Gold Fields Limited: Appointment of Two Non-Executive Directors
February 17 2006 - 5:29AM
PR Newswire (US)
JOHANNESBURG, South Africa, February 17 /PRNewswire-FirstCall/ --
In terms of Section 3.59 of the Listings Requirements of JSE
Limited, the Board of Gold Fields Limited (Gold Fields)
(NYSE:GFI)(JSE:GFI) is pleased to announce that Mr Donald Ncube and
Mr John Hopwood have been appointed non-executive directors of the
company with immediate effect. Mr Donald Ncube (58 years) is a
director of Lungisa Investment Holdings (Pty) Limited, which was
created on the unbundling of the Real Africa Group. Formerly, Mr
Ncube was a director of Anglo American Industrial Corporation and
an alternate director of Anglo American Corporation of South Africa
Limited. Mr Ncube holds an MSc Manpower Studies - University of
Manchester in England, Post Grad Dip Labour Relations - Strathclyde
University in Scotland and BA Economics and Political Science from
Fort Hare University. Mr John Hopwood (57 years) was a director of
Ernst & Young Corporate Finance and Head of the Mergers and
Acquisitions division and is now retired. Formerly, Mr Hopwood was
an executive director of Gold Fields of South Africa Limited -
corporate finance and non-technical services and held various
positions in the coal, base metals and platinum operations. Mr
Hopwood holds a B.Com C.A. (SA). The Board welcomes them to the
Gold Fields Group and looks forward to their valuable contribution.
Gold Fields is one of the world's largest unhedged gold producers,
with annual gold production of approximately 4.2 million ounces
from mines in South Africa, Ghana and Australia as well as a
developing mine at Cerro Corona in Peru. The Company has reserves
of 64.8 million ounces and mineral resources of 174.5 million
ounces. Gold Fields has its primary listing on the Johannesburg
Securities Exchange and secondary listings on the NYSE, LSE,
Euronext in Paris and Brussels, and on the Swiss Exchange. All of
Gold Fields' operations are ISO 14001 certified. Bolivar Gold Corp.
is a gold exploration, development and production company. At its
95%-owned Choco 10 property in Venezuela, drilling has confirmed
near-surface proven and probable ore reserves of 1.3 million
ounces. The 5,400 tonne per day Choco 10 operation commenced
commercial production in August 2005. Bolivar Gold intends to
exploit this reserve while continuing to pursue the exploration
potential of the Choco 10 property, as well as throughout the El
Callao district in conjunction with its joint venture partner, Gold
Fields Limited. http://www.goldfields.co.za/ DATASOURCE: Gold
Fields Limited CONTACT: Enquires: South Africa: Willie Jacobsz, Tel
+27-11-644-2460, Fax +27-11-484-0639, ; Nerina Bodasing, Tel
+27-11-644-2630, Fax +27-11-484-0639, ; North America: Cheryl A
Martin, Tel +1-303-796-8683, Fax +1-303-796-8293,
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