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 March 2009
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): ________
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), N J Holland
†
(Chief Executive Officer), K Ansah, C Carolus, R Dañino*, J G Hopwood, G Marcus,
R P Menell, D N Murray, D M J Ncube, R L Pennant-Rea
†
, C I von Christierson, G M Wilson
†
British,
#
Ghanaian, *Peruvian
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
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562-9700
Fa +27 11 562-9801
Fa +27 11 562-9801
www.goldfields.co.za
Enquiries
Media and Investor Enquiries
Willie Jacobsz
Tel
+508 358-0188
Mobile +857 241-7127
email
Willie.jacobsz@gfexpl.com
Investor Enquiries
Nikki Catrakilis-Wagner
Tel
+27 11 562-9706
Mobile +27 (0) 83 309-6720
email
Nikki.Catrakils-Wagner@
goldfields.co.za
Media Enquiries
Marritt Claassens
Tel
+27 11 562-9774
Mobile +27 (0) 82 307-3297
email
MarrittC@goldfields.co.za
MEDIA RELEASE
Standard and Poor’s assigns Gold Fields an
investment grade credit rating
Johannesburg, 19 March 2009. Standard and Poor’s Ratings Services
(“S&P”) today assigned Gold Fields Limited (‘’Gold Fields’’) (JSE,
NYSE, NASDAQ Dubai: GFI) with a ‘BBB-/ A-3‘ long-term and short-term
global corporate credit rating and ‘zaA/zaA-1’ long-term and short-term
South Africa national scale corporate credit rating. The outlook is stable.
The long-term ratings reflect Gold Fields’ satisfactory business risk and
intermediate financial risk profiles while the short-term ratings reflect Gold
Fields’ adequate liquidity.
The satisfactory business risk profile reflects Gold Fields’ market position
as the world’s fourth largest gold producer, an industry-leading long
reserve life of over 20 years, healthy profitability underpinned by
persistently strong gold prices. The company’s leverage and financial
policy is considered to be moderate.
The stable outlook reflects the expectation that Gold Fields will continue
to report healthy cash flow generation, supported by ongoing strong gold
prices and a weak exchange rate.
Paul Schmidt, Chief Financial Officer of Gold Fields, said:
“The credit rating is an independent endorsement of Gold Fields as an
investment grade company with a stable outlook. The rating further
confirms aspects such as Gold Fields’ sound corporate governance and
risk management while aligning it with global best practice and its peers.
Although the intention is to reduce debt over the next 18 months, an
official credit rating will allow flexibility to efficiently structure long-term
debt as well as new debt, should the need arise.
(“S&P”) today assigned Gold Fields Limited (‘’Gold Fields’’) (JSE,
NYSE, NASDAQ Dubai: GFI) with a ‘BBB-/ A-3‘ long-term and short-term
global corporate credit rating and ‘zaA/zaA-1’ long-term and short-term
South Africa national scale corporate credit rating. The outlook is stable.
The long-term ratings reflect Gold Fields’ satisfactory business risk and
intermediate financial risk profiles while the short-term ratings reflect Gold
Fields’ adequate liquidity.
The satisfactory business risk profile reflects Gold Fields’ market position
as the world’s fourth largest gold producer, an industry-leading long
reserve life of over 20 years, healthy profitability underpinned by
persistently strong gold prices. The company’s leverage and financial
policy is considered to be moderate.
The stable outlook reflects the expectation that Gold Fields will continue
to report healthy cash flow generation, supported by ongoing strong gold
prices and a weak exchange rate.
Paul Schmidt, Chief Financial Officer of Gold Fields, said:
“The credit rating is an independent endorsement of Gold Fields as an
investment grade company with a stable outlook. The rating further
confirms aspects such as Gold Fields’ sound corporate governance and
risk management while aligning it with global best practice and its peers.
Although the intention is to reduce debt over the next 18 months, an
official credit rating will allow flexibility to efficiently structure long-term
debt as well as new debt, should the need arise.
ends
Enquiries:
Willie Jacobsz
Mobile: +857 241-7127
Nikki Catrakilis-Wagner
Mobile: +27 (0) 83 309 6720
Marritt Claassens
Mobile: +27 (0) 82 307-3297
ends
About Gold Fields
Gold Fields Limited is one of the world’s largest unhedged producers of gold with attributable production of 3,64 million ounces per annum
from eight operating mines in South Africa, Ghana and Australia. A ninth mine, Cerro Corona Gold/Copper mine in Peru, commenced
production in August 2008 at an initial rate of approximately 375,000 gold equivalent ounces per annum. Gold Fields aims to reach a
production rate of approximately 4.0 million ounces per annum during the March quarter of 2009. The company has total attributable ore
reserves of 83 million ounces and mineral resources of 251 million ounces. Gold Fields is listed on the JSE Limited (primary listing), New
York Stock Exchange (NYSE), NASDAQ Dubai Limited (NASDAQ Dubai), New Euronext in Brussels (NYX) and Swiss Exchange (SWX).
For more information please visit the Gold Fields website at www.goldfields.co.za.
from eight operating mines in South Africa, Ghana and Australia. A ninth mine, Cerro Corona Gold/Copper mine in Peru, commenced
production in August 2008 at an initial rate of approximately 375,000 gold equivalent ounces per annum. Gold Fields aims to reach a
production rate of approximately 4.0 million ounces per annum during the March quarter of 2009. The company has total attributable ore
reserves of 83 million ounces and mineral resources of 251 million ounces. Gold Fields is listed on the JSE Limited (primary listing), New
York Stock Exchange (NYSE), NASDAQ Dubai Limited (NASDAQ Dubai), New Euronext in Brussels (NYX) and Swiss Exchange (SWX).
For more information please visit the Gold Fields website at www.goldfields.co.za.
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: 19 March 2009
GOLD FIELDS LIMITED
By:
Name: Mr W J Jacobsz
Title: Senior Vice President: Investor
Relations and Corporate Affairs