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GOLD FIELDS OPENS NEW HOUSING COMPLEX
Johannesburg, 26 May 2011: Gold Fields
Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today opened a
new employee housing project near its KDC Gold Mine as part of its
R560-million, five year staff housing programme.
The new Tembelihle Park complex represents an
investment of R25-million and will offer housing accommodation to 100 KDC
employees and their families.
The complex is an integral
part of Gold Fields' continuing programme to
renovate housing, construct new family homes and upgrade and de-densify high-density accommodation at its South African
mines.
With around R450-million of
the R560-million programme having been spent,
significant progress has been made in this regard: 560 of the planned 950
family homes have been completed and room density in the hostels has
decreased to less than two per room. Around 19,000 employees are accommodated
by Gold Fields South Africa in high-density accommodation.
The Employee Housing Programme is part of Gold Fields' total wellbeing
programme called "24
Hours in the Life of a Gold Fields Employee". This programme is designed to improve every facet of the
health and well-being of employees, and addresses the key issues of safe
production, education and training, healthcare, nutrition, accommodation as
well as sport and recreation.
Gold Fields Chief Executive
Officer, Nick Holland, said: "The well-being of our employees is one of
the company's highest priorities and good accommodation is a fundamental
requirement for total well-being and quality of life. These family homes are
a key component of our wide-ranging employee housing programme,
which also includes the renovation of houses and the upgrading of single
accommodation villages into modern, high quality living units."
Enquiries
Investor Enquiries
Zakira Amra
Tel +27
11 562-9775
Mobile +27
(0) 79 694-0267
email Zakira.Amra@goldfields.co.za
Nikki Catrakilis-Wagner
Tel +27
11 562-9706
Mobile +27
(0) 83 309-6720
email Nikki.Catrakilis-Wagner@goldfields.co.za
Willie Jacobsz
Tel +508 839-1188
Mobile +857 241-7127
email Willie.Jacobsz@gfexpl.com
Media Enquiries
Sven Lunsche
Tel +27
11 562-9763
Mobile +27
(0) 83 260 9279
email Sven.Lunsche@goldfields.co.za
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 3.6 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
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