Gold Fields / GFI (NYSE, JNB)

    Gold Fields Delivers Positive Feasibility Study for Essakane


    Annual production of 300,000 oz/yr at less than $300/oz and 15% IRR


    OTTAWA, ONTARIO, Sep 11, 2007 (MARKET WIRE via COMTEX) -- Orezone Resources Inc. (CA:OZN) (OZN: orezone res inc com) and Gold Fields Ltd (GFI: gold fields ltd new sponsored adr) (JSE: GFI)(DIFX: GFI) are pleased to announce that a NI 43-101 compliant Definitive Feasibility Study ("D FS") for the Essakane Project in Burkina Faso, West Africa, has been delivered to Orezone as part of a Shareholders agreement which provides for Gold Fields earning a 60% interest in the Essakane Project upon issuance of this DFS. An executive summary of the study that was prepared by GRD Minproc of South Africa will be filed on SEDAR within the next 30 days. Orezone and Gold Fields have 90 days to review the study prior to a final a production decision being made. The permitting process is already underway in Burkina Faso and all permits including a mining convention are expected to be in place prior to making a production decision before the end of the year.

    JOHANNESBURG, Sep 26, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI), Africa's second-largest gold producer, has a further 600,000 troy ounces in output to add by the end of 2009 to meet its target of raising production at its international operations by 1.5 million ounces.
    The Johannesburg-based company in its annual report released Wednesday said that in the short term it would focus on growth in regions where it already operates and critical mass, preferably located immediately adjacent to existing assets.
    Cerro Corona mine is on track for commissioning in early financial year 2008, and Chief Executive Ian Cockerill said it would repay its initial capital investment of $340 million within three years.
    The project is designed to deliver 400,000 ounces a year of gold equivalent production in the first two years at total cash costs of about $300 an ounce.
    Gold Fields' Choco 10 mine in Venezuala, meanwhile, has been constrained by a water shortage and labor disputes. The company said the problems are being addressed and it's confident upgrading a plant and infrastructure and improved staff working conditions will yield benefits.
    It has invested $10 million in drilling programs, including on the recently acquired Choco 6 concession, to define targets to achieve a 300,000 ounce production level at cash costs below $300 an ounce by financial year 2009.
    "With successful growth secured through South Deep and Cerro Corona, in particular, the group has tightened its targeting criteria from the "rule of twos" to "rule of fives," Gold Fields said.
    The former rule referred to targeting assets capable of supporting 200,000 ounces a year in production from two million ounces of reserves. The company said it would now look to assets closer to 500,000 ounces of annual production, such as the Cerro Corona project in Peru, in order to maintain a portfolio of a few large, high-quality, long-life assets.
    During the financial year, Gold Fields acquired the South Deep mine in South Africa for roughly 25 billion rand ($3.6 billion). The mine, located adjacent to the company's Kloof mine, has reserves of some 30.6 million ounces in a resource of 66.8 million ounces.
    Gold Fields' attributable production in the year to June was 4.02 million ounces of gold, down slightly from 4.07 million ounces in financial 2006.
    Cockerill in a statement said the company expects to boost output to 4.25 million ounces in fiscal 2008, and limit the increase in cash costs to between 10% and 15%.
    "After the intense activity of 2007, next year will be mainly a period of consolidation for the group. Bringing Cerro Corona to production and the further build up at South Deep will contribute largely to improving Gold Fields' attributable gold production to 4.25 million ounces," Cockerill said.
    The company would in the current year bed down recent acquisitions, Cockerill said.
    The CEO added the long-term fundamentals supporting the gold price remain positive, and exchange traded funds would continue to stimulate investment demand as new listings are introduced in the Middle Eastern and Asian regions.
    Dehedging is expected to continue, and the dollar shows few signs of significant strengthening, he said, while emerging wealth in Middle Eastern and Asian regions should provide strong support to sustained demand for gold, given the cultural significance of the metal.
    Company Web site: http://www.goldfields.co.za

    Na Ian, dann mach mal was...wir warten!


    01.10.2007 12:29
    Chefs von Gold Fields und Barrick: Gold kann mindestens 30% steigen
    Die Chefs der großen Goldgesellschaften sind sich einig, dass der Goldpreis um weitere 30 Prozent steigen könnte. Nachdem Gold derzeit schon auf einem 27-Jahre Hoch steht, würden die Preise bei sinkendem Angebot und steigender Nachfrage seitens der Investoren und Juweliere weiter in die Höhe gehen. Ian Cockerill, CEO von Gold Fields, (Nachrichten) hält Goldpreise von bis zu 1200 $ innerhalb der nächsten 2 Jahre für möglich, während Gregory Wilkins, CEO von Barrick Gold, (Nachrichten/Aktienkurs) 1000 $/oz im Rahmen des Möglichen sieht.


    Diese Meldung ist ein Service von http://www.GoldSeiten.de und http://www.Rohstoff-Welt.de, den führenden Websiten für Edelmetalle und Rohstoffe im deutschsprachigen Raum.

    Da ist noch jemand, der uns was zutraut. Merci!


    Info:


    08.10.2007 14:06
    Gold Fields chancenreich (Wirtschaftswoche)
    Düsseldorf (aktiencheck.de AG) - Die Experten der "Wirtschaftswoche" halten die Aktie von Gold Fields (ISIN ZAE000018123 (Nachrichten)/ WKN 856777 (Aktie) und ISIN US38059T1060/ WKN 862484 (ADR)) für ein chancenreiches Investment.


    Die Experten würden mit einem weiter anziehenden Goldpreis rechnen. Daher böten kurzfristige Rücksetzer interessante Kaufgelegenheiten. Ihrer Einschätzung nach sollten die großen Goldförderer von dieser Entwicklung überdurchschnittlich profitieren.


    Gold Fields sei gemessen an der Goldproduktion von zuletzt 4 Mio. Unzen weltweit die Nummer 4 unter den Goldkonzernen. Die geprüften Reserven hätten sich 2006 auf 94 Mio. Unzen belaufen. Die Förderkosten seien von 345 USD auf 400 USD je Unze gestiegen. Dennoch habe der Konzern den Gewinn im abgelaufenen Geschäftsjahr 2006/07 von 241 auf 328 Mio. Euro gesteigert.


    Nach Meinung der Experten der "Wirtschaftswoche" weist die Gold Fields-Aktie ein attraktives Chance/Risiko-Verhältnis auf. Ein Stop-loss-limit sollte bei 13,60 USD (ADR) platziert werden. (Ausgabe 41) (08.10.2007/ac/a/a) Analyse-Datum: 08.10.2007


    Gruss,

    Und es wird immer besser...


    12.10.2007 09:21
    Gold Fields agrees to sell Venezuelan assets to Rusoro Mining for 532 mln usd


    LONDON (Thomson Financial) - Gold Fields Ltd (Nachrichten) said it agreed to sell its Venezuelan assets to Rusoro Mining Ltd (Nachrichten) for about 532 mln usd.


    Rusoro will pay Gold Fields a minimum of 150 mln usd in cash, 30 mln usd in convertible debt, and 140 mln Rusoro shares.


    Rusoro and Gold Fields expect the transaction to close in early December 2007.


    julie.crust@thomson.com


    jc



    COPYRIGHT



    Copyright Thomson Financial News Limited 2007. All rights reserved.


    The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.




    GOLD FIELDS LIMITED
    RUSORO MINING

    Gruss,

    Das wärmt doch etwas auf bei dem Wetter:



    24.10.2007 09:06
    Gold Fields Ltd.: buy (Goldman Sachs Group Inc.)
    Rating-Update:


    New York (aktiencheck.de AG) - Die Analysten von Goldman Sachs stufen die Aktie von Gold Fields (ISIN ZAE000018123 (Nachrichten)/ WKN 856777) von "neutral" auf "buy" hoch. Das Kursziel werde von 19 auf 23 USD angehoben. (24.10.2007/ac/a/u) Analyse-Datum: 24.10.2007


    Gruss,

    ...



    Hallo Ihr!



