Gold Fields / GFI (NYSE, JNB)

Gold Fields Announces Total Attributable Mineral Resources of 251.7 Million Ounces and Ore Reserves of 93.8 Million Ounces

Last Update: 5:15 AM ET Jun 6, 2007

JOHANNESBURG, South Africa, June 6, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (GFI: gold fields ltd new) today published its Mineral Resource and Ore Reserve Statement for the 12 month period to 31 December 2006.
Total attributable precious metal Mineral Resources, inclusive of Ore Reserves, increased by 40% to 251.7 million ounces and total attributable Ore Reserves increased by 44% to 93.8 million ounces. Both numbers are net of 12 months' depletion and include the acquisition of South Deep gold mine.
Ian Cockerill, Chief Executive Officer of Gold Fields said:
"We are pleased to be able to announce such a strong Resource and Reserve Statement that significantly increases our overall position, not only replacing the Reserves that we have mined but also helping to grow Gold Fields and underpin our strategic focus on securing the future."
"Guided by our commitment to Corporate Governance, the consistency in reporting among our operating mines and compliance with public and internal regulatory codes of practice are paramount. The Mineral Resource Management processes utilised by the Group continue to improve through enhanced competent persons reporting. Gold Fields' Resource and Reserve Statement has been audited by a leading independent global mining consultancy and is SAMREC compliant and aligned to the requirements of the Sarbanes-Oxley Act."
Mineral Resources were calculated using a gold price of R135,000/kg in South Africa; A$875/oz in Australia; and US$650/oz in Ghana, Venezuela and Peru.
Ore Reserves were calculated using a gold price of R100,000/kg in South Africa; A$650/oz in Australia; and US$500/oz in Ghana, Venezuela and Peru, as per SEC guidelines.
The full Mineral Resource and Ore Reserve declaration Supplement is available on the Gold Fields website at http://www.goldfields.co.za
SOURCE Gold Fields Limited

Gold Fields Burkino Faso Study Nearing Completion - I-Net
Gold Fields Ltd. (GFI), Africa's second-largest gold producer, is hoping to complete a bankable feasibility study on its Essakane project in Burkina Faso within the next three to four months, spokesman Willie Jacobsz said Tuesday.

Elsewhere, BMO Capital Markets was busy switching ratings in the mining patch. Gold Fields (GFI) received an upgrade to outperform from market perform, but Goldcorp (GG), Teck Cominco (TCK), Freeport-McMoRan Copper & Gold (FCX) and Century Aluminum (CENX ) were all dropped to market perform from outperform.

TORONTO, ONTARIO, Jun 15, 2007 (MARKET WIRE via COMTEX) -- Lero Gold Corp. ("Lero", or the "Company") (CA:LER) is pleased to confirm that under the terms of the previously announced private placement agreement, the private placement of 466,840 shares in the Company at CAD$0.50 each ("Shares") to Gold Fields Exploration B.V. ("Gold Fields"), an indirect wholly-owned subsidiary of Gold Fields Limited, to raise CAD$233,420 has been completed. The Shares will be subject to restrictions on resale until October 13, 2007 in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
This is the second such placement by Gold Fields into Lero; the first being of five million shares at CAD$0.50 each, raising CAD$2,500,000 in November 2006. At completion of this second placement, Gold Fields' holding within the Company now totals 5,466,840 common shares (8.99%).
Lero has undertaken to expend at least CAD$2,000,000 of the gross proceeds from the initial private placement, together with all of the CAD$233,420 of the gross proceeds from this second private placement as exploration expenses on the tenements identified in the previous placement, being the Kentash, Taldybulak and Korgontash tenements in the Talas Region and the tenement identified in the second private placement, being the Barkol exploration licence, north western Kyrgyzstan.
In November 2006, Lero granted Gold Fields an option to enter into a joint venture agreement with the Company under which Gold Fields has the right to;

- earn up to a 60% interest in exploration licences on the Kentash,
Taldybulak and Korgontash tenements in the Talas Region by funding
exploration expenditures of up to CAD$10 million, and
- increase its interest in the project by a further 10% (to a total of 70%)
by funding the expenditure of up to a further CAD$10 million on a
feasibility study. Thereafter, Gold Fields and Lero will contribute to
the project requirements on a pro-rata basis through to development, if
appropriate.

