JOHANNESBURG, Oct. 24, 2016 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) is pleased to announce the Reinvestment
Plan for the Damang Gold mine in Ghana which will extend the life of mine (LOM)
by eight years from 2017 to 2024. The Reinvestment Plan, entails
Gold Fields investing US$1.4bn
(operating and capital expenditure) over the LOM. It will enhance
the Group's presence in one of its key operating regions and will
result in significant social benefits for Ghana, including the creation and preservation
of 1,850 direct jobs.
For more details, please visit our website at
http://www.goldfields.com
Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified
producer of gold with eight operating mines in Australia, Ghana, Peru
and South Africa with attributable
annual gold production of approximately 2.0 million ounces. It has
attributable Mineral Reserves of around 46 million ounces and
Mineral Resources of around 102 million ounces. Attributable copper
Mineral Reserves total 532 million pounds and Mineral Resources
5,912 million pounds. Gold Fields has a primary listing on the JSE
Limited, with secondary listings on the New York Stock Exchange
(NYSE) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited, South
Africa