Company Announcement: Harmony and the unions moving one step closer to reaching agreement
30th January 2013
Harmony Gold Mining Company Limited advises that a second meeting was held today in terms of section 189 of the Labour Relations Act, 66 of 1995 between Harmony and its Kusasalethu employees represented by the National Union of Mineworkers, Association of Mineworkers and Construction Union, Solidarity and UASA. The Unions have accepted Harmony’s rationale for issuing the section 189 in terms of the LRA, which may lead to the possible closure of the mine and the possible retrenchment of all employees. Although the temporary closure of Kusasalethu due to safety and security reasons remains in place, the conditions under which the mine could be re-opened were discussed. “We have made some progress today and we are one step closer to finding a sustainable solution to re-opening Kusasalethu. However, the mine remains closed until an agreement has been reached and all the conditions of re-opening it have been agreed upon and committed to by all the unions and other stakeholders involved”, said Graham Briggs, chief executive officer of Harmony. The next meeting has been scheduled for the 6th of February 2013. Bilateral discussions between the parties will continue in the interim.
Feb 6th should wrap up the negotiations. They are basically in agreement as of a few days ago. They just need to tie up loose ends at this point. Look for a jump of 50-75 cents over the next two weeks.