| Fri 25 Jan 2008, 11:38 | | GFI - Gold Fields - Mining and Processing Suspended at All South |
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GFI
GOGOF
GFI - Gold Fields - Mining and Processing Suspended at All South
African Operations
Gold Fields Limited
(Registration Number 1968/004880/06)
("Gold Fields ")
Share Code: GFI
ISIN: ZAE000018123
MEDIA RELEASE
Mining and Processing Suspended at All South African Operations
Johannesburg, Friday, January 25, 2008: Gold Fields Limited ("Gold Fields")
(NYSE, JSE, DIFX: GFI) reports all mining activities have been suspended at its
South African Operations.
This is due to Eskom requesting their Key Industrial Consumers (KIC) of which
Gold Fields is one, to reduce its consumption to the minimum load possible.
This communication was received yesterday evening.
A decision was taken to put no shifts down last night and no shifts were put
down this morning. Eskom has indicated that "KIC loads will be reduced to
`survival levels` or switched out totally for the next two to four weeks."
"This will have a serious effect on the South African operations and will
negatively affect our gold production. The South African Operations produce
approximately 7000 ounces per day. We are looking at ways to continue
operations and will work closely with Eskom to try and resolve this problem"
said Ian Cockerill, Chief Executive Officer of Gold Fields.
ends
Enquiries
Willie Jacobz
Tel: 011-644-2460
Mobile: 082 493 1377
About Gold Fields
Gold Fields Limited is one of the world`s largest unhedged producers of gold
with attributable production of more than four million ounces per annum from
eight operating mines in South Africa, Ghana and Australia.
A ninth mine, the Cerro Corona Gold/Copper mine in Peru, is expected to commence
production by mid 2008 at an initial rate of approximately 400,000 gold
equivalent ounces per annum.
The company has total attributable ore reserves of 92 million ounces and mineral
resources of 252 million ounces.
Gold Fields employs some 47,000 permanent employees across its operations and is
listed on the JSE Limited South Africa (primary listing), the New York Stock
Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
All of Gold Fields` operations are ISO14001 certified. For more information
please visit the Gold Fields website at www.goldfields.co.za.
Date: 25/01/2008 11:38:51 Produced by the JSE SENS Department.
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