Harmony/ARM Joint Venture
24 Ottobre 2001 - 11:04AM
UK Regulatory
RNS Number:0599M
Harmony Gold Mining Co Ld
24 October 2001
JOINT ANNOUNCEMENT
For immediate release For further details contact Bernard Swanepoel
Tuesday 23 October 2001 on +27(0)83-303-9922 or Chris Thompson
on +27(11) 644-2527 or Patrice Motsepe
on +27(0)82-560-0930
JOINT ANNOUNCEMENT BY GOLD FIELDS LTD,
HARMONY GOLD MINING CO LTD AND AFRICAN RAINBOW MINERALS
Johannesburg, 23 October 2001- In support of the much needed consolidation
process in the Free State region, Gold Fields Ltd. has granted the ARM/Harmony
Joint Venture an exclusive option to negotiate the possible disposal of the
St. Helena and Oryx mines to the ARM/Harmony JV. Gold Fields has further
indicated that they have had discussion with respect to providing the partial
funding requirements of the JV if required.
Harmony in return has granted Gold Fields Ltd. an exclusive option to
negotiate the acquisition of 19.9% of Harmony's current 22.96 stake in
Goldfields Limited of Australia. Gold Fields Ltd. also owns some 3,7 million
Western Areas shares which may form part of the consideration for such a
transaction.
Ends
Issued by Harmony Gold Mining Company Limited. Contact: Corne Bobbert,
Tel +27 11 412 1450, Fax +27 11 692 3879, Mobile +27 83 380 6614
e-mail: cbobbert@harmony.co.za
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