Gold Fields Increases Stake in Western Areas to 18.9%
July 12 2006 - 12:54PM
PR Newswire (US)
JOHANNESBURG, South Africa, July 12 /PRNewswire-FirstCall/ -- Gold
Fields Limited (Gold Fields) (NYSE:GFI)(JSE:GFI) is pleased to
announce that it has acquired an additional 3 million Western Areas
Limited shares. This acquisition, completed on Tuesday, 11 July,
2006, brings Gold Fields' total stake in Western Areas to 29.16
million shares, or 18.9% of that Company's total issued share
capital. The transaction was brokered by Frankel Consulting.
Western Areas Limited owns 50% of the developing South Deep gold
mine, which is adjacent to Gold Fields' Kloof Gold Mine, near
Westonaria in South Africa. The other 50% of South Deep is owned by
Barrick Gold of Canada. 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,
Australia and Venezuela, as well as a developing mine at Cerro
Corona in Peru. The Company has ore reserves of 65 million ounces
and mineral resources of 179 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. 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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