Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, A Grigorian°, N J Holland
†
(Chief Financial Officer), J M McMahon
†
,
J G Hopwood, D M J Ncube, R L Pennant-Rea
†
, P J Ryan, T M G Sexwale, C I von Christierson
†
British,
#
Ghanaian, °Russian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fa +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
williej@goldfields.co.za
Nerina Bodasing
Tel +27 11 644-2630
Fax +27 11 484-0639
Nerina.bodasing@goldfields.co.z
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
camartin@gfexpl.com
MEDIA RELEASE
South African Competition Tribunal gives Gold Fields
permission to proceed with its proposed acquisition of
Western Areas Limited.
Johannesburg, November 22, 2006. Gold Fields Limited (Gold
Fields) (NYSE, JSE, DIFX: GFI) is pleased to announce that the South
African Competition Tribunal today gave Gold Fields permission to
proceed with its proposed acquisition of Western Areas Limited and
Barricks’ share of the South Deep Gold Mine.
Ian Cockerill, Chief Executive Officer of Gold Fields, said: “We are
delighted that all conditions precedent have now been met and that we
can move towards the successful completion of these transactions.”
“Following today’s ruling we can close the transaction with Barrick Gold
through which we will acquire their 50% stake in South Deep. Western
Areas shareholders can now also accept Gold Fields’ offer in terms of
which we aim to acquire all of those Western Areas shares which we
do not already own”, said Cockerill.
“The South Deep gold mine fits naturally with Gold Fields’ portfolio of
high quality, long-life assets. It makes commercial and operational
sense for South Deep to be in the Gold Fields stable as our expertise
and experience will enable us to extract maximum value for all
stakeholders, in line with our long-term strategy of sustainable growth”,
added Cockerill.
Gold Fields is one of the world's largest unhedged gold producers, with annual
gold production of approximately 4.1 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.
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