Harmony and Unions agree to two year wage agreement

 
TIDMHRM 
 
HARMONY GOLD MINING COMPANY LIMITED 
 
Press release 
 
Harmony and Unions agree to two year wage agreement 
 
Johannesburg. Tuesday, 2 August 2011. Harmony Gold Mining Company Limited 
(`Harmony' or `the Company') is pleased to announce that it has signed a two 
year wage agreement with the National Union of Mineworkers (NUM), Solidarity 
and UASA (collectively referred to as the "Unions") today. The increases agreed 
to are: 
 
Minimum wages at entry level: 10% 
 
Category 5 to 8 employees: 8.5% 
 
Miners, artisans and officials: 7.5% 
 
The wage agreement between Harmony and the Unions also include a profit share 
scheme, in which all employees in the bargaining unit will share on a quarterly 
basis. The profit share will be based on 1% of operating profits less capital 
expenditure from the Company's South African assets. 
 
Employees who participated in the strike will return to work later today. The 
Company estimates that approximately 500kg of production was lost during the 
strike. 
 
Graham Briggs, chief executive officer, commented: "It has been a tough 
negotiation process, but we have managed to reach agreement and avoid a 
protracted strike. We wish to thank the Unions for their understanding and also 
partnering with us in creating a sustainable mining industry." 
 
ends. 
 
2 August 2011 
 
For more details contact: 
 
Graham Briggs 
 
Chief Executive Officer 
 
[phone] (mobile) 
 
Marian van der Walt 
 
Executive: Corporate and Investor Relations 
 
[phone] (mobile) 
 
Corporate Office: 
 
Randfontein Office Park 
 
P O Box 2 
 
Randfontein 
 
South Africa 1760 
 
T [phone] 
 
www.harmony.co.za 
 
JSE: HAR 
 
NYSE: HMY 
 
ISIN No.: ZAE000015228 
 
Registration number: 1950/038232/06 
 
 
 
END