JOHANNESBURG, September 5, 2012 /PRNewswire/ --
Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI)
is pleased to announce that the unlawful strike by 12,000 employees
at the KDC East mine on the West Rand in South Africa has been resolved and that
striking employees have agreed to return to work with the
commencement of the night shift tonight.
The strike was resolved after the national leadership of the
National Union of Mineworkers (NUM) met with NUM members on the
mine to resolve the differences between them and office bearers of
the local NUM branch.
Nick Holland, Chief Executive
Officer of Gold Fields, said: "We commend the national leadership
of the NUM, in particular President Senzeni
Zokwana and General Secretary Frans
Baleni, for their bold leadership in resolving the strike.
While we cannot condone the unlawful nature of the strike, and will
implement the 'no work, no pay and no dismissal' principle, we are
pleased with the peaceful manner in which our employees conducted
the strike."
The strike commenced on Wednesday, 29
August 2012, when the night shift did not turn out for
work.
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
Investor Enquiries:
Willie Jacobsz
Senior Vice President
Head of Investor Relations and Corporate Affairs
USA Cell: +1-857-241-7127
RSA Cell: +27-82-971-9238
Email: willie.jacobsz@goldfields.co.za
Media Enquiries
Sven Lunsche
Vice President: Corporate Affairs
Cell: +27-83-260-9279
Email: sven.lunsche@goldfields.co.za
SOURCE Gold Fields Limited