In terms of this second private placement, Lero has agreed to extend this option to include the Barkol exploration licence as well.
President and CEO of Lero, Nick Clarke said:
"With recent positive exploration results from the Taldybulak copper-gold licence and with Gold Fields making this second investment into our Company, this can only be seen as yet another major step forward in the development of the Company's resources."
Notes to Editors:
Lero Gold Corp. (CA:LER: news, chart, profile) is a base and precious metal exploration company led by a senior management team with extensive expertise in mineral exploration and advanced project management.
In July, 2006 Oriel Resources Plc completed its previously announced transfer and sale of its gold related assets into Lero Gold Corporation ('Lero') (formerly ELE Capital Corporation - 'ELE'). Lero resumed trading on TSX Venture Exchange (TSX-V) on Thursday July 27, 2006 under the trading symbol "LER".
Lero Gold is currently seeking and evaluating advanced exploration stage gold and base metal projects in Kazakhstan, Kyrgyzstan and Russia. The Company is currently exploring two advanced staged gold deposits in the Tien Shan gold belt in the Kyrgyz Republic. For avoidance of confusion;

- The Taldybulak copper gold porphyry is a separate deposit from the
Taldybulak gold deposit previously owned by Central Asia Gold Limited.

The Company is aggressively adding high quality properties to its portfolios in Kyrgyzstan, Kazakhstan and Russia. The Company is well-funded and strategically positioned to fully participate in the current favourable investment climate through solid technical advances, unique in-country expertise, and timely business initiatives. With senior management and excellent technical expertise, Lero Gold intends to aggressively explore and develop a portfolio of new projects and targets.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Lero Gold Corporation Nick Clarke President & CEO +44 (0) 20 7514 0590 Lero Gold Corporation Darryl Yea Non-Executive Chairman (604) 699-2458 Lero Gold Corporation Gavin Dallas Marketing and PR +44 (0) 20 7514 0590 Lero Gold Corporation Patrick Elliot Manager IR (604) 643-1744 Email: info@lerogold.com Website: http://www.lerogold.com Bankside Consultants Michael Padley / Michael Spriggs +44 (0) 20 7367 8888
SOURCE: Lero Gold Corporation

JOHANNESBURG (MarketWatch) -- South Africa's Chamber of Mines, negotiating biennial wage agreements on behalf of the country's top gold producers, will make a new offer to trade unions when talks resume July 2, one of the unions said.
Solidarity and the National Union of Mineworkers this week declared a dispute with the gold producers after the Chamber declined to make a wage offer during the first round of negotiations.
"This dispute, which may lead to a strike, has now been suspended until the conclusion of the talks in July," Andre van der Merwe, Solidarity's mining general secretary, said in an e-mailed statement Thursday.
"Events on the first day of the negotiations proved that a tough negotiating season lies ahead for the gold mining industry. We have decided to hold off on the dispute as a sign of our commitment to a negotiated settlement," Van der Merwe said.
Solidarity added that it is nevertheless a fact that its members are anxious.
It said the rand gold price went up by 65% over the past two years. Technical analysts expect an upward movement in shares. The demand for gold currently exceeds supply and a report by PricewaterhouseCoopers found that no end is in sight for the increase in commodity prices. This has raised the expectations of employees.
The union added that on the other hand, there is increased price pressure on workers. The inflation rate stands at 6.3% at present and expectations are that these high levels will be maintained and may even climb slightly. The inflation rate for workers is even higher, due to the high inflation rates for food, medical care, transport and housing, which negatively affects the disposable income of workers. Worker inflation is currently calculated at between 8% and 9%.
The combined pressure brought about by the expectations of the workers in view of the industry's performance and inflationary pressure on workers creates a climate for tough negotiations.

JOHANNESBURG, Jun 19, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
Gold Fields Ltd. (GFI) Tuesday said its mining operations at the Choco 10 gold mine in Venezuela have been interrupted as a result of strike action by the local union due to an unsettled wage dispute.
The South African company, Africa's second-largest producer of gold, said management continues to engage with the interested and affected parties and aims to resolve the situation as soon as possible.
Further updates will be issued should there be a change in the situation, it said.

