Harmony – Rand Refinery
Shareholders are referred to today’s announcement by Rand Refinery (refer www.randrefinery.com/media_press.htm), regarding a loan facility extended to it by certain of its shareholders, as a precautionary measure. This follows challenges encountered in the implementation of a new Enterprise Resource planning system at the refinery. Harmony Gold Mining Company Limited (“Harmony”) confirms its participation in the loan facility.
Harmony owns a 10.38% stake in the Rand Refinery and accounts for it on the equity accounting method as an associate. Harmony expects to make a R125 million provision against its investment in Rand Refinery, which will impact fourth quarter results scheduled for release on Thursday, 14 August 2014. Please refer to our website, www.harmony.co.za/investors.
For more details contact:
Henrika Ninham
Investor Relations Manager
+27 (0) 82 759 1775 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)