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Discussion on re-instatement of CONOPS in Free State continues

Following a request from a member of the press who attended the company’s quarterly presentation earlier, Harmony Gold Mining Company Limited (NYSE: HMY JSE: HAR) today released information on the number of employees who could be affected by the suspension of CONOPS at its Free State Operations.

An additional 1 830 employment positions were created during the past 12 months with the partial introduction of CONOPS in that region. Following the decision by the National Union of Mineworkers (NUM) at the Free State Operations not to support an application to the Department of Minerals and Energy for Sunday labour, the company has initiated a process to engage the union in finding ways in dealing with the excess labour.

Section 189 notifications will be served on the various shafts in / during the course of the next two weeks, which will initiate the legally required 60 day review period.

“It is irresponsible and immature to speculate on the outcome of the process at this stage, but negotiations to resolve the current impasse are continuing,” commented Bernard Swanepoel, Chief Executive.

For more details contact

Bernard Swanepoel
Chief Executive
+27 11 684 0140
+27 83 303 9922

Ferdi Dippenaar
Marketing Director
+27(0)82 807 3684

Corné Bobbert
Investor Relations Officer
Office: +27 11 684 0149
Mobile: +27(0)72 157 5986
This email address is being protected from spambots. You need JavaScript enabled to view it.

Annual report

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Investor brief

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

(PDF - 6.5MB)

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