JOHANNESBURG, Feb. 1 /CNW/ - Gold Fields Limited ("Gold Fields") (NYSE,
JSE, DIFX: GFI) reports that Eskom last night reinstated the authorisation for
mines to increase their power load from 80% to 90%. This follows after
authorisation was withdrawn late yesterday morning.
Gold Fields operations are cautiously remobilising towards the 90% level,
with due consideration for the safety implications of an erratic and uncertain
Terence Goodlace, head of Gold Fields' South African operations said:
"While we welcome the reinstatement of the 90% power levels, we urgently need
a guarantee of a sustainable level of supply. We need to have a consistent
guaranteed supply to re-establish our operations safely at these levels."
About Gold Fields
Gold Fields Limited is one of the world's largest unhedged producers of
gold with attributable production of more than four million ounces per annum
from eight operating mines in South Africa, Ghana and Australia.
A ninth mine, the Cerro Corona Gold/Copper mine in Peru, is expected to
commence production by mid 2008 at an initial rate of approximately 400,000
gold equivalent ounces per annum.
The company has total attributable ore reserves of 92 million ounces and
mineral resources of 252 million ounces.
Gold Fields employs some 47,000 permanent employees across its operations
and is listed on the JSE Limited South Africa (primary listing), the New York
Stock Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
All of Gold Fields' operations are ISO14001 certified. For more
information please visit the Gold Fields website at:
For further information:
For further information: Willie Jacobsz, Tel: +27(0)11-644-2460, Mobile: