Gold Fields Limited: KDC West Embarks on an Unlawful and Unprotected Strike
JOHANNESBURG, Sept. 10, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to announce that employees of the West Section of the KDC Gold Mine (KDC West, formerly Driefontein) on the West Rand in South Africa have been engaging in an unlawful and unprotected strike since the start of the night shift last night, Sunday, 9 September 2012. The strike continued into the morning shift today.
Approximately 15,000 employees are participating in the strike and all production at KDC West has been suspended as a result.
The senior leadership of Gold Fields' South Africa Region and KDC are on the mine engaging with the striking employees, the various Unions and other structures, with a view to finding a speedy and peaceful resolution to the unlawful strike.
Peter Turner, Executive Vice President and Head of Gold Fields' South Africa Region, said: "At this stage the reason for the strike remains unclear but we hope to gain clarity as soon as possible. The situation on the mine has been calm and peaceful since the start of the strike and we appeal to all stakeholders to continue to act with restraint and to engage in good faith. It is important that we restore normality in a peaceful manner and as soon as possible."
The company will today apply for an urgent interdict to bring the unlawful and unprotected strike to an end.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable gold equivalent Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited