Directors: A J Wright (Chairman), N J Holland
†**
(Chief Executive Officer), P A Schmidt** (Chief Financial Officer), K Ansah
#
, C A Carolus,
R Dañino*, A R Hill
≠
, R P Menell, D N Murray, D M J Ncube, R L Pennant-Rea
†
, C I von Christierson, G M Wilson
†
British,
≠
Canadian,
#
Ghanaian, *Peruvian, ** Executive Director
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562-9700
Fax +27 11 562-9838
www.goldfields.co.za
Enquiries
Investor Enquiries
Willie Jacobsz
Tel +508 839-1188
Mobile +857 241-7127
email Willie.Jacobsz@gfexpl.com
Nikki Catrakilis-Wagner
Tel +27 11 562-9706
Mobile +27 (0) 83 309-6720
email Nikki.Catrakilis-Wagner@
goldfields.co.za
Media Enquiries
Sven Lunsche
Tel +27 11 562-9763
Mobile +27 (0) 83 260 9279
email Sven.Lunsche@goldfields.co.za
MEDIA RELEASE
GOLD FIELDS’ DAMANG GOLD MINE TO RAISE
PRODUCTION
Johannesburg, 30 April 2010: Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that its
Damang Gold Mine in Ghana is set to increase production significantly,
following the successful construction and commissioning of a new
Secondary Crushing Plant.
The plant will allow Damang to increase the average head grade to its
mill by boosting the feed of harder, higher grade “fresh” ore and
reducing the feed of softer, lower grade oxide ore. As a result gold
production at the mine is forecast to increase up to 240,000 oz a year
in the medium term. Current production is around 200,000 oz.
Nick Holland, Chief Executive Officer said: “The installation of the
secondary crusher is an important step toward the transformation of
Damang into a long-life mine and we expect improved production over
the next few quarters. It also contributes to our strategy of increasing
attributable production from our West Africa Region to at least one
million ounces a year over the next five years.”
In order to feed the enhanced crushing and milling systems,
exploration last year has been refocused to find additional higher
grade ore on the mine’s property. These efforts have been successful
and Damang is targeting a reserve of at least two million ounces in the
medium term.
“Our aim is to extend the life of Damang by at least 15 years to 2025,”
Holland said.
Process design of the Secondary Crusher Project commenced early in
2009, while construction of the plant started in November 2009. The
crusher was completed in April this year at a total cost of around
US$12m.
- ends-
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
www.goldfields.co.za