Gold Fields Limited – KDC East Strike
JOHANNESBURG, August 31, 2012 /PRNewswire/ --
Gold Fields Limited (GFI) (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to announce that employees of the East Section of the KDC Gold Mine (KDC) on the West Rand in South Africa have been engaging in an unlawful and unprotected strike since the start of the night shift on Wednesday, 29 August 2012.
Approximately 12,000 employees are participating in the strike and to date two night shifts as well as two day shifts have been lost (including today).
The senior leadership of Gold Fields' South Africa Region as well as the KDC mine have been on site since the start of the strike, engaging with all stakeholders, including organised labour and associated structures, with a view to maintaining the peace and resolving the strike.
Peter Turner, Executive Vice President and Head of Gold Fields' South Africa Region, said:
"Based on informal feedback from employees, the strike appears to be related mainly to disagreements within organised labour and related structures on the mine, although we cannot confirm this."
"The safety of our people is our first priority and we appeal to all stakeholders to continue to act with restraint and to find peaceful solutions to their differences. It is important that we restore normality on the mine in a peaceful manner and as soon as possible."
Management has been granted an urgent interdict to bring the unlawful and unprotected strike to an end.
Notes to editors
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months. Gold Fields has total attributable gold equivalent Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).
Sponsor: J.P. Morgan Equities Limited
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SOURCE Gold Fields Limited