JOHANNESBURG, May 24, 2013 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that its
wholly owned subsidiary, Gold Fields Orogen Holding BVI
Ltd, has appointed Jefferies International as exclusive
financial advisor to assist with a review of potential strategic
alternatives in relation to the Talas Copper Gold Project in
Kyrgyzstan.
The strategic review will examine and consider opportunities
available to the company with the objective of further enhancing
shareholder value. The strategic review will not necessarily result
in any specific strategic or financial transaction and no timetable
has been set for its completion. Gold Fields will keep shareholders
updated on the strategic review process and any material
developments.
About the Talas Copper Gold Project:
The Talas Copper Gold Project (100% owned by Gold Fields) is
situated in the Central Asian Orogenic Belt (CAOB) in Kyrgyzstan, which is widely recognised as the
second largest gold province by endowment outside of the
Witwatersrand. The CAOB region is home to some of the world's
largest copper gold deposits, including Murantau (110 million
ounces of gold-equivalent), Almalyk (80 million ounces of
gold-equivalent) and Oyu Tolgoi (100 billion pounds of copper, 60
million ounces of gold).
As of 31 December 2012, the Talas
Copper Gold Project contained mineral resources of 1.7 billion
pounds of copper and 6.7 million ounces of gold. Gold Fields also
owns three neighbouring prospecting licenses in the Tien Shan gold
belt covering 32,150 hectares.
Notes to editors
About Gold Fields
Gold Fields (following the unbundling of Sibanye Gold) is a
large unhedged producer of gold with attributable annual production
of approximately 2 million gold ounces from six operating mines in
Australia, Ghana, Peru
and South Africa. The new Gold
Fields also has an extensive and diverse global growth pipeline
with four major projects in resource development and
feasibility. The new Gold Fields has total attributable gold
Mineral Reserves of 54.9 million ounces and Mineral Resources of
125.5 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). In February 2013, Gold Fields unbundled its KDC and
Beatrix mines in South Africa into
a separately listed company, Sibanye Gold
Sponsor: J.P. Morgan Equities Limited
SOURCE Gold Fields Limited