Directors:
M A Ramphele (Chair), N J Holland
†
** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), K Ansah
#
, C A Carolus,
R Dañino*, A R Hill
≠
, R P Menell, M S Moloko, D N Murray, D M J Ncube, R L Pennant-Rea
†
,
C I von Christierson, G M Wilson
†
British,
≠
Canadian,
#
Ghanaian, *Peruvian, ** Executive Director
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562-9700
Fax +27 11 562-9838
www.goldfields.co.za
Enquiries
Investor Enquiries
Willie Jacobsz
Tel
+508 839-1188 Mobile +857 241-7127
email
Willie.Jacobsz@
gfexpl.com
Nikki Catrakilis-Wagner
Tel
+27 11 562-9706
Mobile
+27 (0) 83 309-6720
email
Nikki.Catrakilis-Wagner@
goldfields.co.za
Media Enquiries
Sven Lunsche
Tel
+27 11 562-9763
Mobile +27 (0) 83 260-9279
email
Sven.Lunsche@
goldfields.co.za
M E D I A R E L E A S E
GOLD FIELDS STAKE IN GOLD FIELDS LA CIMA
INCREASES TO 98.5%
Johannesburg, 18 April 2011. Gold Fields Corona (BVI) Limited
(“Gold Fields Corona”), a wholly owned subsidiary of Gold Fields Limited
(NYSE and JSE: GFI) today announced that it had increased its stake in
Gold Fields La Cima S.A.A. (La Cima) from 80.7% to 98.5% following a
voluntary offer to minorities in La Cima to acquire their shares at a cost
of US$379 million.
Gold Fields Corona announced a voluntary offer to acquire the
outstanding common shares and investment shares of Gold Fields La
Cima on 22 March 2011. The offer was for the 8% of the common
shares not already owned by Gold Fields Corona and for 100% of the
investment shares. The offer closed on Friday, 15 April 2011.
Gold Fields Corona’s economic interest in La Cima is now:
•
1,244.1 million common shares or 99% of total common shares
•
167.1 million investment shares or 95.1% of the total Investment
shares.
La Cima owns the Cerro Corona gold and copper mine in the
Cajamarca district of Peru, which has gold-equivalent Mineral Reserves
of 5.3 million ounces and has been in production since 2008. It
produces about 400,000 gold-equivalent ounces a year.
Nick Holland, Chief Executive Officer of Gold Fields Limited, said: “This
increases our stake in a world-class mine we know and understand and
gives us access to an additional 1 million ounces of long-life, low cost
ounces. We are pleased with the outcome, which brings us closer to
our strategic vision of owning 100% of the assets in our portfolio.”
ends
Notes to editors
About Gold Fields
Gold Fields is one of the world’s largest unhedged producers of gold with attributable
annualised production of 3.6 million gold equivalent ounces from eight operating mines in
Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global
growth pipeline with four major projects in resource development and feasibility, with
construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable
gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of 225.4
million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock
Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss
Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited