FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of January 2012
Commission File Number 1-31318
Commission File Number 1-31318
Gold Fields Limited
(Translation of registrant's name into English)
150 Helen Rd.
Sandown, Sandton 2196
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
cover Form 20-F or Form 40-F.
Form 20-F..x... Form 40-F.....
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ________
permitted by Regulation S-T Rule 101(b)(1): ________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ________
permitted by Regulation S-T Rule 101(b)(7): ________
Indicate by check mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..x...
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
connection with Rule 12g3-2(b): 82- ________
Directors: M A Ramphele (Chair), N J Holland
† ** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), K Ansah
# , C A Carolus, R Dañino*, A R Hill
≠ ,
D L Lazaro^, R P Menell, M S Moloko, D N Murray, D M J Ncube, R L Pennant-Rea † , G M Wilson
† British, ≠ Canadian, # Ghanaian, *Peruvian, ^Filipino, ** Executive Director
Corporate Secretary: C Farrel
D L Lazaro^, R P Menell, M S Moloko, D N Murray, D M J Ncube, R L Pennant-Rea † , G M Wilson
† British, ≠ Canadian, # Ghanaian, *Peruvian, ^Filipino, ** 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
Zakira Amra
Tel +27 11 562-9775
Mobile +27 79 694-0267
email Zakira.Amra@
goldfields.co.za
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
Zakira Amra
Tel +27 11 562-9775
Mobile +27 79 694-0267
email Zakira.Amra@
goldfields.co.za
Willie Jacobsz
Tel +1 508 839-1188
Mobile +1 857 241-7127
email Willie.Jacobsz@
gfexpl.com
Tel +1 508 839-1188
Mobile +1 857 241-7127
email Willie.Jacobsz@
gfexpl.com
Media Enquiries
Sven Lunsche
Tel +27 11 562-9763
Mobile +27 83 260-9279
email Sven.Lunsche@
goldfields.co.za
Sven Lunsche
Tel +27 11 562-9763
Mobile +27 83 260-9279
email Sven.Lunsche@
goldfields.co.za
MEDIA RELEASE
Gold Fields Limited and Gold One International
Limited to Investigate a Joint Venture for
Retreatment of West Rand Surface Tailings
Deposits
JOHANNESBURG – 24 January, 2012. Gold Fields Limited (JSE,
NYSE, NASDAQ Dubai: GFI) (“Gold Fields”) and Gold One
International Limited (ASX and JSE: GDO) are pleased to
announce that they have entered into a Memorandum of
Understanding (“MOU”) to investigate the viability of concurrently
reprocessing their combined surface tailings deposits, located on the
West Rand region of South Africa’s Witwatersrand Basin. Gold One
and Gold Fields currently operate mines on the West Rand, a region
with a long history of gold and uranium mining.
In terms of the MOU, Gold Fields and Gold One (collectively, the
“parties”) will jointly investigate the feasibility of establishing a Joint
Venture into which both parties will contribute surface assets for
retreatment. These assets are expected to comprise in excess of
700 million tonnes and represent over 60% of the total tailings
material in the region. The parties aim to complete a detailed
scoping study by the middle of this year, following which a decision
will be taken on whether to progress the study to a feasibility level.
Should the Joint Venture proceed, the intention is to reclaim and
retreat the historical tailings material and current tailings to recover
residual gold, uranium and sulphur. A key objective of the project
will be to address the re-deposition of the residues in accordance
with modern sustainable deposition practices, ultimately supporting
mine closure in an environmentally sustainable manner.
In 2010, Gold Fields completed extensive economic studies on its
Tailings Treatment Project (“TTP”), which is a low-grade gold and
uranium recovery project focusing on the existing tailings storage
facilities and the current underground mining horizons of Gold Fields'
West Rand operations, Kloof Driefontein Complex (“KDC”) and
South Deep. As at December 2010, Gold Fields declared a mineral
resource of 475.6 million tonnes at its tailings storage facilities, which
includes gold mineral resources of 4.5 million ounces and uranium
mineral resources of 53.6 million pounds.
Gold One advised Gold Fields that on 9 January, 2012, it completed
the acquisition of Rand Uranium (Pty) Limited (“Rand Uranium”).
NYSE, NASDAQ Dubai: GFI) (“Gold Fields”) and Gold One
International Limited (ASX and JSE: GDO) are pleased to
announce that they have entered into a Memorandum of
Understanding (“MOU”) to investigate the viability of concurrently
reprocessing their combined surface tailings deposits, located on the
West Rand region of South Africa’s Witwatersrand Basin. Gold One
and Gold Fields currently operate mines on the West Rand, a region
with a long history of gold and uranium mining.
In terms of the MOU, Gold Fields and Gold One (collectively, the
“parties”) will jointly investigate the feasibility of establishing a Joint
Venture into which both parties will contribute surface assets for
retreatment. These assets are expected to comprise in excess of
700 million tonnes and represent over 60% of the total tailings
material in the region. The parties aim to complete a detailed
scoping study by the middle of this year, following which a decision
will be taken on whether to progress the study to a feasibility level.
Should the Joint Venture proceed, the intention is to reclaim and
retreat the historical tailings material and current tailings to recover
residual gold, uranium and sulphur. A key objective of the project
will be to address the re-deposition of the residues in accordance
with modern sustainable deposition practices, ultimately supporting
mine closure in an environmentally sustainable manner.
In 2010, Gold Fields completed extensive economic studies on its
Tailings Treatment Project (“TTP”), which is a low-grade gold and
uranium recovery project focusing on the existing tailings storage
facilities and the current underground mining horizons of Gold Fields'
West Rand operations, Kloof Driefontein Complex (“KDC”) and
South Deep. As at December 2010, Gold Fields declared a mineral
resource of 475.6 million tonnes at its tailings storage facilities, which
includes gold mineral resources of 4.5 million ounces and uranium
mineral resources of 53.6 million pounds.
Gold One advised Gold Fields that on 9 January, 2012, it completed
the acquisition of Rand Uranium (Pty) Limited (“Rand Uranium”).
Furthermore, as part of the Rand Uranium transaction, Gold One established the Randfontein Surface
Operations, which are currently processing approximately 300,000 tonnes of tailings material per
month through the Cooke Gold Plant. Gold One also advised that it had commenced with a review of
its Cooke Uranium Project.
Rand Uranium had earlier completed a comprehensive definitive feasibility study on the processing of
the Cooke Tailings Deposit for the extraction of both gold and uranium (including 70% of detailed and
already completed engineering design). The primary focus of the feasibility study is the construction of
a uranium metallurgical plant to treat the Cooke Tailings Deposit. In addition, during the December
2011 quarter, Gold One stated that it commenced assessing the potential treatment of several other
surface tailings deposits that exist on the mining and prospecting licenses acquired from Rand
Uranium.
The combined consideration of the Gold One, Rand Uranium and Gold Fields studies, as well as the
possibility of utilising existing and planned metallurgical plant infrastructure, will allow the companies to
significantly fast-track a joint economic assessment of the reprocessing of the combined tailings
deposits.
Gold One President and Chief Executive Officer Neal Froneman comments: “I am excited about the
opportunity of forging a strategic relationship with Gold Fields. Economic recovery of gold and uranium
from historical tailings deposits has been successfully demonstrated in other districts of the
Witwatersrand Goldfields. The combination of our extensive technical studies and the quality of assets
that would be pooled into the partnership presents an exciting prospect for the Joint Venture and
growth of Gold One’s surface business. Importantly, the economically sustainable retreatment of the
existing tailings deposits will also have a positive environmental impact, benefiting all stakeholders in
the district in which we operate.”
Gold Fields Chief Executive Officer Nick Holland comments: “This is an exciting opportunity to
investigate the feasibility of extracting value from our substantial surface resources on the West Rand.
Gold Fields already has projects in place to retreat our tailings and the MOU with Gold One allows us
to further explore a relatively low risk opportunity to extract value from Gold Fields’ surface resources
that is not inherent in our share price.”
Operations, which are currently processing approximately 300,000 tonnes of tailings material per
month through the Cooke Gold Plant. Gold One also advised that it had commenced with a review of
its Cooke Uranium Project.
Rand Uranium had earlier completed a comprehensive definitive feasibility study on the processing of
the Cooke Tailings Deposit for the extraction of both gold and uranium (including 70% of detailed and
already completed engineering design). The primary focus of the feasibility study is the construction of
a uranium metallurgical plant to treat the Cooke Tailings Deposit. In addition, during the December
2011 quarter, Gold One stated that it commenced assessing the potential treatment of several other
surface tailings deposits that exist on the mining and prospecting licenses acquired from Rand
Uranium.
The combined consideration of the Gold One, Rand Uranium and Gold Fields studies, as well as the
possibility of utilising existing and planned metallurgical plant infrastructure, will allow the companies to
significantly fast-track a joint economic assessment of the reprocessing of the combined tailings
deposits.
Gold One President and Chief Executive Officer Neal Froneman comments: “I am excited about the
opportunity of forging a strategic relationship with Gold Fields. Economic recovery of gold and uranium
from historical tailings deposits has been successfully demonstrated in other districts of the
Witwatersrand Goldfields. The combination of our extensive technical studies and the quality of assets
that would be pooled into the partnership presents an exciting prospect for the Joint Venture and
growth of Gold One’s surface business. Importantly, the economically sustainable retreatment of the
existing tailings deposits will also have a positive environmental impact, benefiting all stakeholders in
the district in which we operate.”
Gold Fields Chief Executive Officer Nick Holland comments: “This is an exciting opportunity to
investigate the feasibility of extracting value from our substantial surface resources on the West Rand.
Gold Fields already has projects in place to retreat our tailings and the MOU with Gold One allows us
to further explore a relatively low risk opportunity to extract value from Gold Fields’ surface resources
that is not inherent in our share price.”
-ends-
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 76.7 million ounces and Mineral Resources of 225.4 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
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: 24 January 2012
GOLD FIELDS LIMITED
By:
Name:
Mr W J Jacobsz
Title: Senior Vice President: Investor
Relations and Corporate Affairs
Title: Senior Vice President: Investor
Relations and Corporate Affairs