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.”
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 82 888 1242(mobile)