Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, G J Gerwel, 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.za
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
camartin@gfexpl.com
MEDIA RELEASE
Power shortages in Ghana
Johannesburg, August 31, 2006.
Gold Fields Limited (Gold Fields)
(NYSE: GFI; JSE: GFI) said today that Gold Fields Ghana (GFG) has
been advised by the Volta River Authority (VRA) to reduce its power
consumption by approximately 50 per cent due to low water levels in
the Volta Dam which are affecting hydro-electric power generation in
Ghana. GFG operates the Tarkwa and Damang mines situated in
south western Ghana.
GFG has the capacity to reduce its portion of electricity consumption
from grid power through utilizing emergency diesel powered generators
situated at the Damang and Tarkwa mines. Operating all of this
generating capacity over a full month would add a total of
approximately US$4 million to operating costs.
GFG will continue its discussions, through the Ghanaian Chamber of
Mines, with the VRA to help mitigate potential disruptions to power
supply. In addition, GFG are assisting the VRA in expediting the
rewind and return of a generator rotor for the thermal powered
Aboadze Power Station in Takoradi. The VRA has said it will continue
to monitor the situation and review it on a fortnightly basis.
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.
ends
Enquiries:
Andrew Davidson
+27 11 644-2638
Nerina Bodasing
+27 11 644-2630
Cheryl Martin
(303) 796-8683