JOHANNESBURG, Sept. 5, 2012 /CNW/ - Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that the unlawful
strike by 12,000 employees at the KDC East mine on the West Rand in
South Africa has been resolved and that striking employees have agreed
to return to work with the commencement of the night shift tonight.
The strike was resolved after the national leadership of the National
Union of Mineworkers (NUM) met with NUM members on the mine to resolve
the differences between them and office bearers of the local NUM
Nick Holland, Chief Executive Officer of Gold Fields, said: "We commend
the national leadership of the NUM, in particular President Senzeni
Zokwana and General Secretary Frans Baleni, for their bold leadership
in resolving the strike. While we cannot condone the unlawful nature of
the strike, and will implement the 'no work, no pay and no dismissal'
principle, we are pleased with the peaceful manner in which our
employees conducted the strike."
The strike commenced on Wednesday, 29 August 2012, when the night shift
did not turn out for work.
Notes to Editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold
with attributable annualised production of 3.5 million gold equivalent
ounces from eight operating mines in Australia, Ghana, Peru and South
Africa. Gold Fields also has an extensive and diverse global growth
pipeline with four major projects in resource development and
feasibility, with construction decisions expected in the next 18 to 24
months. Gold Fields has total attributable gold equivalent Mineral
Reserves of 80.6 million ounces and Mineral Resources of 217 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).
Sponsor: J.P. Morgan Equities Limited
SOURCE: Gold Fields Limited
For further information:
Senior Vice President
Head of Investor Relations and Corporate Affairs
USA Cell: +1-857-241-7127
RSA Cell: +27-82-971-9238
Vice President: Corporate Affairs