Unlawful Strike Action at KDC West and Beatrix
JOHANNESBURG, Sept. 25, 2012 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to confirm that, notwithstanding press reports to the contrary, the unlawful and unprotected strike at the West Section of the KDC Gold Mine (KDC West, formerly Driefontein) on the West Rand in South Africa continues. The strike started on 9 September 2012.
In addition the employees at the Beatrix Mine in the Free State have also commenced with an unlawful and unprotected strike. The strike started at the West Section of Beatrix (formerly Oryx Mine) on Friday, 21 September 2012, and spread to the rest of the mine on Monday, 24 September 2012.
The large majority of the 15,000 employees at KDC West and 9,000 employees at Beatrix are participating in the unlawful strikes and production has been halted at both operations.
The Company has received urgent interdicts for KDC West as well as Beatrix West, and is applying for an interdict for the remainder of the Beatrix mine. The Company is evaluating all options to deal with the unlawful strikes.
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