JOHANNESBURG, March 2 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today received notice from the National Union of Mineworkers (NUM) that it is withdrawing its notice to embark on strike action across all Gold Fields' operations in South Africa.
Gold Fields and the NUM have agreed on a process during which issues related to the compulsory Functional Work Capacity Testing System will be negotiated.
Vishnu Pillay, Executive Vice-President and Head of Gold Fields' South African operations, commented: "We welcome the NUM's commitment to ongoing negotiations and will engage with them to find a suitable work capacity testing system that meets the requirements of our company, the trade unions and is compliant with mine health and safety legislation."
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: Enquiries: Media and Investor Enquiries, Willie Jacobsz, Tel: +508-839-1188, Mobile: +857-241-7127, email Willie.Jacobsz@gfexpl.com; Nikki Catrakilis-Wagner, Tel: +27-11-562-9706, Mobile: +27(0)83-309-6720, email Nikki.Catrakilis-Wagner@goldfields.co.za; Media Enquiries: Sven Lunsche, Tel: +27 11 562-9763, Mobile: +27(0)83-260-9279, email: Sven.Lunsche@goldfields.co.za