GFI
GOGOF
GFI - Gold Fields Limited - Correction to media release
Gold Fields Limited
(Reg. No. 1968/004880/06)
(Incorporated in the Republic of South Africa)
("Gold Fields" or "the Company")
JSE, NYSE, DIFX Share Code: GFI
ISIN Code: ZAE000018123
MEDIA RELEASE
GOLD FIELDS STAKE IN GOLD FIELDS LA CIMA INCREASES TO 98.5%
Johannesburg, 19 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 (was 87.6 previously) 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."
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).
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
E-mail: Willie.Jacobsz@gfexpl.com
Nikki Catrakilis-Wagner
Tel: +27 11 562-9706
Mobile: +27 83 309-6720
E-mail: Nikki.Catrakilis-Wagner@goldfields.co.za
Media Enquiries
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260-9279
E-mail: Sven.Lunsche@goldfields.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 19/04/2011 10:49:01 Produced by the JSE SENS Department.
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