Unlawful and Unprotected Strike at KDC East
JOHANNESBURG, Aug. 31, 2012 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to announce that
employees of the East Section of the KDC Gold Mine (KDC) on the
West Rand in South Africa have
been engaging in an unlawful and unprotected strike since the start
of the night shift on Wednesday, 29 August
2012.
Approximately 12,000 employees are participating in the strike
and to date two night shifts as well as two day shifts have been
lost (including today).
The senior leadership of Gold Fields' South Africa Region as
well as the KDC mine have been on site since the start of the
strike, engaging with all stakeholders, including organised labour
and associated structures, with a view to maintaining the peace and
resolving the strike.
Peter Turner, Executive Vice
President and Head of Gold Fields' South Africa Region, said:
"Based on informal feedback from employees, the strike appears
to be related mainly to disagreements within organised labour and
related structures on the mine, although we cannot confirm
this."
"The safety of our people is our first priority and we appeal to
all stakeholders to continue to act with restraint and to find
peaceful solutions to their differences. It is important that we
restore normality on the mine in a peaceful manner and as soon as
possible."
Management has been granted an urgent interdict to bring the
unlawful and unprotected strike to an end.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of
gold with attributable annualised production of 3.5 million gold
equivalent ounces from eight operating mines in Australia, Ghana, Peru
and South Africa. Gold Fields also
has an extensive and diverse global growth pipeline with four major
projects in resource development and feasibility, with construction
decisions expected in the next 18 to 24 months. Gold Fields
has total attributable gold equivalent Mineral Reserves of 80.6
million ounces and Mineral Resources of 217 million ounces. Gold
Fields is listed on the JSE Limited (primary listing), the New York
Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in
Brussels (NYX) and the Swiss
Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited