JOHANNESBURG, March 24 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announces the appointment of Richard Weston as Executive Vice-President of its Australasian Region with effect from May 1. Weston will be part of the company's Executive Committee reporting to CEO Nick Holland.
Weston brings a wealth of experience in the precious metals industry to Gold Fields. He joins the company from Coeur d'Alene Mines Corporation, a gold and silver mining company based in Idaho in the United States. As Senior Vice-President, Operations, Weston, oversaw a wide portfolio of gold and silver mines in North and South America. Coeur d'Alene is one of the world's largest silver miners as well as a significant gold producer.
Weston (58), an Australian, has a M.Sc. in Mining Geomechanics from the University of New South Wales and B. Engineering from Sydney University. Before joining Coeur in 2006 he led the site team responsible for the development of Barrick Australia's Cowal Gold Project and, prior to that, he headed operations at Rio Tinto Australia's ERA Ranger and Jabiluka uranium mines in the Northern Territory.
Weston's appointment at Gold Fields completes the reorganisation of the company's executive team started last year. Located in Perth, Weston will take responsibility for the two existing mines in Australia, St Ives and Agnew, and will work with the business development and exploration executives to grow production in Australasia to one million ounces per annum over the next three to five years.
Nick Holland, Chief Executive Officer of Gold Fields, said: "Given Gold Fields' international growth and regionalisation strategy, our expanding footprint around the globe has required a strengthening of the Group's executive team. Richard certainly fits the bill."
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
For more information please visit the Gold Fields website at http://www.goldfields.co.za.
*Based on the annualised run rate for the fourth quarter of F2009
SOURCE Gold Fields Limited
For further information: For further information: Media Enquiries: mSven Lunsche, Tel +27-11-562-9763, Mobile +27(0)83-260-9279, email Sven.Lunsche@goldfields.co.za