GFI
GOGOF
Gold Fields Limited - Gold Fields Increases Stake in Western Areas to 15.47%
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
Share Code: GFI
ISIN Code: ZAE000018123
MEDIA RELEASE
Gold Fields Increases Stake in Western Areas to 15.47%
Johannesburg, 19 May 2006: Gold Fields Limited (Gold Fields) (NYSE: GFI; JSE:
GFI) is pleased to announce that it has acquired an additional 18.27 million
Western Areas Limited shares, at a price of R40-00 per share. This acquisition,
completed on Wednesday, 18 May, 2006, brings Gold Fields" total stake in Western
Areas to 23.27 million shares, or 15.47% of that Company"s total issued share
capital.
Ian Cockerill, Chief Executive Officer of Gold Fields said: "South Deep is a
very significant gold project and we are pleased to have increased our exposure
to it through this purchase. We believe that there is significant potential for
regional cooperation between our Kloof Gold Mine and South Deep, in particular,
as it relates to the Phase Two development of that ore body, as we have stated
on numerous previous occasions. We aim to play a role in achieving that
cooperation."
Western Areas owns 50% of the developing South Deep gold mine, adjacent to Gold
Fields" Kloof Gold Mine, near Westonaria in South Africa. The other 50% of South
Deep is owned by Barrick Gold of Canada.
Gold Fields is one of the world"s largest unhedged gold producers, with annual
gold production of approximately 4.2 million ounces from mines in South Africa,
Ghana, Australia and Venezuela, as well as a developing mine at Cerro Corona in
Peru. The Company has ore reserves of 65 million ounces and mineral resources of
179 million ounces. Gold Fields has its primary listing on the Johannesburg
Securities Exchange and secondary listings on the NYSE, LSE, Euronext in Paris
and Brussels, and on the Swiss Exchange. All of Gold Fields" operations are ISO
14001 certified.
Enquiries:
South Africa
Willie Jacobsz
Mobile 082 493 1377
Nerina Bodasing
Mobile 082 940-7505
North America
Cheryl Martin
+ 1 303 796-8683
Date: 19/05/2006 08:21:52 AM Produced by the JSE SENS Department
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