GFI Gold Fields Ltd

JOHANNESBURG, South Africa, August 31 /PRNewswire-FirstCall/ -- 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. DATASOURCE: Gold Fields Limited CONTACT: Andrew Davidson, +27-11-644-2638, Nerina Bodasing, +27-11-644-2630, Cheryl Martin, +303-796-8683

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