Final Ultimatum for Gold Fields' KDC East to Return to Work
JOHANNESBURG, South Africa, October 19, 2012 /PRNewswire/ --
Gold Fields Limited (GFI) (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) regrets to advise that approximately 8,500 of the 12,500 employees at KDC East (formerly Kloof Gold Mine), on an unlawful strike since 14 October, 2012, have not yet returned to work.
Gold Fields, with the support of the Board of Directors, this afternoon issued a final ultimatum to the employees still on strike at KDC East, to present themselves for work starting with the night shift on Monday, 22 October 2012, and the morning and afternoon shifts on Tuesday, 23 October, 2012, or face immediate dismissal.
Gold Fields has secured a Court Interdict declaring the strike unlawful and ordering striking employees to return to work. The company has also embarked on a comprehensive communication campaign to encourage striking employees to observe the court order, and has issued an ultimatum for workers to return to work.
All of these requests have been ignored. Striking employees and their representatives have also been given sufficient opportunities to make representations as to why they should not be dismissed, all of which were not taken up.
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 Enquiries
SOURCE Gold Fields Limited