    Habe mir heute einen 2% Depotanteil Goldfields geschaffen, mit seit Monaten langsam Ersparten Geldern.
    (Ist also neu & zusätzlich und durch keinen Verkauf aus dem Depot bereitgestellt worden.)
    Kann sein, dass ich diese Position langsam aufstocke, in den nächsten Monaten, - mal sehen, - jedenfalls gilt:
    was man hat, hat man. :)



    Gruß!
    gutso


    Hier noch mal der bezug auf die Probleme mit Chavez, aber das ist eingepreist, denke ich.


    http://www.emfis.de/global/glo…vor_die_Tuer_ID66544.html



    Socialismo o muerte !!


    :D



    [tube]cp1nlqVEaQE[/tube]

    Goldfields informiert heute seine Aktionäre und die Analysten über Status und Auswirkungen der Stromausfälle. Falls es sich jemand anhören will (per Tel oder Webcast), wie das Thema (vielleicht...) weitergeht:


    GOLD FIELDS LIMITED


    Teleconference


    Monday, February 25, 2008


    Gold Fields Limited will be hosting a teleconference to discuss the impact of the power rationing on its South African operations on Monday, February 25 at the times listed above. [Edit Pauli: "below"... :rolleyes:] A set of slides for the teleconference will be available on the Gold Fields website http://www.goldfields.co.za 30 minutes before the start of the teleconference.



    For Johannesburg: 16:30
    For United Kingdom: 14:30 hours GMT
    For Europe: 15:30 hours, European time
    For North America: 09:30 a.m., Eastern time

    DIAL IN NUMBERS
    South Africa Toll: 011 535 3600 Toll-free 0800 200 648
    USA Toll: 1 412 858 4600 Toll-free 1800 860 2442 Australia Toll-free 1800 350 100
    United Kingdom Toll-free 0800 917 7042 Canada Toll-free 1 866 519 5086
    Europe and other Toll: + 41 916 105 600 Toll-free + 800 246 78 700

    Ask for Gold Fields call
    SIMULTANEOUS AUDIO WEBCAST
    Available at our website, http://www.goldfields.co.za


    DIGITAL REPLAY AVAILABLE ONE-HOUR AFTER CALL

    Playback code: 2541#
    (Available for seven days)


    South Africa & Other: + 27 11 305 2030
    USA: 1 412 317 0088
    United Kingdom: 0808 234 6771
    Europe: + 41 91 612 4330 (Switzerland)

    Erst wenn die letzte Bank pleite, der letzte Staat ruiniert, die letzte Währung wertlos geworden ist, werdet Ihr merken, dass man Gold nicht drucken kann.

    Hugh Hendry sagte heute morgen auf CNBC, dass er GFI (auch HMY) trotz der Probleme kauft. Er betrachtet GFI und andere in SA als"bank", die Gold im Keller hat, auch wenn man auf Jahre schwer drankommt. Das politische Risiko in SA erwähnte er nicht. Seine Au-Prognose:2000 in 5 Jahren.

    Habe ja schon alles verkauft. Trotzdem für alle zur Info: Cockerill tritt zurück und CD-Chef Munro gleich dazu! Da scheint die Kacke am Dampfen zu sein...



    Leadership Changes at Gold Fields


    TELECONFERENCE


    Gold Fields will host a teleconference on Monday, March 31, at 16:30 Johannesburg time, regarding this announcement. Details of the teleconference appears at the bottom of this press release.


    Johannesburg, 31 March 2008. The Board of Gold Fields Limited (“Gold Fields”) (NYSE, JSE, DIFX: GFI) wishes to announce that, after a distinguished nine years with Gold Fields, the last six as Chief Executive Officer, Ian Cockerill has decided to step down. He will be joining a company outside of the gold industry, the name of which will be announced later in the week.
    Ian will be succeeded by Nick Holland who has been the Chief Financial Officer of Gold Fields since its inception in 1998. In a complimentary move, Terence Goodlace, Executive Vice President and Head of South African Operations, will be appointed to the new position of Chief Operating Officer, and as a member of the Gold Fields Board. A new Chief Financial Officer will be recruited to replace Nick.


