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Hsbc Bk. 25 | LSE:50NT | London | Medium Term Loan |
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RNS Number:6122R Harmony Gold Mining Co Ld 18 February 2002 Harmony Gold Mining Co. Ltd. NEWS RELEASE Harmony to keep Goldfields stake For immediate release Monday 18 February 2002 Johannesburg, 18 February 2002 - Harmony today announced that it was retaining its stake of 9,8% in Auriongold Limited (previously Goldfields Limited of Australia). This follows the lapsing of an exclusive option which was granted to Gold Fields Limited of South Africa to negotiate the acquisition of its stake in the Australian gold mining company. The exclusive option lapsed on the 15th February 2002. "For the moment the stake fits in with Harmony's growth plans for Australia and remains valuable to the company," said chief executive Bernard Swanepoel. "As a rule we do not invest in other peoples' dreams, but with this stake in Auriongold, we will have a seat at the table in the future consolidation of the gold industry, which will realise further value for our shareholders." Harmony has also allowed the exclusive right to negotiate the purchase of the St Helena and Oryx mines from Gold Fields Limited to lapse. The recent rise in both the Dollar and Rand gold price has complicated the valuation of these assets and agreement could therefore not be reached between the various parties. The company has not ruled out the possible future acquisition of these assets. Ends For further details contact: Ferdi Dippenaar on +27(0)82-807-3684 Issued by Harmony Gold Mining Company Limited Contact: Corne Bobbert Tel +27 11 411 2036 Fax +27 11 411 2169 Mobile +27 83 380 6614 E-mail: cbobbert@harmony.co.za Web Site: www.harmony.co.za Disclaimer This presentation includes certain information that is based on management's reasonable expectations and assumptions. These "forward-looking statements" include, but are not limited to, statements regarding estimates, intentions and beliefs, as well as anticipated future production, mine life, market conditions and costs. While management has prepared this information using the best of their experience and judgment, and in all good faith, there are risks and uncertainties involved which could cause results to differ from projections. Cautionary Note to US Investors - The United States Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically ad legally extract or produce. We use certain terms in this quarterly review, such as "resources", that the SEC guidelines strictly prohibit us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our public filings with the SEC available from us at Harmony Gold Mining Company Limited, P.O. Box 2, Randfontein, 1760, South Africa, Attention: Mr. Ferdi Dippenaar, Commercial Director. You can also obtain these filings from the SEC by calling 1-800-SEC-0330. This information is provided by RNS The company news service from the London Stock Exchange
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