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
Reidwaan Wookay
Tel
+27 11 644-2665
Fax
+27 11 484-0639
Mobile 084 878 4566
Andrew Davidson
Tel
+27 11 644-2638
Fax
+27 11 484-0639
Mobile 082 667 7203
MEDIA RELEASE
Gold Fields welcomes additional
allocation of power
Johannesburg, Friday, March 7, 2008: Gold Fields Limited (“Gold
Fields”) (NYSE, JSE, DIFX: GFI) is pleased to confirm that it received
formal notification from the Department of Minerals and Energy that,
following representations by the Chamber of Mines and consultation
with all stakeholders, the mining industry had been allocated an
additional 260 MW of power which will effectively allow mines to
increase their power consumption from the current level of 90% of
average historical consumption.
This new allocation will be phased in over the next two weeks and is
aimed at minimizing the disruptive impact of power rationing on the
mining industry, job losses and mine safety.
Terence Goodlace, head of Gold Fields’ South African operations, said
today: “We welcome the latest developments. The additional power
supply to our mines will help to limit job losses and will have a positive
impact not only on our company and its employees, but on the broader
economy. We will work closely with Eskom and our peers in the
industry to utilise this additional allocation of electricity to the greatest
benefit of all stakeholders and to ensure that safety is prioritised.
“As soon as the specific additional allocation for each of our mines is
confirmed, we will review our mine plans and production profiles, with a
view to increasing production near to levels prior to those before the
reduction in power supply.
“Gold Fields will continue to save power wherever possible as we
appreciate that, like everyone in the country, we have a duty to play
our part in energy saving.”
ends
Enquiries
Andrew Davidson
Tel: 011-644-2638
Mobile: 082 667 7203
About Gold Fields
Gold Fields Limited is one of the world’s largest unhedged producers of gold with
attributable production of more than four million ounces per annum from eight
operating mines in South Africa, Ghana and Australia.