JOHANNESBURG, Jun 19, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI) expects a strike by Venezuelan workers to result in a drop in production at its Choco 10 gold mine of between 5,000 and 6,000 troy ounces for the current quarter, the South African company said Tuesday.
Gold Fields had previously been expecting output at Choco 10 of roughly 8,000 ounces, company spokesman Willie Jacobsz told Dow Jones Newswires.
The company produced 989,000 ounces in the three months to the end of March, 26,000 ounces less than in the second quarter of the financial year.

JOHANNESBURG, Jun 19, 2007 (Dow Jones Commodities News via Comtex) -- South Africa's Chamber of Mines said Tuesday that it will begin wage negotiations on behalf of the gold mining industry Wednesday and on behalf of coal miners on June 26.
The organization is representing companies such as AngloGold Ashanti Ltd. (AU) Gold Fields Ltd. (GFI) and Exxaro Resources Ltd. (EXX.JO) in collective bargaining with unions.
The Chamber said it held a meeting with the National Union of Mineworkers, Solidarity and the United Association of South Africa Tuesday at which the trade unions tabled their wage demands.
The unions have previously said they are calling for double-digit percentage increases from employers.
"Even though we have received an unprecedented number of demands from the three unions, employers in the industry have been thinking of some of these issues and we need to put our heads together to agree on the best way forward," Chamber of Mines chief negotiator Elize Strydom said.
"We all have our mandates, but I have confidence in my counterparts that we all have the best interests of the industry at heart and this is the spirit in which these negotiations are being held," she added in a statement.

JOHANNESBURG, Jun 19, 2007 (Dow Jones Commodities News via Comtex) -- TOP STORIES: South African Gold Industry Wage Talks To Begin Wednesday
South Africa's Chamber of Mines said Tuesday that it will begin wage negotiations on behalf of the gold mining industry Wednesday and on behalf of coal miners on June 26.
Gold Fields: Choco 10 Mine Output Seen Below Estimate
JOHANNESBURG (Dow Jones)--Gold Fields Ltd. (GFI) expects a strike by Venezuelan workers to result in a drop in production at its Choco 10 gold mine of between 5,000 and 6,000 troy ounces for the current quarter, the South African company said Tuesday.

JOHANNESBURG, Jun 22, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI) Friday said a strike that began June 6 at its Choco 10 gold mine in Venezuela has ended and employees have returned to work.
However, the strike has impacted production at the mine and output is now expected to be about 5,800 troy ounces for the quarter against a previous estimate of 8,000 ounces, the South African company said.
Company Web site: http://www.goldfields.co.za/

JOHANNESBURG, Jun 22, 2007 (Dow Jones Commodities News via Comtex) -- (This updates an article published at 1242 GMT with additional details and background.)
Gold Fields Ltd. (GFI) Friday said a strike that began June 6 at its Choco 10 gold mine in Venezuela has ended and employees have returned to work.
However, the strike has impacted production at the mine and output is now expected to be about 5,800 troy ounces for the quarter against a previous estimate of 8,000 ounces, the South African company said.
The company produced 989,000 ounces in the three months to the end of March, 26,000 ounces less than in the second quarter of the financial year.
At 1242 GMT, Gold Fields shares were trading flat at ZAR117.50 amid a negative overall market.
The company earlier in the week said roughly 400 of the mine's 520 workers had gone on strike following an unsettled wage dispute.
Gold Fields acquired the Choco 10 mine and surrounding concessions located in the El Callao district of Venezuela with the purchase of Bolivar Gold Corp., which became effective in March 2006.
The mine began production in August 2005 with declared reserves of 1.2 million ounces, and Gold Fields on its Web site said it is in the initial ramp-up stage toward its design capacity of 1.9 million tons of ore processed a year.
The production buildup has been below the company's expectations, as a result of the nature of the ore fed to the plant, plant breakdowns, water shortages and low mining equipment availability, Gold Fields has said.