    The Board also wishes to announce that, unrelated to Ian’s resignation :D :rolleyes: , John Munro, Executive Vice President of Corporate Development, has resigned to take up the position of Chief Executive Officer of a new uranium company. John’s executive responsibilities for Corporate Development will be assumed by Jimmy Dowsley, Senior Vice President for Business Development. In a supporting move, Juan Luis Kruger, Senior Vice President and Head of Operations in Peru, will be appointed to the Gold Fields Executive Committee, to head up South American Operations.


    Alan Wright, Chairman of Gold Fields, said: “In his nine years with Gold Fields, Ian has made a tremendous contribution to the Company. He very effectively established Gold Fields as a global player with world-class operations in Africa, South America and Australia, as well as a large portfolio of exploration projects in all of the major gold provinces of the world. Particularly valuable, especially at this time, is the excellent succession strategy that Ian has put in place. Gold Fields’ depth of management is unrivalled in the industry, and made it relatively easy for the Board to decide on his successor.”


    “While we are sad to see Ian leave so soon before Gold Fields will start reaping the rewards of the Cerro Corona project in Peru, which will come into production by the middle of the year, and the South Deep Project in South Africa, we respect his decision to move on. We thank Ian for the outstanding contribution that he has made to Gold Fields, and wish him well in the next phase of his career. Both Nick Holland and Terence Goodlace are veterans of the gold mining industry and their depth of knowledge of Gold Fields specifically and the industry generally, is unrivalled. With the Holland/Goodlace team at the helm during an exciting growth phase, the future remains bright for Gold Fields,” Wright added.


    Ian Cockerill said: “The decision to leave Gold Fields was not an easy one but I have always believed that a CEO has a shelf life of about six to seven years. :D As Gold Fields enters the next and very exciting phase of its growth and development, with Cerro Corona and South Deep, as well as the expansion at Tarkwa, being brought to account, it is time for a fresh hand at the rudder. As a substantial shareholder I am very comfortable with the new leadership appointed by the Board.”


    Nick Holland, CEO Designate of Gold Fields said: “I am both humbled and energized by my appointment as Chief Executive Officer, at a time when Gold Fields and its shareholders are poised to reap the benefits of a number of new gold projects against the backdrop of a higher gold price environment. I intend to build on the solid foundation which Ian has laid over the past six years, and to lead Gold Fields to new heights.”


    Terence Goodlace, COO Designate said: “Gold Fields has in its portfolio some of the best and most exciting gold assets in the world. My new role is to re-energize the operational teams so as to ensure that we deliver on our undertakings to shareholders. In addition to ensuring that the existing operations perform to their potential, our priorities in the short term are to deliver the new Cerro Corona mine on time, to complete the Tarkwa expansion, and to turn the South Deep project to account.”


    Alan Wright also thanked John Munro for the significant contribution that he has made to Gold Fields over the years: “On his watch Gold Fields acquired the St Ives and Agnew mines in Australia as well as the Teberebie and Damang mines in Ghana. John was also involved in the acquisition of the Arctic Platinum Project in Finland and the Cerro Corona project in Peru, as well as the disposal of the Choco 10 mine in Venezuela. He has made a significant contribution to the shaping of Gold Fields Limited as it is today, for which we thank him. While we are sorry to see John leave, we also wish him the best of luck in his new career.”


    John Munro said: "Gold Fields has been at the centre of my professional life for the past 21 years. Whilst I have not taken this decision lightly, I feel it is the right time in my career to take on a new challenge. I wish Nick and Terence and the rest of the team every success in the future."


    All of these changes will be effective as from 1 May 2008.

    Erst wenn die letzte Bank pleite, der letzte Staat ruiniert, die letzte Währung wertlos geworden ist, werdet Ihr merken, dass man Gold nicht drucken kann.

    :thumbup: :?: Wäre ja möglich, dass sich nun einiges verbessert für die weitere Zukunft.- Es könnte auch mal wieder zu einem Übernahmeversuch angepfiffen werden, wäre wohl grad günstig jetzt? Eigentlich war ich doch etwas überrascht über diese Rücktritts-Meldung. Andererseits kann man sagen, dass GOLI in der letzten Zeit wirklich keine Freude gemacht hat. Unter Berücksichtigung der momentanen Schwierigkeiten in Südafrika muss man trotzdem sehen, dass der Kurs nicht erst seit einigen Monaten leidet. Es dürfte hier doch schon eher an der Führung gelegen haben - leider.




