Gold Fields Limited - Gold Fields announces that it has increased its total
indirect stake in Medoro Resources Ltd. to 13.4%
GOLD FIELDS LIMITED
SHARE CODE: GFL
ISIN: ZAE000014270
GOLD FIELDS ANNOUNCES THAT IT HAS INCREASED ITS TOTAL INDIRECT STAKE IN MEDORO
RESOURCES LTD. TO 13.4%
Johannesburg, South Africa - January 19, 2005: Gold Fields Limited (JSE and
NYSE: `GFI`) announces that its indirect wholly-owned subsidiary, Orogen Holding
(BVI) Limited, has purchased 7,692,307 common shares of Medoro Resources Ltd.
(TSXV and AIM: `MRL`) in a non-brokered private placement. The shares represent
8.1% of the issued and outstanding common shares of Medoro. The shares have
been acquired for investment purposes.
In April 2004, Orogen purchased 5,000,000 common shares of Medoro, which
together with the newly purchased shares brings Gold Fields` total indirect
stake in Medoro to 13.4%. While Orogen has no current intention to acquire
additional securities of Medoro in the immediate future, Orogen may increase or
decrease its interest in Medoro at prices which it determines to be attractive
at any time.
Medoro Resources Ltd. is a junior gold exploration and development company
focussed on opportunities in Sardinia, Italy and elsewhere in Europe through
joint ventures with strategic partners.
Gold Fields Limited is one of the world`s largest unhedged producers of gold,
with attributable production of 4.2 million ounces per annum, mineral reserves
of 75.6 million ounces and mineral resources of 179 million ounces. The company
is listed on the JSE Securities Exchange (primary listing), NYSE, LSE, Euronext
in Paris and Brussels, as well as on the Swiss Exchange.
Enquiries:
Gold Fields Limited
Willie Jacobsz Cheryl Martin
Senior Vice President Vice President, North
Investor Relations American Investor Relations
williej@goldfields.co.za camartin@gfexpl.com
Phone +27 11 644-2460 Phone +1 303 796-8683
Fax +27 11 484-0639
Orogen Holding (BVI) Limited
9 Columbus Centre
Pelican Drive, Road Town, Tortola
The British Virgin Islands
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