Gold Fields to Support Research Into New Industrial Uses for Gold

Apr 03, 2001, 01:00 ET from Gold Fields Limited from ,Mintek

    JOHANNESBURG, South Africa, April 3 /PRNewswire/ -- Gold Fields Limited
 (Nasdaq:   GOLD; JSE: GFI) and Mintek today announced the entry of Gold Fields
 into Project AuTEK, a pioneering initiative to pursue research into and the
 development of new industrial uses for gold.
     Chris Thompson, Chairman and Chief Executive of Gold Fields said; "Gold
 producers have in the past not spent enough time and money on developing new
 product applications for gold. Through this project we aim to explore the
 potential for gold and gold alloys to be used in catalytic and other new
 applications.  We believe there is substantial potential for gold to replace
 existing products and to create new ones.
     "Project AuTEK is a very exciting and significant step for the future of
 the gold market," Thompson said.
     Project AuTEK, which was first launched in June 2000, now has Gold Fields,
 AngloGold, and Mintek as primary partners.  The project has research
 affiliations with a number of institutions worldwide, including the
 Universities of Cape Town, Witwatersrand and the North in South Africa, as
 well as the LERCSI in France and the University of Leiden in The Netherlands.
     Dr Mike Cortie, manager of the Physical Metallurgy Division of Mintek
 said; "The entry of Gold Fields into the partnership will allow AuTEK to
 expand its focus from research into the use of gold in catalysts for the
 chemical industry, to include other applications such as the use of gold in
 advanced materials and devices."
     He added; "Gold has diverse useful and interesting technological
 properties.  However, it has only been discovered comparatively recently that
 it has great potency as a catalyst for many chemical reactions of commercial
 and environmental interest.  This breakthrough in understanding occurred more
 or less simultaneously at laboratories in Japan and Western Europe.  Research
 into gold-bearing catalysts is now an active topic in Europe, Japan, the USA,
 China and South Africa.  The first 12 months of Project AuTEK has focused on
 these applications.  However, we have been aware all along that gold has other
 actual and potential applications in advanced devices and components and, with
 the support from Gold Fields, Project AuTEK will be additionally directed at
 these new opportunities.  Of particular interest to us, and our partners at
 the universities of the Witwatersrand and the North, is that gold has actual
 or potential uses in the growing field of nanotechnology and in certain kinds
 of advanced materials and devices.  While these types of devices might only
 use a few hundred milligrams of gold a piece, their potential market runs to
 tens of millions of units and they could end up being a significant consumer
 of gold."
 
 

SOURCE Gold Fields Limited; Mintek
    JOHANNESBURG, South Africa, April 3 /PRNewswire/ -- Gold Fields Limited
 (Nasdaq:   GOLD; JSE: GFI) and Mintek today announced the entry of Gold Fields
 into Project AuTEK, a pioneering initiative to pursue research into and the
 development of new industrial uses for gold.
     Chris Thompson, Chairman and Chief Executive of Gold Fields said; "Gold
 producers have in the past not spent enough time and money on developing new
 product applications for gold. Through this project we aim to explore the
 potential for gold and gold alloys to be used in catalytic and other new
 applications.  We believe there is substantial potential for gold to replace
 existing products and to create new ones.
     "Project AuTEK is a very exciting and significant step for the future of
 the gold market," Thompson said.
     Project AuTEK, which was first launched in June 2000, now has Gold Fields,
 AngloGold, and Mintek as primary partners.  The project has research
 affiliations with a number of institutions worldwide, including the
 Universities of Cape Town, Witwatersrand and the North in South Africa, as
 well as the LERCSI in France and the University of Leiden in The Netherlands.
     Dr Mike Cortie, manager of the Physical Metallurgy Division of Mintek
 said; "The entry of Gold Fields into the partnership will allow AuTEK to
 expand its focus from research into the use of gold in catalysts for the
 chemical industry, to include other applications such as the use of gold in
 advanced materials and devices."
     He added; "Gold has diverse useful and interesting technological
 properties.  However, it has only been discovered comparatively recently that
 it has great potency as a catalyst for many chemical reactions of commercial
 and environmental interest.  This breakthrough in understanding occurred more
 or less simultaneously at laboratories in Japan and Western Europe.  Research
 into gold-bearing catalysts is now an active topic in Europe, Japan, the USA,
 China and South Africa.  The first 12 months of Project AuTEK has focused on
 these applications.  However, we have been aware all along that gold has other
 actual and potential applications in advanced devices and components and, with
 the support from Gold Fields, Project AuTEK will be additionally directed at
 these new opportunities.  Of particular interest to us, and our partners at
 the universities of the Witwatersrand and the North, is that gold has actual
 or potential uses in the growing field of nanotechnology and in certain kinds
 of advanced materials and devices.  While these types of devices might only
 use a few hundred milligrams of gold a piece, their potential market runs to
 tens of millions of units and they could end up being a significant consumer
 of gold."
 
 SOURCE  Gold Fields Limited; Mintek