JOHANNESBURG, Jun 22, 2007 (Dow Jones Commodities News via Comtex) -- TOP STORIES: Northam Platinum Faces Demand For 20% Wage Hike - Union
Northam Platinum Ltd. (NHM.JO), which faces a demand to raise workers' pay by 20%, was Friday criticized by South Africa's largest mining union for failing to table an offer in the current round of biennial wage negotiations.
UPDATE: Gold Fields Says Strike Ends At Venezuela Gold Mine
JOHANNESBURG (Dow Jones)--Gold Fields Ltd. (GFI) Friday said a strike that began June 6 at its Choco 10 gold mine in Venezuela has ended and employees have returned to work.
South African Gold Cos, Unions To Resume Talks - Union
JOHANNESBURG (Dow Jones)--South Africa's Chamber of Mines, negotiating biennial wage agreements on behalf of the country's top gold producers, will make a new offer to trade unions when talks resume July 2, one of the unions said

JOHANNESBURG, Jun 22, 2007 (Dow Jones Commodities News via Comtex) -- TOP STORIES: UPDATE: Gold Fields Says Strike Ends At Venezuela Gold Mine
Gold Fields Ltd. (GFI) Friday said a strike that began June 6 at its Choco 10 gold mine in Venezuela has ended and employees have returned to work.

Jun 25, 2007 (Dow Jones Commodities News via Comtex) -- DOW JONES NEWSWIRES
Gold Fields Ltd. (GFI) named Tommy McKeith executive vice president and head of exploration, effective Oct. 1.
McKeith, most recently chief executive of Troy Resources N.L. (TRY.AU), succeeds Craig Nelson who left the company May 30 to become chief executive of a new business venture in Denver.
Gold Fields is a Johannesburg-based gold exploration company.

JOHANNESBURG, Jun 27, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
Gold Fields Ltd. (GFI) has raised its stake in GoldQuest Mining Corp., an exploration company focused on the Dominican Republic, to 10.85%, the South African gold producer said Wednesday.
Gold Fields wholly-owned subsidiary Gold Fields Exploration B.V. exercised warrants to acquire 1.2 million common shares of GoldQuest, represent about 2.43% of the outstanding shares in the company, at $0.30 a share.
The warrants of GoldQuest were originally acquired by Gold Fields Exploration on Aug. 8, 2005, as part of a private placement.
Gold Fields said that while it has no current intention to acquire additional securities of GoldQuest in the immediate future, "it may increase or decrease its interest in GoldQuest at prices which it determines to be attractive at any time."

JOHANNESBURG, South Africa, June 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (Gold Fields) (NYSE, JSE, DIFX: GFI) is pleased to announce that Tommy McKeith will replace Craig Nelsen as Executive Vice President and Head of Exploration with effect 1 October 2007.
Prior to his position as Chief Executive Officer at Troy Resources NL, Mr McKeith was employed at Gold Fields as Vice President, Business Development. His experience includes sixteen years in business development and mine and exploration geology in the international mining sector.
http://www.goldfields.co.za
SOURCE Gold Fields Limited

JOHANNESBURG, South Africa, June 27, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (NYSE, JSE, DIFX:GFI) announced that on June 22, 2007 its indirect wholly-owned subsidiary Gold Fields Exploration B.V. ("Gold Fields Exploration") exercised warrants to acquire 1,200,000 common shares of GoldQuest Mining Corp (TSXV:GQC) ("GoldQuest") for an exercise price of US$0.30 per common share. The 1,200,000 common shares acquired represent approximately 2.43% of the outstanding common shares of GoldQuest. Following its exercise of the warrants, Gold Fields Exploration holds approximately 10.85% of the outstanding common shares of GoldQuest.
The warrants of GoldQuest were originally acquired by Gold Fields Exploration on August 8, 2005 as part of a private placement. While Gold Fields Exploration has no current intention to acquire additional securities of GoldQuest in the immediate future, it may increase or decrease its interest in GoldQuest at prices which it determines to be attractive at any time.
GoldQuest is an exploration company focused on the Dominican Republic. Through regional grass-roots generative exploration and new geological models the company has built a portfolio of new gold and copper discoveries
Gold Fields Limited is one of the world's largest unhedged producers of gold, with attributable production of 4.2 million ounces per annum, ore reserves of 94 million ounces and mineral resources of 251 million ounces. The company is listed on the JSE Securities Exchange (primary listing), NYSE, LSE, DIFX, Euronext in Paris and Brussels, as well as on the Swiss Exchange.
SOURCE Gold Fields Limited

