Issued by Harmony Gold
Mining Company Limited
14 September 2009
For more details contact:
Nick Altini
Cliffe Dekker Hofmeyr
on +27(0)83 556 5223
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE: HAR
NYSE: HMY
NASDAQ: HMY
ISIN No.: ZAE000015228
Harmony and DRDGOLD settle their excessive pricing case with ArcelorMittal
Johannesburg. Monday, 14 September 2009.
Harmony Gold Mining Company
Limited (Harmony) and DRDGOLD Limited (DRDGOLD) announced today that they
have withdrawn their excessive pricing complaint against ArcelorMittal South Africa
Limited (ArcelorMittal).
The complaint was initially lodged with the Competition Commission in 2002, with the
substance of the complaint being that ArcelorMittal (or ISCOR as it was then known)
abused its dominant position in the South African flat steel market by charging
excessive prices, to the detriment of consumers, in contravention of section 8(a) of
the Competition Act, 1998.
Harmony and DRDGOLD withdrew their complaint, which remained unresolved after
several years of litigation, following the conclusion of a settlement agreement with
ArcelorMittal. The terms of the settlement agreement are confidential and will not be
made public. The settlement agreement reached will permit the gold miners to focus
their energies and resources on their core businesses, and represents a satisfactory
outcome to the matter for them.
ends.