Gold Fields Welcomes NORILSK As Largest Shareholde
Gold Fields Welcomes NORILSK As Largest Shareholder
Gold Fields Limited
SHARE CODE : GFI
ISIN CODE : ZAE000018123
MEDIA RELEASE
GOLD FIELDS WELCOMES NORILSK AS LARGEST SHAREHOLDER
Johannesburg, 29 March 2004: Gold Fields Limited (JSE, NYSE: GFI) was today
informed that Anglo American plc had sold its 20% stake in Gold Fields to MMC
Norilsk Nickel, through its wholly owned subsidiary Norimet Limited ("Norilsk").
Norilsk is a producer of base and precious metals, with its main products being
Nickel and Palladium. Norilsk also produces copper, cobalt, platinum, gold,
silver and other precious metals. Norilsk is headquartered in Moscow and is
listed in Moscow as well as via ADR programmes in New York, London and Berlin.
Ian Cockerill, Chief Executive Officer of Golf Fields said:
"This is a welcome new development which will bring certainty to the market in
Gold Fields shares, especially after the recent speculation about the intentions
of Anglo American."
"Norilsk has done a great deal and we trust we will make them as much money as
we did for Anglo American and all our other shareholders."
"Gold Fields and Norilsk today had preliminary discussions and we have agreed to
explore the potential for co-operation with regards to our respective gold
assets."
Gold Fields, one of the largest unhedged gold companies, has attributable annual
gold production of 4.33 million ounces, attributable mineral resources of 195
million ounces and attributable mineral reserves of 84 million ounces. It has
operations in South Africa, Australia and Ghana (West Africa) and exploration
projects in all of the major gold provinces of the world. Gold Fields also owns
100% of the 12 million ounce Arctic Platinum Project, an advanced stage PGM
project in Northern Finland. The company"s primary listing is on the
Johannesburg Securities Exchange in South Africa (GFI) with secondary listings
on the London, Euronext, Paris, Brussels, and Swiss exchanges. The company"s
American Depositary shares are listed on the New York Stock Exchange, also under
the symbol GFI.
- end-
Date: 29/03/2004 05:50:16 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
