| Fri 4 Sep 2009, 13:38 | | GFI - Gold Fields Sells Stake in Eldorado Gold for CAD323 Million |
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GFI
GOGOF
GFI - Gold Fields Sells Stake in Eldorado Gold for CAD323 Million
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
("Gold Fields" or "the Company")
JSE, NYSE, NASDAQ Dubai - Share Code: GFI
NYX Code: GFLB, and SWX Code: GOLI
ISIN: ZAE000018123
MEDIA RELEASE
Gold Fields Sells Stake in Eldorado Gold for CAD323 Million
Johannesburg, 4 September 2009: Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI) is pleased to announce that it has disposed of its holding in
Eldorado Gold Corporation (Eldorado). Gold Fields disposed of 27,824,654
Eldorado shares at CAD11, 61 per share for a total consideration of CAD323
million (approximately US$293 million*).
This share disposal does not impact Gold Fields` top-up right as negotiated with
Eldorado in connection with the sale to Eldorado of its 19,9% stake in Sino Gold
Mining Limited (Sino Gold). If Eldorado acquires in any manner an additional 5%
or more of the shares of Sino Gold during the 18 months ending in early December
2010, Gold Fields will receive a top-up should a higher price be paid in that
transaction than the original consideration of 48 Eldorado shares for every 100
Sino Gold shares.
The proceeds of this disposal will be used for debt repayments.
*Exchange rate: USD/CAD:1.1
ends
About Gold Fields
Gold Fields Limited is one of the world`s largest unhedged producers of gold
with attributable steady state production of approximately 3.6 million ounces
per annum from nine operating mines in South Africa, Peru, Ghana and Australia.
The company has total attributable ore reserves of 83 million ounces and mineral
resources of 251 million ounces. Gold Fields is listed on the JSE Limited
(primary listing), New York Stock Exchange (NYSE), NASDAQ Dubai Limited (NASDAQ
Dubai), NYSE Euronext in Brussels (NYX) and Swiss Exchange (SWX). For more
information please visit the Gold Fields website at www.goldfields.co.za.
Date: 04/09/2009 13:38:01 Produced by the JSE SENS Department.
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