    Gruss,

    Simona,


    Ich hielt Cockerill immer für einen excellenten CEO, zumindest verglichen mit dem Harmony mgmt. Das südafr. Umfeld wird ist ja auch sauschwierig. Zu meiner überraschung schneidet nur im 5 - Jahresvergleich GFI besser ab, die letzten 2 Jahre nicht mehr. Vielleicht hast Du recht und ein neues Mgmt bewegt etwas. Wie dem auch sei, ich bin aus Südafrika, incl. GFI, völlig raus.


    Grüsse


    midas


    [Blockierte Grafik: http://ichart.finance.yahoo.com/z?s=HMY&t=5y&q=l&l=on&z=m&c=GFI&a=v&p=s]

    'Das Gold dem Einzelnen zu entziehen, ihn seines Anspruchs zu berauben, ist ihr Bestreben, während er es vor ihnen zu verbergen sucht. Sie >wollen sein Bestes<< - - - daher nehmen sie es ihm. Sie horten sein Gold in tiefen Tresoren und zahlen mit Papier, das täglich an Wert verliert.'
    ERNST JÜNGER; EUMESWIL, 1977

    Cockerill ist ein ausgewiesener Experte von dem ich sehr viel halte, bin gestern mit Ihm von Bord gegangen und habe SA endgültig den Rücken gekehrt. Zu unkalkulierbar (Energieprobleme + es muss immer weiter runter gegangen werden).....wenn jetzt Aladin kommt und sagt, das habe ich schon vor 3 Jahren gesagt, muss ich Ihm Recht geben......GFI verabschiedet sich mit -15% aus dem Depot.....

    Das Geruecht ging um das Ian die Kurve kratzt, es ist ja kein Wunder bei dem Affenstall im Land.
    Nebenbei bemerkt es gibt auch kein Soda in Kapstadt, d.h. keine Coca Cola in Flaschen.
    Schade das Ian weg ist, was nun kommt wird ein affirmative action management wo die Bimbos an board sitzen und alles noch schlimmer planen.
    Ich verkaufte danach auch meine GFI's mit -20% Verlust, wie alle Aktien in RSA ein Verlustgeschaeft.
    Wer noch an den suedafrikanischen wunschtraum glaubt bleibt weiter investiert,mir reichts jedenfalls, selbst der letzte Versuch ging in die Hose.
    Die Neger fucken alles ab auf englisch gesagt, wer den RSA thread gelesen hat wundert sich nicht.
    Rotzfrech, stinkfaul, dumm wie dummy denken noch heute viele die Neger bekommen das Land im Griff.
    Es fehlen jetzt schon so viele Dinge wie Strom oder Soda z.B. was nun kommt ist eine Strompreiserhoehung um 50% aber dafuer weniger Strom.
    Super, so was ist eben Afrika live.....


    Auf zu neuen Ufern, GFI und Harmony waren mal gute Minen bis der schwarze Mann kam und das sagen hatte. :evil:


    MfG


    Eldo

    8)


    Ja, man muss sich zu helfen wissen in schwierigen Zeiten - aber man hat ja Geld - viel Geld...zum Glück!


    S.Africa's Gold Fields to invest in own power



    Mon 30 Jun 2008, 13:34 GMT





    [-] Text [+]
    By James Macharia


    KLOOF MINE, South Africa (Reuters) - Gold Fields said on Monday it would invest in its own emergency power generation for its South African operations at a cost of 200 million rand.


    The installation would be completed by the year-end to generate 50 megawatts of electricity for its four South African mines in case the country faced a national power blackout.


    "There is a danger of almost complete flooding if we have no power to maintain the mines, in case of a total power blackout," Chief Operating Officer Terence Goodlace told Reuters.


    "What we shall install can help us perform emergency measures such as hoisting workers to the surface, but it will not be enough to enable us to mine," he added.


    The company's third-quarter output took a hit as state-owned utility Eskom failed to provide enough power to South Africa's mines, which led to a five-day countrywide mine shutdown in January, but Goodlace said Gold Fields was "coping well" with the reduced supply.


