - 4:43PM
UK Regulatory
TIDMHRM
HARMONY GOLD MINING COMPANY LIMITED
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."
ends.
Issued by Harmony Gold Mining Company Limited
26 July 2011
For more details contact:
Graham Briggs
Chief Executive Officer
+27 (0) 83 265 0274 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 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
JSE: HAR
NYSE: HMY
ISIN No.: ZAE000015228
Registration number: 1950/038232/06
END
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