DALLAS, Jul 05, 2007 (BUSINESS WIRE) -- Rox Resources Ltd. (RXRS: rox res ltd com new) has been rated "Speculative Buy" with a target price of $.20 by Beacon Equity Research Analyst, Lisa Springer, CFA.
The full report is available at http://www.BeaconEquityResearch.com
Anyone interested in receiving alerts regarding Rox Resources Ltd. research should email members@beaconequityresearch.com with "RXRS" in the subject line.
In the report, the analyst writes, "Rox Resources Ltd. (RXRS) is acquiring Canadian mining properties and plans to explore for copper, zinc, gold and other valuable metals. The Company's principle mineral property is the Fox Mine, located in the Canadian province of Manitoba. The Fox Mine, situated 44 kilometers southwest of the town of Lynn Lake, Manitoba, covers an area of 8.2 square miles."
"An annual survey of mining companies conducted by the Fraser Institute indicates that Canada's Manitoba region, where Rox Resources' properties are located, is considered to have the world's best potential for significant mineral resources."
Other companies in the mineral exploration market include Teck Cominco Ltd. (TCK: teck cominco ltd cl b) , Gold Fields Ltd. (GFI: gold fields ltd new sponsored adr) Arch Coal Inc. (ACI: arch coal inc com) , and Can Alaska Ventures (CA:CVV) .

JOHANNESBURG, Jul 20, 2007 (Dow Jones Commodities News via Comtex) -- South Africa's largest gold producers are set to resume wage negotiations with the country's trade unions Monday, the Chamber of Mines said Friday.
The chamber, which is negotiating on behalf of AngloGold Ashanti Ltd. (AU), Gold Fields Ltd. (GFI) and Harmony Gold Mining Co. (HMY), said the talks in Johannesburg will mark the fourth round of negotiations with the National Union of Mineworkers, Solidarity and United Association of South Africa.
The companies have offered a 7% wage hike in the face of demands for a 15% increase.

JOHANNESBURG, Jul 26, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
Conquest Mining Ltd. (CQT.AU) has entered a binding joint venture agreement with Gold Fields Australasia Pty Ltd. for the wholly-owned subsidiary of Gold Fields Ltd. (GFI) to earn a 51%interest in part of Conquest's Central Queensland landholdings.
Conquest in a statement on its Web site dated July 25 said the Regional JV Area comprises eight exploration tenements covering an area of some 1,600 square kilometers. Within the Regional JV Area is an excluded zone of approximately 7 km2 where Conquest has progressed its Mt Carlton project, including the outstanding Silver Hill deposit, and is presently undertaking pre-feasibility work with a view to developing an open pit mining operation.
During the 51% earn-in phase, Conquest will continue to solely develop its Mt Carlton project while Gold Fields undertakes exploration within the Regional JV Area.
Upon satisfying predetermined drill length based criteria and minimum exploration spend, Gold Fields Australasia has an option to increase its interest in the Regional JV Area by acquiring a further 24% and will also have an option to purchase a 50% interest in the Mt Carlton project.
The involvement of Gold Fields will help realize material upside in Conquest's exploration acreage within the Regional JV Area.
In the medium term, the agreement affords Conquest the means to pursue a dual path of becoming a producer, via development of the Mt Carlton project, whilst maintaining an aggressive exploration program on the now recognized highly prospective surrounding Regional JV Area.
Gold Fields is the fourth-largest gold producer in the world with a market capitalization of $11 billion. The company produces over 4 million oz of gold annually, and has significant ore reserves of 94 million oz and resources of 215 million oz. Gold Fields has operating mines in South Africa, Australia, Ghana, and Venezuela as well as a developing project in Peru.
Gold Fields is obliged to expend at least $5 million in respect of the Regional JV Area in the first 12 months of the JVA.
Conquest Mining Limited is an ASX-listed multi-commodity explorer. Conquest's exploration projects include the Mt Carlton gold/silver/copper project near Charters Towers, the Crush Creek gold joint venture with Basin Gold Pty Ltd., the Collinsville gold/copper project. the Leonora gold JV with Hannans Reward Ltd.
Company Web site: http://www.conquestmining.com.au