GFI - Gold Fields - Gold Fields Acquires An Additi
GFI
GOGOF
GFI - Gold Fields - Gold Fields Acquires An Additional 16.2 Moz Adjacent To
South Deep
MEDIA RELEASE
Gold Fields Limited
Incorporated in the Republic of South Africa
Registration number 1968/004880/06
Share code: GFI
Issuer code: GOGOF
ISIN: ZAE000018123
GOLD FIELDS ACQUIRES AN ADDITIONAL 16.2 MOZ ADJACENT TO SOUTH DEEP
Johannesburg, 27 July 2007: Gold Fields Limited ("Gold Fields") (NYSE, JSE,
DIFX: GFI) is pleased to announce that agreement has been reached in terms of
which JCI Limited (JCI) and Randgold & Exploration Company Limited (R&E) will
relinquish certain rights which they have to ground contiguous to South Deep
Gold Mine (South Deep) for a consideration of R400 million plus VAT.
The agreement is subject to, inter alia, the approval of shareholders
representing at least 50% of the shares entitled to vote at general meetings of
both JCI and R&E. The JCI and R&E shareholders meetings are expected to take
place during the last week of September.
Irrevocable undertakings of support for the proposed transaction have been
received from shareholders representing 57% of JCI shares and 52% of R&E shares
entitled to vote at the respective meetings.
The transaction, if implemented, will result in Western Areas Limited (a 100%
subsidiary of Gold Fields Limited) owning 74% of a company which holds the
exploration rights to the ground in question, with Peotona Gold, a black
empowerment company, holding the balance.
It is estimated that the contiguous ground, immediately to the East of South
Deep, contains an indicated resource of approximately 16.2 million ounces of
gold at a cut off grade of 5 grams per ton. This ground could be accessed
through the existing South Deep Infrastructure.
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Date: 27/07/2007 16:39:01 Produced by the JSE SENS Department.
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