Final Ultimatum for Gold Fields’ KDC East to Return to Work
JOHANNESBURG, South Africa, October 19, 2012 /PRNewswire/ –
Gold Fields Limited (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
Sponsor: J.P. Morgan Equities Limited Enquiries
Willie Jacobsz Tel: +27-11-562-9775 Mobile: +27-82-971-9238 E-mail: Willie.Jacobsz@goldfields.co.za Sven Lunsche Tel: +27-11-562-9763 Mobile: +27-83-260-9279 E-mail: Sven.Lunsche@goldfields.co.za
SOURCE Gold Fields Limited