TIDMHRM
HARMONY
PRESS RELEASE
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withdrawn their excessive pricing complaint against ArcelorMittal South Africa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.
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 HAR
NYSE: HMY
NASDAQ: HMY
ISIN No.: ZAE000015228
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