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 November 2006
Commission File Number 1-31318
Gold Fields Limited
(Translation of registrant's name into English)
24 St. Andrews Rd.
Parktown, 2193
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): ________
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): ________
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.
Yes ..... No ..x...
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
Directors: A J Wright (Chairman), I D Cockerill
†
(Chief Executive Officer),K Ansah
#
, A Grigorian°, N J Holland
†
(Chief Financial Officer), J M McMahon
†
,
J G Hopwood, D M J Ncube, R L Pennant-Rea
†
, P J Ryan, T M G Sexwale, C I von Christierson
†
British,
#
Ghanaian, °Russian
Corporate Secretary: C Farrel
Gold Fields Limited
Reg. 1968/004880/06
24 St Andrews Road
Parktown, 2193
24 St Andrews Road
Parktown, 2193
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 644-2400
Fa +27 11 484-0639
Fa +27 11 484-0639
www.goldfields.co.za
Enquires
South Africa
Willie Jacobsz
Tel +27 11 644-2460
Fax +27 11 484-0639
Fax +27 11 484-0639
williej@goldfields.co.za
Nerina Bodasing
Tel +27 11 644-2630
Fax +27 11 484-0639
Fax +27 11 484-0639
Nerina.bodasing@goldfields.co.z
North America
Cheryl A Martin
Tel +1 303 796-8683
Fax +1 303 796-8293
Fax +1 303 796-8293
camartin@gfexpl.com
M E D I A
R E L E A S E
Gold Fields to invest
US$175 million on expansion
projects at Tarkwa; trebling throughput
Johannesburg, November 28, 2006. Gold Fields Limited (Gold
Fields) (NYSE, JSE, DIFX: GFI) and Gold Fields Ghana Ltd (GFGL)
are pleased to announce two significant expansion projects at their
Tarkwa Gold Mine in Ghana.
Fields) (NYSE, JSE, DIFX: GFI) and Gold Fields Ghana Ltd (GFGL)
are pleased to announce two significant expansion projects at their
Tarkwa Gold Mine in Ghana.
The first relates to the expansion of the existing Carbon-in-Leach
(‘CIL’) process plant facility from a design tonnage throughput capacity
of 4.2 million tonnes per annum (‘Mtpa’) to 12.0Mtpa. The capital cost
for this expansion is estimated at US$126 million (R900 million).
Construction is expected to start in the first quarter of calendar 2007,
with commissioning scheduled to be completed by the second half of
calendar 2008. In addition to the main process plant, this project also
entails an expansion of the tailings storage facilities and associated
infrastructure.
(‘CIL’) process plant facility from a design tonnage throughput capacity
of 4.2 million tonnes per annum (‘Mtpa’) to 12.0Mtpa. The capital cost
for this expansion is estimated at US$126 million (R900 million).
Construction is expected to start in the first quarter of calendar 2007,
with commissioning scheduled to be completed by the second half of
calendar 2008. In addition to the main process plant, this project also
entails an expansion of the tailings storage facilities and associated
infrastructure.
The second project is an expansion of Tarkwa’s North Heap Leach
facility by adding an additional heap leach pad (Phase 5) to the North
Heap Leach complex. Phase 5 will add 39 million tonnes stacking
capacity to the current area and will enable continuation of stacking at
the North facility until June 2011. Budgeted capital expenditure for this
project is US$ 49 million (R350 million), consisting of US$35 million to
expand the leach pads, and US$14 million to build associated
infrastructure and services required for Phase 5 and subsequent
Phases 6 to 8 of the leach pad complex. Construction of the Phase 5
facility is also expected to begin in the first quarter of calendar 2007,
with commissioning scheduled to be completed by mid calendar 2008.
facility by adding an additional heap leach pad (Phase 5) to the North
Heap Leach complex. Phase 5 will add 39 million tonnes stacking
capacity to the current area and will enable continuation of stacking at
the North facility until June 2011. Budgeted capital expenditure for this
project is US$ 49 million (R350 million), consisting of US$35 million to
expand the leach pads, and US$14 million to build associated
infrastructure and services required for Phase 5 and subsequent
Phases 6 to 8 of the leach pad complex. Construction of the Phase 5
facility is also expected to begin in the first quarter of calendar 2007,
with commissioning scheduled to be completed by mid calendar 2008.
These expansion projects will maintain the total ore tonnage treated at
approximately 21.6Mtpa, comprising 9.6Mtpa of heap leach and
12.0Mtpa milled ore. It will enable gold production to be maintained at
a level in excess of 700,000 ounces per annum till 2021, minimise the
sub-optimal processing of ore by improving the overall recovery and
decrease the processing unit operating cost through economies of
scale.
approximately 21.6Mtpa, comprising 9.6Mtpa of heap leach and
12.0Mtpa milled ore. It will enable gold production to be maintained at
a level in excess of 700,000 ounces per annum till 2021, minimise the
sub-optimal processing of ore by improving the overall recovery and
decrease the processing unit operating cost through economies of
scale.
Terence Goodlace, Head of International Operations for Gold Fields
said “Gold Fields remains committed to Ghana and these exciting and
robust projects will leverage returns for Tarkwa and take advantage of
increases in the gold price.”
said “Gold Fields remains committed to Ghana and these exciting and
robust projects will leverage returns for Tarkwa and take advantage of
increases in the gold price.”
-2-
“They will contribute to increasing future gold production and ultimately result in an additional 1
million ounces of recovered gold over the life of the mine. Total recovered gold for the mine is now
11.7 million ounces. This investment in the expansion projects is in line with our strategy of
optimising our assets and will ensure that Tarkwa remains a world class asset in the Gold Fields
stable.”
million ounces of recovered gold over the life of the mine. Total recovered gold for the mine is now
11.7 million ounces. This investment in the expansion projects is in line with our strategy of
optimising our assets and will ensure that Tarkwa remains a world class asset in the Gold Fields
stable.”
ends
Gold Fields is one of the world's largest unhedged gold producers, with annual gold production of
approximately 4.1 million ounces from mines in South Africa, Ghana, Australia and Venezuela, as
well as a developing mine at Cerro Corona in Peru. The Company has ore reserves of 65 million
ounces and mineral resources of 179 million ounces. Gold Fields has its primary listing on the
Johannesburg Securities Exchange and secondary listings on the NYSE, LSE, DIFX, Euronext in
Paris and Brussels, and on the Swiss Exchange. All of Gold Fields' operations are ISO 14001
certified.
approximately 4.1 million ounces from mines in South Africa, Ghana, Australia and Venezuela, as
well as a developing mine at Cerro Corona in Peru. The Company has ore reserves of 65 million
ounces and mineral resources of 179 million ounces. Gold Fields has its primary listing on the
Johannesburg Securities Exchange and secondary listings on the NYSE, LSE, DIFX, Euronext in
Paris and Brussels, and on the Swiss Exchange. All of Gold Fields' operations are ISO 14001
certified.
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: 28 November 2006
GOLD FIELDS LIMITED
By:
Name: Mr W J Jacobsz
Title: Senior Vice President: Investor
Relations and Corporate Affairs