JOHANNESBURG, Oct. 24, 2016 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE: GFI) is pleased to announce the Reinvestment Plan for the Damang Gold mine in Ghana which will extend the life of mine (LOM) by eight years from 2017 to 2024. The Reinvestment Plan, entails Gold Fields investing US$1.4bn (operating and capital expenditure) over the LOM. It will enhance the Group's presence in one of its key operating regions and will result in significant social benefits for Ghana, including the creation and preservation of 1,850 direct jobs.
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Notes to editors
About Gold Fields
Gold Fields Limited is an unhedged, globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa with attributable annual gold production of approximately 2.0 million ounces. It has attributable Mineral Reserves of around 46 million ounces and Mineral Resources of around 102 million ounces. Attributable copper Mineral Reserves total 532 million pounds and Mineral Resources 5,912 million pounds. Gold Fields has a primary listing on the JSE Limited, with secondary listings on the New York Stock Exchange (NYSE) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SOURCE Gold Fields Limited, South Africa
For further information: Investors, Avishkar Nagaser, Tel: +27 11 562-9775, Mobile: +27 82 312 8692, Email: Avishkar.Nagaser@goldfields.com; Thomas Mengel, Tel: +27 11 562 9849, Mobile: +27 82 315 2832, Email: Thomas.Mengel@goldfields.com; Media, Sven Lunsche, Tel: +27 11 562-9763, Mobile: +27 83 260 9279, Email: Sven.Lunsche@goldfields.com