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Please note that the articles contained in this section of the website have been selected from articles published by the media. The facts and opinions expressed therein are those reported by the journalist and publication and therefore may not necessarily reflect those reported by the Company.

Harmony Gold and striking workers announce settlement

Journalist: Michael Allan McCrae

Operations should resume this week after Harmony Gold Mining (NYSE:HMY) announced a settlement with striking workers.

The AFP reported that workers had agreed to wages hikes of between 7.5% and 8%.

On Friday four of the seven companies affected by the labour action had accepted a new pay offers.

Unions had been demanding much larger pay rises.

Harmony Gold's CEO warned about any future strikes.

"Continued industrial action will make this increase unaffordable, and place the future viability of some of our operations under threat. This, in turn, could have an impact on jobs," said CEO Graham Briggs.

Harmony Gold Mining, the third largest gold mining company in South Africa, is engaged in gold exploration and mining. The group’s operations are located primarily on the Witwatersrand Basin in South Africa, encompassing ten underground operations, an open-pit mine and surface operations that encompass four provinces, Gauteng, North West Province, Mpumalanga and the Free State. The Company also operates an open-pit mine in Papua New Guinea.

Annual report

Integrated annual report 2016
Integrated annual report 2017


Investor brief

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

(PDF - 6.5MB)

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