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 June 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
Tel +27 11 562-9700
Fax +27 11 562-9801
www.goldfields.co.za
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562-9700
Fax +27 11 562-9801
www.goldfields.co.za
Enquiries
Media and Investor Enquiries
Willie Jacobsz
Tel + 508 839-1188
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
Gold Fields Sells Stake in Sino Gold for
US$282 Million
Johannesburg, 3 June 2009: Gold Fields Limited (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that
agreement has been reached in terms of which Gold Fields will sell
its current 19.9% stake in Sino Gold Mining Limited (Sino Gold) (ASX:
SGX, HKSE: 1862) to Eldorado Gold Corporation (Eldorado) (TSX:
ELD, NYSE-A: EGO) for a total consideration of approximately
US$282 million*.
Gold Fields will receive a share exchange ratio of 48 Eldorado shares
for every 100 Sino Gold shares, which will result in Gold Fields
holding 27,824,654 Eldorado shares or approximately 7% of the
outstanding shares of Eldorado on a fully diluted basis.
In addition, Gold Fields will hold a top-up right for a period of 18
months, which will apply should Eldorado purchase an additional 5%
or more of the outstanding shares of Sino Gold and the sellers in that
transaction realize a consideration ratio in excess of the share
exchange ratio of 0.48 Eldorado shares per Sino Gold share received
by Gold Fields.
Nick Holland, Chief Executive Officer of Gold Fields, said: "After
having received several expressions of interest for our stake in Sino
Gold, we believe that this transaction is the most value creating for
our shareholders because it has enabled us to crystallise the value of
our investment while retaining exposure to China as a potential area
for the future.
Holland added that this sale did not detract in any way from Gold
Fields' strategy to grow its international production: "We have
definitely not changed course and our aspiration to grow production in
each of our three international regions, West Africa, South America
and Australasia, to at least 1 million ounces per annum, within a three
to five year time horizon, remains intact. Gold Fields will retain some
exploration joint ventures with Sino over the Jinshu project and other
nominated properties in China, while strengthening its own team in
China, to allow for independent growth in that country.
(JSE, NYSE, NASDAQ Dubai: GFI) is pleased to announce that
agreement has been reached in terms of which Gold Fields will sell
its current 19.9% stake in Sino Gold Mining Limited (Sino Gold) (ASX:
SGX, HKSE: 1862) to Eldorado Gold Corporation (Eldorado) (TSX:
ELD, NYSE-A: EGO) for a total consideration of approximately
US$282 million*.
Gold Fields will receive a share exchange ratio of 48 Eldorado shares
for every 100 Sino Gold shares, which will result in Gold Fields
holding 27,824,654 Eldorado shares or approximately 7% of the
outstanding shares of Eldorado on a fully diluted basis.
In addition, Gold Fields will hold a top-up right for a period of 18
months, which will apply should Eldorado purchase an additional 5%
or more of the outstanding shares of Sino Gold and the sellers in that
transaction realize a consideration ratio in excess of the share
exchange ratio of 0.48 Eldorado shares per Sino Gold share received
by Gold Fields.
Nick Holland, Chief Executive Officer of Gold Fields, said: "After
having received several expressions of interest for our stake in Sino
Gold, we believe that this transaction is the most value creating for
our shareholders because it has enabled us to crystallise the value of
our investment while retaining exposure to China as a potential area
for the future.
Holland added that this sale did not detract in any way from Gold
Fields' strategy to grow its international production: "We have
definitely not changed course and our aspiration to grow production in
each of our three international regions, West Africa, South America
and Australasia, to at least 1 million ounces per annum, within a three
to five year time horizon, remains intact. Gold Fields will retain some
exploration joint ventures with Sino over the Jinshu project and other
nominated properties in China, while strengthening its own team in
China, to allow for independent growth in that country.
2/…
-2-
The transaction is subject to regulatory approvals, including South African Reserve Bank approval
and is expected to close at the end of August 2009.
*Based on the closing price of Eldorado on 2 June 2009
Enquiries:
Willie Jacobsz
Mobile: +857 241-7127
Nikki Catrakilis-Wagner
Mobile: +27 (0) 83 309 6720
Marritt Claassens
Mobile: +27 (0) 82 307-3297
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 steady state production of approximately 4
million ounces per annum from nine operating mines in South Africa, Peru, Ghana and Australia. 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), NYSE Euronext in Brussels (NYX) and Swiss Exchange (SWX).
For more information please visit the Gold Fields website at www.goldfields.co.za.
About Eldorado
Eldorado is a gold producing, exploration and development company actively growing businesses in Brazil, China, Greece, and Turkey and
surrounding regions. Eldorado is one of the lowest cost pure gold producers and has international expertise in mining, finance and project
development, together with highly skilled and dedicated staff, Eldorado is well positioned to grow in value by pursuing new opportunities.
About Sino Gold
Sino Gold has been active in China since 1996 and owns 82% of the Jinfeng gold mine in Guizhou Province, southern China, which has
Mineral Resources containing 4.6 million ounces and Ore Reserves containing 3.2 million ounces. Jinfeng will be one of the largest gold
mines in China when the project achieves planned initial production of 180,000 ounces per annum. Sino Gold aims to increase Jinfeng’s
gold production to optimal levels as quickly as possible. The White Mountain project in Jilin Province, northeast China, is now being
developed into Sino Gold’s second mine. In December 2007, Sino Gold completed the takeover of Golden China Resources Corporation
and announced the Eastern Dragon acquisition. Sino Gold now has projects that provide a clear pathway for the Company to produce
500,000 ounces of low-cost gold annually by 2010 Sino Gold is a producing gold company actively pursuing a discovery and acquisition
strategy in China. With a “first mover” advantage, it holds a strong competitive position in China. Sino Gold is listed on the Australian
Securities Exchange (ASX Code: SGX) and the Stock Exchange of Hong Kong (SEHK Code: 1862).
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: 03 June 2009
GOLD FIELDS LIMITED
By:
Name: Mr W J Jacobsz
Title: Senior Vice President: Investor
Relations and Corporate Affairs