JOHANNESBURG, March 29, 2016 /CNW/ - Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) is pleased to announce that the Full Court
of the Federal Court of Australia
today overturned a July 2014 Federal
Court decision that the re-grant of certain tenements to Gold
Fields Australia's St Ives mine in 2004 by the State was not
compliant with the correct processes in the Native Title Act
1993 (Cth).
As such, the Federal Court has confirmed that St Ives'
re-granted tenements are valid for the purpose of the Native
Title Act, and that whilst St Ives' rights as tenement holder
and the Ngadju People's native title rights shall coexist, St Ives'
rights shall prevail should there be any inconsistencies.
Gold Fields welcomes this finding, which confirms that it has at
all times complied with its legal obligations in respect of its
dealings with these tenements. Gold Fields will continue to openly
engage with the Ngadju People, and all other community stakeholders
in relation to its operations in Australia.
It is not yet clear whether the Ngadju People will seek to
appeal this decision.
Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified
producer of gold with eight operating mines in Australia, Ghana, Peru
and South Africa with attributable
annual gold production of approximately 2.2 million ounces. It has
attributable Mineral Reserves of around 48 million ounces and
Mineral Resources of around 108 million ounces. Attributable copper
Mineral Reserves total 620 million pounds and Mineral Resources
6,873 million pounds. Gold Fields has a primary listing on the JSE
Limited, with secondary listings on the New York Stock Exchange
(NYSE) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited, South
Africa