JOHANNESBURG, South Africa, Jan. 25 /CNW/ - Gold Fields Limited ("Gold
Fields") (NYSE, JSE, DIFX: GFI) reports all mining activities have been
suspended at its South African Operations.
This is due to Eskom requesting their Key Industrial Consumers (KIC) of
which Gold Fields is one, to reduce its consumption to the minimum load
possible. This communication was received yesterday evening.
A decision was taken to put no shifts down last night and no shifts were
put down this morning. Eskom has indicated that "KIC loads will be reduced to
'survival levels' or switched out totally for the next two to four weeks."
"This will have a serious effect on the South African operations and will
negatively affect our gold production. The South African Operations produce
approximately 7000 ounces per day. We are looking at ways to continue
operations and will work closely with Eskom to try and resolve this problem"
said Ian Cockerill, Chief Executive Officer of Gold Fields.
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: Enquiries: Willie Jacobz, Tel:
+27(0)11-644-2460, Mobile: +27(0)82-493-1377