Company announcements Home » Investors » News » Company announcements » Closure of Virginia operations’ Harmony 2, Merriespruit 1 and Merriespruit 3 shafts 2010 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Closure of Virginia operations’ Harmony 2, Merriespruit 1 and Merriespruit 3 shaftsApril 16, 2010Johannesburg. Friday, 16 April 2010. Harmony Gold Mining Company Limited announced that following careful review of the performance of its Harmony 2, Merriespruit 1 and Merriespruit 3 shafts (all part of the Virginia operations), these assets have no remaining payable reserves and their closure has begun. This action is in line with Harmony’s stated strategy to restructure for quality ounces, thereby improving its asset mix. Employee representatives, through their trade unions, have been informed of the closures and management will embark on a formal consultation process with them, facilitated by a senior commissioner from the Commission for Conciliation, Mediation and Arbitration (CCMA) in terms of Section 189A of the Labour Relations Act, to consider alternatives to retrenchments. The number of employees affected by the closure is approximately 3 700. Every effort will be made to mitigate the effects of closure. Steps to be considered may include transfers to other operations in the group, portable skills training and early retirement. “While these operations have been in existence for almost 60 years and are very much a part of Harmony’s history, we have taken a thorough, informed decision that they have reached the end of their lives. We have indicated for some time that marginal, loss-making operations would have to close for the company’s greater good,” said Harmony CEO Graham Briggs. For more details contact: Graham BriggsChief Executive Officer+27(0)83 265 0274 Marian van der Walt Executive : Corporate and Investor Relations +27 (0)82 888 1242
