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Harmony Gold Mining Company Ltd (HARJ.J)

HARJ.J on Johannesburg Stock Exchange

4,707.00ZAc
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Harmony Gold Mining Company Ltd - South Africa's AMCU union votes to strike in gold sector - Reuters
Saturday, 10 Oct 2015 08:00pm EDT 

Harmony Gold Mining Company Ltd:South Africa's Association of Mineworkers and Construction Union (AMCU) voted on Sunday to strike at the operations of AngloGold Ashanti, Harmony Gold and Sibanye Gold - Reuters."The whole gold sector has voted for a strike," AMCU President Joseph Mathunjwa said after a crowd of about 5,000 miners voted by a show of hands - Reuters.AMCU, which lead a bruising five-month strike last year in the platinum sector, is known for its uncompromising stance, and has not backed down from its original demand for a more than doubling of basic wages to 12,500 rand a month - Reuters.The vote will not lead to an immediate stoppage - Reuters.Only at Sibanye does the AMCU have a clear path to a strike that would not be deemed wildcat - Reuters.The Chamber of Mines has said Harmony and AngloGold will go to court to prevent AMCU from striking because they have signed wage deals with three other unions representing most of their workers - Reuters.The industry says this means they can apply the same agreement to the rest of their workforce. This happened two years ago in the gold sector, when AMCU was forced to accept agreements signed by other unions - Reuters.  Full Article

Harmony Gold Mining Company Ltd says has reached a three-year wage agreement with unions
Thursday, 1 Oct 2015 08:00pm EDT 

Harmony Gold Mining Company Ltd:Harmony and unions reach fair and reasonable wage agreement.Has reached a three year wage agreement with National Union of Mineworkers, UASA and Solidarity, effective from 1 July 2015.Also agreed to incorporate Rock Drill Operators' (RDOS) allowance of R400 into basic pay and other operators' allowance of R250.Increases range from 6% for miners, artisans and officials to 10.4% for category 4 employees.Increase will ensure category 4 to 8 employees and B-lower officials will immediately receive increase of R600 per month, to be back-dated to 1 July 2015.Association of Mineworkers and Construction Union (AMCU) has rejected offers made by company.  Full Article

Harmony Gold Mining Company Ltd - South African unions split on gold sector wage offer - Reuters
Monday, 14 Sep 2015 08:00pm EDT 

Harmony Gold Mining Company Ltd:South African unions were on Tuesday divided on whether to accept the latest wage increase offer from gold producers, raising the risk of strikes in a sector suffering from low prices and rising costs - Reuters.The National Union of Mineworkers (NUM) recommended its members accept the wage increase offer of around 14 percent, or up to 800 rand ($60) per month, for the lowest paid workers, plus benefits like medical care and pension contributions - Reuters.However, The Association of Mineworkers and Construction Union (AMCU), which rivals NUM as South Africa's biggest mining union, rejected the offer - Reuters.Gold producers AngloGold Ashanti, Harmony Gold, Sibanye Gold and Evander Gold Mines said the offer was generous - Reuters.A smaller union, the United Association of South Africa, said it had accepted the latest offer in principle, while Solidarity, a union representing skilled workers, said it agreed to a separate six percent wage increase - Reuters.  Full Article

Harmony Gold Mining Company Ltd gives Q4 2015 and FY 2015 production guidance
Wednesday, 15 Jul 2015 05:40am EDT 

Harmony Gold Mining Company Ltd:Gold production during Q4 2015 quarterly is likely to be 4 pct to 5 pct higher quarter-on-quarter.While gold production for FY15 is estimated to be at 1.08 mln ounces.  Full Article

Harmony Gold Mining Company Ltd announces fatality at Unisel mine
Tuesday, 7 Apr 2015 03:00am EDT 

Harmony Gold Mining Company Ltd:Regrets to advise that an employee was fatally injured in an engineering related accident while performing maintenance work at Unisel mine near Welkom on April 4, 2015.Production at the mine has been stopped and an investigation into the accident is underway.  Full Article