JOHANNESBURG, South Africa, June 6 /CNW/ - Gold Fields Limited ("Gold
Fields") (NYSE: GFI; JSE: GFI; DIFX: GFI) today published its Mineral Resource
and Ore Reserve Statement for the 12 month period to 31 December 2006.
Total attributable precious metal Mineral Resources, inclusive of Ore
Reserves, increased by 40% to 251.7 million ounces and total attributable Ore
Reserves increased by 44% to 93.8 million ounces. Both numbers are net of
12 months' depletion and include the acquisition of South Deep gold mine.
Ian Cockerill, Chief Executive Officer of Gold Fields said:
"We are pleased to be able to announce such a strong Resource and Reserve
Statement that significantly increases our overall position, not only
replacing the Reserves that we have mined but also helping to grow Gold Fields
and underpin our strategic focus on securing the future."
"Guided by our commitment to Corporate Governance, the consistency in
reporting among our operating mines and compliance with public and internal
regulatory codes of practice are paramount. The Mineral Resource Management
processes utilised by the Group continue to improve through enhanced competent
persons reporting. Gold Fields' Resource and Reserve Statement has been
audited by a leading independent global mining consultancy and is SAMREC
compliant and aligned to the requirements of the Sarbanes-Oxley Act."
Mineral Resources were calculated using a gold price of R135,000/kg in
South Africa; A$875/oz in Australia; and US$650/oz in Ghana, Venezuela and
Ore Reserves were calculated using a gold price of R100,000/kg in South
Africa; A$650/oz in Australia; and US$500/oz in Ghana, Venezuela and Peru, as
per SEC guidelines.
The full Mineral Resource and Ore Reserve declaration Supplement is
available on the Gold Fields website at www.goldfields.co.za
For further information:
For further information: Gold Fields Limited, Reg. 1968/004880/06, 24 St
Andrews Road, Parktown, 2193, Postnet Suite 252, Private Bag X30500, Houghton,
2041, South Africa, Tel +27-11-644-2400, Fax +27-11-484-0639,
www.goldfields.co.za; Enquires, South Africa, Andrew Davidson, Tel:
+27-11-644-2403, Fax: +27-11-484-0639, Andrew.firstname.lastname@example.org;
Nerina Bodasing, Tel: +27-11-644-2630, Fax: +27-11-484-0639,