Gold Fields Secures New Loan Facility

JOHANNESBURG, May 24 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that it has secured a US$450 million revolving credit loan maturing 30 September 2013 to refinance a US$311 million one-year facility that expired in May 2010. Gold Fields was seeking a minimum of US$300 million from the banks approached to support the revolving credit loan.

The new facility, agreed by Gold Fields with a "club" of nine banks, is charged at 175 basis points above the London Interbank Offered Rate (Libor). This facility, which is currently undrawn, is for general corporate purposes and working capital requirements.

"The favourable response from the banks gives our balance sheet greater liquidity as we accelerate our global expansion programme," said Gold Fields CFO Paul Schmidt. "The new loan bears a lower interest rate than the previous facility and significantly improves our debt maturity profile," he added.

Notes to Editors

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

    * Based on the annualised run rate for the second quarter of

SOURCE Gold Fields Limited

For further information: For further information: Enquiries - Investor Enquiries: Willie Jacobsz, Tel (508) 839-1188, Mobile (857) 241-7127, email; Nikki Catrakilis-Wagner, Tel +27-11-562-9706, Mobile +27(0)83-309-6720, email; Media Enquiries: Sven Lunsche, Tel +27-11-562-9763, Mobile +27(0)83-260-9279, email

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890