| Wed 1 Dec 2010, 9:29 | | GFI - Gold Fields - Gold Fields Sponsor University of Johannesburg Mining |
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GFI
GOGOF
GFI - Gold Fields - Gold Fields Sponsor University of Johannesburg Mining
Engineering
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
("Gold Fields" or "the Company")
JSE, NYSE, DIFX Share Code: GFI
ISIN Code: ZAE000018123
MEDIA RELEASE
GOLD FIELDS SPONSOR UNIVERSITY OF JOHANNESBURG MINING ENGINEERING
Johannesburg, 1 December 2010: Gold Fields Limited (Gold Fields) (JSE, NYSE,
NASDAQ Dubai: GFI) yesterday announced an R8 million, three-year investment in
the mining engineering faculty of the University of Johannesburg.
The sponsorship aims to forge an alliance between Gold Fields and the university
to promote the study of mining engineering and technology, core skills required
to sustain not only the company itself but the local mining industry as a
collective.
The announcement comes amid a renewed sense of urgency amongst industry and
government to address the lack of high level, scarce skills in the country. The
slow supply of graduates is compounded by the departure of established mining
engineers and senior technical staff due to emigration and retirement.
Nick Holland, Chief Executive Officer of Gold Fields, said: "The industry is
currently facing a skills gap crisis. The partnership with the University of
Johannesburg will help ensure that we create a pipeline of qualified graduates
who can benefit Gold Fields and the industry in general."
Professor Ihron Rensburg, Vice-Chancellor of the University of Johannesburg
added: "This partnership provides a meaningful learning experience to the
nation`s brightest young minds. It is encouraging to see Gold Fields forge
partnerships that contribute to the development of the industry it operates in."
In terms of the sponsorship agreement, the university will receive a once off
capital injection of R2m followed by R2m a year for three years. In return Gold
Fields is afforded naming right status for the infrastructure that it sponsors -
including a new mining laboratory - as well as participation in the mining
faculty`s advisory committee.
The sponsorship is in addition to a range of other educational initiatives
undertaken by Gold Fields. Last year the company spent around R165 million on
education in South Africa.
-ends-
For more information from the University of Johannesburg, contact Herman
Esterhuizen, Coordinator: Media Relations, University of Johannesburg at tel:
+27 11 559-6653 or email: hermane@uj.ac.za
ends
Notes to editors
About Gold Fields
Gold Fields is one of the world`s largest unhedged producers of gold with
attributable production of 3.5 million gold equivalent ounces per annum from
nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields
also has an extensive growth pipeline with both greenfields and nearmine
exploration projects at various stages of development. Gold Fields has total
attributable gold equivalent Mineral Reserves of 78 million ounces and Mineral
Resources of 281 million ounces. Gold Fields is listed on JSE Limited (primary
listing), the New York Stock Exchange (NYSE), the NASDAQ Dubai Limited, the
Euronext in Brussels (NYX) and the Swiss Exchange (SIX).
Sponsor: J.P. Morgan Equities Limited
Date: 01/12/2010 09:29:02 Produced by the JSE SENS Department.
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