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.z
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
camartin@gfexpl.com
M E D I A
R E L E A S E
South African Government Approves All Gold Fields’
Mining Licenses
Johannesburg, 10 November 2006: Gold Fields Limited (Gold Fields) (NYSE:
GFI; JSE: GFI; DIFX: GFI) is pleased to announce that the South African
Department of Minerals and Energy has formally approved the conversion of
the company’s old-order mining licenses into new order licenses. This applies
to all three of the Company’s operating mines in South Africa: the Driefontein,
Kloof and Beatrix gold mines.
Ian Cockerill, Chief Executive Officer of Gold Fields, said: “The conversion of
our mining licenses is a significant milestone for Gold Fields and is a reflection
of our commitment to South Africa and, in particular, to the transformation of
our company and industry. I thank all of our stakeholders who have assisted
us in this process, for their hard work and for sharing our vision for the future.”
“Now that we have secured our South African mining licenses for the life of
our mines, we can concentrate on growing and developing our company to
the benefit of all of our stakeholders. To this end we recently announced
additional new capital investments of more than R25 billion into South Africa,
which will ensure that we remain the premier gold producer in South Africa for
at least the next 30 years,” added Cockerill.
In order to convert old order mining licenses into new order licenses,
companies must meet the requirements of the Mineral and Petroleum
Resources Development Act (MPRDA) 28 of 2002, which was enacted in May
2004, as well as the Broad Based Socio-Economic Empowerment Charter for
the South African Mining Industry and the associated Scorecard for the Mining
Industry.
The South African Minister of Minerals and Energy, Ms Buyelwa Sonjica, said:
“The government of South Africa welcomes the bold step taken by Gold Fields
with regards the conversion of their mining licences. This conversion was
made possible by the company’s response to the requirements of the
MPRDA. The step taken by Gold Fields also shows their commitment to
government’s transformation agenda, and the push for a better life for all the
people of this country. Their compliance with the requirements of the Social
and Labour Plan will ensure benefit for all, and we believe that there will be
spin-offs that will further ensure satisfaction on all fronts.
“It is my belief that, as more companies apply for and receive approval for the
conversion of their old order licences, they will be encouraged to apply for
new mining licences, which licences will lead to new investments. These new
investments will be a critical factor in the creation of new jobs which will
further enhance the lives of the people of South Africa,” said Minister Sonjica.
2/…..