Skip to content skip to secondary navigation Top of the page

Doornkop Mine

News
and events

Company announcements

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 Harmony Gold Mining Company Limited (Harmony) and DRDGOLD Limited (DRDGOLD) announced today that they have withdrawn their excessive pricing complaint against ArcelorMittal South Africa Limited (ArcelorMittal).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.

For more details contact:

Nick Altini
Cliffe Dekker Hofmeyr
on +27(0)83 556 5223

Presentations

Annual report

Integrated annual report 2016
Integrated annual report 2016

(HTML & PDFs)

Investor brief

Harmony Investor brief, Sep 2017
September 2017 -
Harmony Investor brief

(PDF - 6.5MB)

Register for alerts




Joomla Extensions powered by Joobi