GOLD FIELDS
Gold Fields To Retain St Helena and Oryx
Johannesburg, Monday, 18 February 2002: Gold Fields Limited (JSE - GFI;
Nasdaq - GOLD) today announced that it had allowed the exclusive option
granted to Harmony Gold Mining Company Limited to negotiate the acquisition
of St Helena and Oryx Gold Mines in the Free State, to lapse.
Chris Thompson, Chairman and Chief Executive Officer of Gold Fields said:
"At current gold prices St Helena and Oryx Gold Mines are valuable
contributors to earnings."
In addition, the exclusive option granted to Gold Fields by Harmony to
negotiate the acquisition of its 9.8% stake in Auriongold Limited (formerly
Goldfields Limited of Australia) had also lapsed. Both options lapsed on 15
February 2002.
"Our recent acquisition of St Ives and Agnew Gold Mines in Australia has
given Gold Fields a solid and highly prospective platform for growth in that
country. In the near term our focus is to realise the full potential of
those assets. Regrettably the Auriongold assets are to enthusiastically
priced for us," said Thompson.
"Both decisions are consistent with our strong track record of doing only
deals that make sense for Gold Fields' shareholders," he added.
end
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