    Eskom supplies between 90 to 95 percent of electricity requirements to mines in the country.


    Goodlace also said the recent tariff increase granted to Eskom of 27.5 percent would translate into an additional cost of 200 million rand a year for the company.


    The entire mining sector has said the increase could see costs rise by 34.2 percent or 1.6 billion rand.


    Goodlace spoke on the sidelines of a media visit to Kloof mine, a key mine in the group, which lost 70 kg (2,471 ounces) of gold after a mine accident last week.


    Gold Fields shut a shaft at its Kloof operation for two days last week and suspended blasting at the entire mine for a day to allow for an audit after two workers were killed in a tremor.


    The mine, which does not normally operate on Saturday, resumed operations on Sunday evening, officials said.


    "We had to ensure safety of the entire operations," Vishnu Pillay, head of the firm's South African mines, told Reuters.


    "Even more than power shortages, safety is our biggest concern," Pillay added.


    Kloof is expected to produce better than the 175,500 ounces it produced in the quarter to end-March, which was a 24 percent fall from 230,800 ounces in the three months to end-December.


    GOLD PRICE


    Gold Fields Chief Executive Officer, Nick Holland said he saw the price of gold rising to $1,200 by June next year, but said mining sector production costs globally were rising fast.


    "Chances are for an upside on the price, the single biggest factor is the global inflation and the commodities boom," Holland told Reuters.


    "I would see the price at $1,000 in December and at $1,200 by June next year."


    Holland said the global mining sector was facing steep inflation and production costs were rising sharply.


    He said the company was looking to expand its portfolio with explorations in Peru, Chile, Argentina and China.


    Holland said he and and Goodlace would lead a fact finding mission to China in September.


    Holland said the company was in talks with government to try to resolve the issue of small scale miners who had invaded an umined site on its Damang mine in Ghana, which Gold Fields had hoped to start mining by year-end.


    The Gold Fields officials spoke on the sidelines of a tour of worker's houses Kloof mine, which lies some 60 km southwest of Johannesburg. The mine operates at depths of 1 km to 3.5 km, with about 15,000 workers.


    The company said it plans to spend more than 500 million rand on the construction of staff houses.

    Nun, das wird schon wieder...muss ja, wenn man so reich ist...


    http://www.goldfields.co.za/index.asp


    Gold Fields Q4 profit down, output up 5%



    Published on 1st August 2008


    Updated 1 hour 9 minutes ago


    Johannesburg-based Gold Fields, the second-biggest producer in South Africa, on Friday reported a net profit of R950-million for the quarter ended June 30, which was 30% lower than the R1,36-billion figure it reported for the previous quarter.


    For the year ended June 30, the company lifted net profit by 83% to R4,8-billion, on the back of the higher gold price.


    Headline earnings for the three-months ended June 30 came in at R1,35 a share, compared with the preceding quarter’s figure of R1,91 a share.


    Gold production for the June quarter rose by 5% to 865 000 oz, while total cash costs were steady at R125 359/kg, or $502/oz, the company said in a statement posted to its website.


    “Gold Fields staged a welcome recovery with production increasing by 5% from Q3 which was negatively impacted by power interruptions, while maintaining a tight control on costs, despite the continued inflationary pressures world-wide,” CEO Nick Holland said.


    Holland reported that Gold Fields’ second-biggest mine, Kloof, would produce from 25% to 30% less gold from for some six months, while urgent maintenance was carried out at its main shaft.


    This was an outcome of the review that Gold Fields did of the infrastructure across its operations, sparked by safety concerns.


    Operations would continue at this shaft on a one-day-a-week basis to maintain the integrity of faces and ore passes, the company noted.


    Its biggest mine, Driefontein, would also lose 400 kg during the September quarter, while Gold Fields “caught up” safety critical secondary support.


    “Production at Driefontein and South Deep should return to approximately 6 800 kg a quarter and 1 500 kg a quarter, respectively, by the December quarter, and Kloof’s production should be restored to 2 000 kg a month by February 2009,” stated Gold Fields.



    ditor: Mariaan Olivier

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