50NT Hsbc Bk. 25

RNS Number:6122R
Harmony Gold Mining Co Ld
18 February 2002



                          Harmony Gold Mining Co. Ltd.

                                  NEWS RELEASE


                        Harmony to keep Goldfields stake

For immediate release
Monday 18 February 2002



Johannesburg, 18 February 2002 - Harmony today announced that it was retaining
its stake of 9,8% in Auriongold Limited (previously Goldfields Limited of
Australia). This follows the lapsing of an exclusive option which was granted to
Gold Fields Limited of South Africa to negotiate the acquisition of its stake in
the Australian gold mining company. The exclusive option lapsed on the 15th
February 2002.

"For the moment the stake fits in with Harmony's growth plans for Australia and
remains valuable to the company," said chief executive Bernard Swanepoel. "As a
rule we do not invest in other peoples' dreams, but with this stake in
Auriongold, we will have a seat at the table in the future consolidation of the
gold industry, which will realise further value for our shareholders."

Harmony has also allowed the exclusive right to negotiate the purchase of the St
Helena and Oryx mines from Gold Fields Limited to lapse. The recent rise in both
the Dollar and Rand gold price has complicated the valuation of these assets and
agreement could therefore not be reached between the various parties. The
company has not ruled out the possible future acquisition of these assets.



Ends



For further details contact:

Ferdi Dippenaar
on +27(0)82-807-3684

Issued by Harmony Gold Mining Company Limited

Contact:
Corne Bobbert
Tel +27 11 411 2036
Fax +27 11 411 2169
Mobile +27 83 380 6614
E-mail: cbobbert@harmony.co.za

Web Site: www.harmony.co.za


Disclaimer

This presentation includes certain information that is based on management's
reasonable expectations and assumptions. These "forward-looking statements"
include, but are not limited to, statements regarding estimates, intentions and
beliefs, as well as anticipated future production, mine life, market conditions
and costs. While management has prepared this information using the best of
their experience and judgment, and in all good faith, there are risks and
uncertainties involved which could cause results to differ from projections.

Cautionary Note to US Investors - The United States Securities and Exchange
Commission (the "SEC") permits mining companies, in their filings with the SEC,
to disclose only those mineral deposits that a company can economically ad
legally extract or produce. We use certain terms in this quarterly review, such
as "resources", that the SEC guidelines strictly prohibit us from including in
our filings with the SEC. U.S. Investors are urged to consider closely the
disclosure in our public filings with the SEC available from us at Harmony Gold
Mining Company Limited, P.O. Box 2, Randfontein, 1760, South Africa, Attention:
Mr. Ferdi Dippenaar, Commercial Director. You can also obtain these filings from
the SEC by calling 1-800-SEC-0330.



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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