HARMONY GOLD MINING -- HGMCY Message Board

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Gold/Mining/Energy : HARMONY GOLD MINING -- HGMCY

HMY 16.11

-4.7%

Nov 20 3:59 PM EST

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To: POLARBEAR who wrote (47)	2/7/2001 1:19:16 AM
From: Bob Dobbs	Read Replies (1) of 271

Harmony secures financing for the acquisition of the Elandsrand and Deelkraal mines as well as New Hampton Goldfields Limited ("New Hampton") Harmony is pleased to announce that it has secured commitments from a group of banks to provide the necessary financing for the acquisition of the Elandsrand and Deelkraal mines, the announced bid for Australian based New Hampton and to refinance existing indebtedness. The financing is subject inter alia to South African Reserve Bank approval. The Arrangers are Absa Bank Limited, ANZ Investment Bank, BoE Bank Limited, Citibank, N.A. and JP Morgan plc. As part of the process of securing these commitments, Harmony has completed price protection arrangements for an initial period of 12 months through the purchase of 1 million ounces of put options at a strike price of approximately R64 000 per kilogram. This arrangement will protect Harmony from potential adverse movements in the gold price, whilst ensuring that the Company is able to fully participate in any increase in the gold price. Harmony Gold Mining Company Limited (Registration number 1950/038232/06) ("Harmony" or "the Company") Virginia 6 February 2001

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