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Harmony Gold operations back to normal

Johannesburg - Operations at all the mines under Harmony Gold were back to normal, the company said on Monday.

"[Harmony] is pleased to advise that operations at all of its mines were normalised, with effect from the night shift on 8 September 2013," it said in a statement.

The National Union of Mineworkers on Sunday said disgruntled workers, who embarked on a strike last Tuesday, had accepted a new wage offer.

The Chamber of Mines SA which represents gold producers, presented a revised offer on Wednesday.

The gold mining companies are AngloGold Ashanti, Gold Fields, Rand Uranium, Harmony Gold, Evander Gold, Sibanye Gold, and Village Main Reef.

Under the two-year offer, category four and five employees, and rock drill operators would receive increases of eight percent and other employees 7.5%, with effect from July 1.

Employees would also receive inflation-linked increases with effect from July 1 next year.

The current monthly living out allowance of R1640 increased to R2000.

Evander Gold and Village Main Reef reached an agreement with the NUM and the United Association of SA on Wednesday. Graham Briggs, CEO of Harmony, said the strike would have an impact on the company's performance for the quarter, and on employees' earnings.

"Nonetheless, we are pleased to have reached a resolution."

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