JOHANNESBURG, Sept. 9, 2013 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that
striking workers of the National Union of Mineworkers (NUM)
returned to work at its South Deep mine on Friday after receiving a
two-year salary offer from the Chamber of Mines.
The settlement will also be extended to UASA, the only other
trade union present at South Deep. In terms of the agreement:
- Category 4 and 5 employees, and rock drill operators will
receive increases of 8% and other employees 7.5%, effective
1 July 2013.
- In the second year of the two-year deal employees will receive
further CPI-linked increases effective 1
July 2014.
- The current monthly living out allowance of R1,640 will
increase to R2,000 in two R180 steps, on 1
September 2013 and 2014.
The net effect of the increases will be to raise guaranteed
basic pay among South Deep employees in the above categories by an
average 7.8%. "We are pleased that the strike was resolved speedily
and that it was conducted peacefully. We believe a two-year
agreement will promote certainty and stability," said Kgabo
Moabelo, Gold Fields' Managing Executive, South Africa.
Notes to editors
About Gold Fields
Gold Fields is a significant unhedged producer of gold with
attributable annualised production of approximately 2.0 million
gold equivalent ounces from six operating mines in Australia, Ghana, Peru
and South Africa. Gold Fields has
total managed gold-equivalent Mineral Reserves of 64 million ounces
and Mineral Resources of 155 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 August 2013, Gold Fields acquired Barrick Gold's Granny Smith, Lawlers and
Darlot Gold Mines in Western Australia, a transaction that is
expected to be completed in September
2013.
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited