Gold Fields / GFI (NYSE, JNB)

    JOHANNESBURG, Jan 15, 2007 (Dow Jones Commodities News via Comtex) -- The twin shaft complex of South Africa's 4 billion rand ($550 million) South Deep gold mine should return to normal production by early February, Business Report reports Monday, citing Gold Fields Ltd. (GFI) spokesman Willie Jacobsz.
    The skip that hoists ore to the surface was fixed last month and the shaft system is being recommissioned and working areas reopened, Jacobsz said.
    The shaft complex was shut last May.
    Gold Fields last month bought 50% of South Deep from Canada's Barrick Gold Corp. (ABX) for $1.525 billion. Western Areas Ltd. (WAR.JO) owns the other 50% of South Deep, and Gold Fields is looking to buy out minorities.
    The newspaper cites Jacobsz as saying Gold Fields stake in Western areas has reached 89.2% from 82% last month.

    JOHANNESBURG, Jan 18, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI) will make a decision soon on how to fund a 3.5-billion-rand ($486 million) expansion of the South Deep gold mine using a combination of cash reserves, debt and new equity, Business Report reports Thursday.
    The newspaper cites spokesman Willie Jacobsz as saying the principal source of the finding would come from the South African company's internal cash reserves.
    Gold Fields is studying a plan to raise the mine's ore mined a month to 330,000 metric tons from 200,000, and is examining synergies between South Deep and its Kloof mine, the newspaper says. It adds that before expansion work can begin, the mine needs to return to full capacity after an accident knocked out the operation's twin shaft system last May.
    Gold Fields bought a 50% stake in South Deep from Canada's Barrick Gold Corp. (ABX). The other half is owned by Western Areas Ltd (WAR.JO), in which Gold Fields has a 89% stake and is looking to buy out minority interests.

    JOHANNESBURG, Jan 18, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    Gold Fields Ltd. (GFI) Thursday said it has received valid acceptances for some 88.5 million ordinary shares in Western Areas Ltd. (WAR.JO), representing 92.5% of the offer shares.
    Combined with the 66.1 million Western Areas shares already held by Gold Fields, Gold Fields has a 95.6% interest in Western Areas.
    It said shareholders of Western Areas are advised that it intends to invoke Section 440K of the Companies Act.

    JOHANNESBURG, January 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (Gold Fields) (GFI) is pleased to announce that it has received acceptances for a total of 88.5 million Western Areas shares which, combined with the 66.1 million shares already owned by Gold Fields, represents an interest of 95.6% in Western Areas.
    Gold Fields now intends to invoke Section 440K of the Companies Act which, if successfully implemented, will result in Gold Fields compulsorily acquiring all of the shares in Western Areas in respect of which the offer was not accepted.
    A further announcement will be made in due course, providing greater detail and clarity on the invocation of Section 440K.
    Ian Cockerill, Chief Executive of Gold Fields said: "We are delighted to have reached this significant milestone. Subject to completion of the 440k we can proceed with the full integration of the entire South Deep Gold Mine as an operating division of Gold Fields, which will result in a simplified management structure for that operation."
    SOURCE Gold Fields Limited

    Bin gespannt wie die Q2-Zahlen ausschauen am 25.01.07. Jedenfalls wie auch immer, für die Zukunft ist das Unternehmen gut abgesichert. Die getätigten Investitionen werden sich auszahlen. Wenn auch noch nicht jetzt in grossen Sprüngen, dann bestimmt beim nächsten Polit-Knatsch.


    Gruss,
    Simona

    OHANNESBURG, January 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (Gold Fields) (GFI: gold fields ltd new sponsored adr) is pleased to announce that the Western Areas hedge book has been terminated.
    The hedge book was terminated at an average spot gold price of US$622.14/oz and a total cost of US$528 million.
    Gold Fields inherited the Western Areas hedge book when it took control of Western Areas in December 2006. The hedge book had a maturity profile from December 2006 to December 2014 and consisted of options, with a delta of 1,005,000 gold ounces, and deferred premiums. At the end of the last quarter, on 29 December 2006, the marked to market value of the hedge book was US$383 million, with a deferred premium of US$ 157 million, for a total of US$540 million. This compares to the total cost of termination of US$528 referred to above.
    Ian Cockerill, Chief Executive Officer of Gold Fields said:
    "We terminated the Western Areas hedge book because we believe in gold. "
    "The hedge book was significantly under water and was a crippling liability to the South Deep mine. Now we can bring the asset to account in a transparent manner."
    "Gold Fields is of the view that the price of gold remains firmly in a long-term upward trend and, with that outlook, it does not make any sense whatsoever to be hedged."
    "It also ensures that Gold Fields remains fully transparent to investors, and that its balance sheet remains simple to understand."
    SOURCE Gold Fields Limited

    Gold Fields: Operating Profit Maintained at R2 Billion (US$270 Million) Generating Bottom Line Earnings of R767 Million (US$104 Million)


    JOHANNESBURG, South Africa, January 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (NYSE & JSE: GFI) today announced net earnings for the December 2006 quarter of R767 million compared with R698 million in the September 2006 quarter and R284 million for the December quarter of 2005. In US dollar terms net earnings for the December 2006 quarter were US$104 million compared with US$98 million in the September 2006 quarter and US$44 million for the December quarter of 2005. Net earnings excluding gains and losses on financial instruments and foreign debt net of cash and exceptional items were R564 million (US$76 million) for the December 2006 quarter compared with R702 million (US$99 million) for the September 2006 quarter.
    December 2006 quarter highlights:
    - Attributable gold production increased by 10,000 ounces to 1,015,000 ounces;
    - Acquisition of Barrick Gold Corporation's 50 per cent interest in South Deep completed - effective date 1 December 2006. Financed by bridging finance of R8.6 billion (US$1.2 billion) and the issue of 18,701,944 Gold Fields shares worth R2.3 billion (US$325 million);
    - As at 18 January 2007, Gold Fields had received acceptances in respect of approximately 95.6 per cent of the issued share capital of Western Areas. This was financed by the issue of 43,920,023 Gold Fields shares to shareholders of Western Areas. Step is being taken to increase this to 100 per cent with the "squeeze out provisions" of the Companies Act;
    - South African Government formally approved the conversion of Driefontein, Kloof and Beatrix old order mining licenses into new order mining licenses;
    - Tarkwa announced US$175 million (R1.25 billion) mill and heap leach expansion projects;
    - Interim dividend declared of 90 SA cents per share payable on 19 February 2007.
    Ian Cockerill, Chief Executive Officer of Gold Fields, said: "Overall the Group's performance for the December quarter was steady with production being largely as expected with the exception of Kloof which had a disappointing quarter. Given the cost escalations being experienced in the mining industry, our efforts in controlling costs in this challenging environment are satisfying.
    The two significant achievements during the quarter under review have been the conversion of the mining rights for all three of our South African operations and our acquisition of the South Deep Gold Mine. While both of these achievements are cornerstones for the future of our company in South Africa, much work remains to be done. While our new order mining rights have now been approved, transformation is an ongoing imperative and Gold Fields is committed to achieving the targets which it has set itself in this regard.
    The integration of South Deep into Gold Fields is of the highest priority. We are analyzing the existing South Deep mine plan and feasibility study, and will be ramping up the production profile of this mine, to achieve its very significant potential."
    The full results are available on the Gold Fields website: http://www.goldfields.co.za
    SOURCE Gold Fields Limited

    JOHANNESBURG, January 25, 2007 /PRNewswire-FirstCall via COMTEX/ -- -
    Gold Fields Limited (Gold Fields) (GFI) today announces a capital raising by way of a private placement to institutional investors of new shares in the Company (the "Capital Raising") to raise the ZAR-equivalent of up to US$1,200 million. The Capital Raising will be undertaken as a Vendor Consideration Placing under the JSE Listings Requirements. In addition, an over-allotment option (the "Over-allotment Option") has been granted by the Company pursuant to which it may issue up to an additional 15% (the "Over-allotment Shares") of the number of shares placed in terms of the Capital Raising in order to cover over-allotments, if any. All shares issued pursuant to the Capital Raising (including the Over-allotment Shares) will be new ordinary shares to be issued by the Company (the "New Shares"). The Capital Raising will take place at a price to be established no later than 30 January 2007 (however, the timing may be amended).
    The proceeds of the Capital Raising will be used to repay debt incurred for purposes of Gold Fields' acquisition of Barrick Gold Corporation's 50 per cent interest in the South Deep asset and its rights under the joint venture agreement with Western Areas Limited.
    The New Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing issued ordinary shares of the Company, including the right to receive future dividends and other distributions declared, made or paid after the date of their issue, including the right to participate in the interim dividend of 90 SA cents per Gold Fields share announced today. Application will be made for the New Shares to be admitted to trading on the JSE Limited.

    Danke für die Info. Schaut so aus, dass man sich noch etwas in Geduld üben muss. Die KE (für institutionelle Anleger) dürfte sich so nicht negativ auswirken. Tippe auf Kurserholung/Anstieg bis Anfang Sommer.


    Gruss,
    Simona

    at gsp at simona


    Also wenn ich mir den chart so anschaue, dann kommen mir doch Fragen.
    Wie kommt es, dass der Kurs im Prinzip da steht, wo er vor einem Jahr auch stand?????? Zwischendurch mal ein kleiner Höhenflug und dann - bei steigenden Goldpreisen !!!!! - ein Abstieg. Wie oft muss man da ein- und wieder aussteigen, immer zum richtigen Zeitpunkt wohlgemerkt , um ein paar Mäuse zu gewinnen??

    JOHANNESBURG, January 31, 2007 /PRNewswire-FirstCall via COMTEX/ --
    Gold Fields Limited ("Gold Fields") (GFI:gold fields ltd new sponsored adr) is pleased to announce today the successful completion of the capital raising announced on 25 January 2007 (the "Capital Raising").
    In the Capital Raising, 79 million new shares in Gold Fields have been placed with institutional investors by way of a private placement at an offer price of ZAR113.50 (the "Offer Price") per new ordinary share.
    The Capital Raising was oversubscribed and the Offer Price of ZAR113.50 represents a discount of 2.9% to the closing price of Gold Fields shares on the JSE Limited on 30 January 2007.
    Based on the Offer Price, the gross proceeds to be received by Gold Fields is approximately ZAR8.9 billion (raising approximately US$1.2 billion at a ZAR/US$ exchange rate of approximately 7.30). The new shares represent approximately 14 per cent of Gold Fields' issued ordinary share capital prior to the Capital Raising.
    The proceeds of approximately US$1.2 billion will be used to repay debt incurred for purposes of Gold Fields' acquisition of Barrick Gold Corporation's 50 per cent interest in the South Deep asset and its rights under the joint venture agreement with Western Areas Limited.
    As is customary in both local and international primary capital raisings, an over-allotment option ("the Over-allotment Option") has been granted by Gold Fields pursuant to which it may issue an additional 11.85 million new ordinary shares ("the Over-allotment Shares") at the Offer Price, in order to inter alia cover over-allotments.
    The New Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing issued ordinary shares of Gold Fields, including the right to receive future dividends and other distributions declared, made or paid after the date of their issue, including the right to participate in the dividend of 90 SA cents per Gold Fields share announced on 25 January 2007. Application will be made for the New Shares to be admitted to trading on the JSE Limited ("Admission"). Admission, settlement and commencement of dealings are expected to take place on or around 7 February 2007.

    JOHANNESBURG, Feb 14, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    Gold Fields Ltd. (GFI) Wednesday said it has appointed Gill Marcus as a non-executive director of the company with immediate effect.
    Marcus, 56, has been the executive chairwoman of Western Areas Ltd. (WAR.JO) from Nov. 17, 2005, to date and chairwoman of the executive committee and member of the Placer Dome Western Areas JV Board.
    She was a member of the ANC National Executive Committee from 1991 to 1999 and Member of Parliament from 1994 to 1999, and Marcus served as Deputy Minister of Finance from 1996 to 1999.
    She served as Deputy Governor of the South African Reserve Bank from 1999 to 2004.
    She is Professor: Policy, Leadership and Gender Studies at the Gordon Institute of Business Science, board member of Bidvest Ltd. and the International Marketing Council, and also serves on the Advisory Board of the Auditor General.

    JOHANNESBURG, Mar 15, 2007 (Dow Jones Commodities News via Comtex) -- South Africa's Aflease Gold Ltd. (AFO.JO) may bid for the company expected to be formed from the proposed merger of Randgold & Exploration Co. (RNG.JO) and JCI Ltd. (JCD.JO), Business Report reports Thursday, citing the company's chief executive.
    Aflease CEO Neal Froneman said the new company would have a market value of about 4 billion rand ($541 million), and the junior mining company is interested in the Gold Fields Ltd. (GFI) shares held by R&E and JCI as well as other assets that could be turned into cash.
    An acquisition of the combined R&E-JCI would in effect be a capital raising for Aflease, the CEO said, the newspaper reports.
    The newspaper cites R&E and JCI spokesman Brian Gibson as saying the companies held about 15.4 million Gold Fields shares worth more than ZAR1.9 billion.

    Seit einigen Tagen versucht GOLI die 23.50 zu durchbrechen, prallt aber immer wieder ab. Nun könnte dies aber doch gelingen und den Weg nach oben öffnen. Quartalszahlen kommen am 3. Mai 07.


    News von heute gefunden:


    By: Liezel Hill
    Published: 10 Apr 07 - 18:01
    Gold major Gold Fields said on Tuesday that it acquired all the remaining shares in South African gold-miner Western Areas that it did not already own.


    Gold Fields now owns 100% of the share capital of Western Areas, whose listing on the JSE was terminated on March 30.


    As a consequence, the existing board of Western Areas would replaced by a board of Gold Fields nominees, the company said in an emailed statement.


    Gold Fields shares closed 0,15% higher on Tuesday in Johannesburg, at R137,20 a share.


    Edited by: Creamer Media Reporter


    Quelle:
    http://www.miningweekly.co.za/article.php?a_id=107058


    Gruss,

    Gold Fields ist auch nicht ohne Probleme, wie andere SA-Minen.


    siehe Link:
    http://www.busrep.co.za/index.…Id=566&fArticleId=3773709




    Production problems likely to knock output at Gold Fields
    April 11, 2007


    By Eric Onstad


    Johannesburg - Production problems at Gold Fields' South African Beatrix mine and in Australia would lead to weaker third-quarter output than expected, analysts said yesterday.


    Gold Fields declined to comment yesterday, noting that the company was in a closed period ahead of results being released for the quarter to March.


    In January, when Gold Fields posted its previous results, it said output for the third quarter was expected to rise between 2 percent and 4 percent from the 1.015 million ounces produced in the previous quarter.


    "It's not going to be too hot," an analyst said, referring to production for the third quarter.


    Analysts said overall production was likely to be flat, despite the inclusion of a full-quarter's production from its recently acquired South Deep mine for the first time.


    Three analysts who declined to be named said one reason for lower output at Beatrix was that methane had been encountered during mining operations.


    Gold Fields spokesperson Willie Jacobsz said methane was a natural occurrence at Beatrix and there were safety procedures in place to deal with such incidents.


    "There have not been any extraordinary methane occurrences at Beatrix [recently]. Methane is not a problem," he said. He declined to say if there had been other problems that had led to weaker output.


    Beatrix produced 149 500 ounces of gold during the quarter to December, 15 percent of the group's total production.


    At the last results presentation, Gold Fields forecast that output at Beatrix for the quarter to March would be marginally lower because of the effect of lost working days during the holiday break.


    In January, Gold Fields said it expected output at its St Ives mine in Australia to rise slightly, and production at its other Australian operation, Agnew, to exceed 60 000 ounces compared with 53 000 ounces in the quarter to December.


    St Ives produced 124 600 ounces of gold in the previous quarter. Gold Fields is due to release third-quarter results on May 3. - Reuters

    Immerhin heute Tageshöchst 25.90,
    Last 12:42:28 / 25.-



    Gold Fields CEO says "not approached" about bid
    Wed 11 Apr 2007, 9:39 GMT

    [-] Text [+] JOHANNESBURG (Reuters) - The chief executive of South Africa's Gold Fields Ltd said on Wednesday he was aware of a bid rumour that sent its shares surging, but that the firm has not been approached about a takeover.


    "We have been aware of a rumour, but we have not been approached and frankly we never, ever comment on any unsubstantiated rumours, and at this stage it's unsubstantiated," Ian Cockerill told Reuters.


    Bloomberg News reported that U.S. financier Edward Pastorini may lead a bid for Gold Fields Ltd, the world's fourth biggest gold producer.


    The report said a group led by Pastorini, which includes rival gold mining firms, plans to make a cash and share offer as early as June, Bloomberg said, citing internal documents.


    Gold Fields has a market capitalisation of 95.5 billion rand following a jump in its shares.


    The shares surged 11.1 percent to a peak of 152.50 rand, but pared gains to trade 6.5 percent firmer at 146.10 rand by 1010 GMT, outpacing a slightly firmer Johannesburg Top-40 index of blue-chip stocks.


    "Quite interesting that a private equity buyout would look at a company like that," a Johannesburg trader said.


    "I suppose investors should be aware that Harmony has a big stake in Gold Fields shares and the buyout could lead to a re-rating of the sector."


    Harmony received a 2.75 percent stake in Gold Fields when it tendered its stake in Western Areas to Gold Fields.




    Gruss,

    Könnte was geben mit Gold Fields. Aber man erinnere sich, dass auch Harmony zusammen mit Norilsk Nickel schon einmal den Versuch gestartet und sich die Zähne daran ausgebissen hatte. Harmony kaut heute noch daran.


    siehe Link:
    http://www.businessday.co.za/P…iendly.aspx?ID=BD4A435283



    Posted to the web on: 12 April 2007
    Gold Fields shines on talk of US buyout bid
    Charlotte Mathews
    --------------------------------------------------------------------------------
    Resources Editor


    MARKET interest in Gold Fields surged yesterday after media reports that little-known US financier Edward Pastorini could lead a group of five gold mining companies bidding for the group.


    Gold Fields shares gained as much as 11% to a peak of R152,50 after the reports, but gave up much of the gain to close up 3,5%.


    Bloomberg, citing internal documents and an interview with San Francisco-based Pastorini, said Pastorini planned to accumulate a stake of about 10% in Gold Fields by June or July before making an offer in cash, shares and bullion dividends. The basis of his offer was his belief, shared by private equity firms and corporate raiders, that gold would rise to more than $1000/oz in the next two to three years, he told the news agency.


    If it materialises, this would be the second bid for Gold Fields in three years, after Harmony Gold Mining launched a R24,5bn hostile bid in 2004, which eventually fell through because of a high court ruling.


    The disclosure of Pastorini’s strategy, which would inevitably drive up the price of Gold Fields, is curious, as is the fact that Pastorini is unknown to seasoned investors. Gold Fields head of corporate affairs Willie Jacobsz said Gold Fields had never had any contact with or heard of Pastorini.


    Cadiz African Harvest Asset Management fund manager Peter Major said this could be a genuine intention to bid, which was not intended to be leaked to the market, by an entrepreneur who had spotted an opportunity in the rising gold price environment.


    On a more cynical view, it could also be a strategy — by an investor who had bought Gold Fields shares at R113,50 in its recent capital-raising — to drive up the price in the short term and no bid would materialise. Major thought the second possibility was less likely.


    Gold Fields head of investor relations Nerina Bodasing said that after Gold Fields’ recent capital raising, volumes of trade in the shares had increased but Gold Fields had not noticed any particularly unusual activity. The group’s biggest shareholders, with just under 10%, were Capital Research & Management, followed by Old Mutual Group and Black Rock Investment Managers, both with about 7%.


    Gold Fields had heard rumours about a potential bid but had been unable to verify them, Bodasing said. As no formal offer had been received, Gold Fields could not comment on any steps it might take. In principle, Gold Fields was not opposed to a bid as long as it offered value to shareholders. The board was obliged to consider any serious offer.


    T-Sec analyst Nick Goodwin said on some valuation measures, Gold Fields shares looked cheap compared to the other major gold producers. Based on market capitalisation per reserve ounce, Gold Fields was valued at about $148/oz against Barrick’s $288/oz, Newmont’s $221/oz and AngloGold’s $191/oz, although most of Gold Fields’ reserves were in SA, which attracted a discount.


    But based on a discounted cash flow valuation over the life of its mines, which T-Sec estimated at R143 a share, Gold Fields was correctly priced.


    Various analysts suggested the gold companies involved in Pastorini’s bid could include Barrick Gold, which took some Gold Fields shares when Gold Fields took over Western Areas, as well as Newmont and AngloGold Ashanti.


    Two other parties that acquired small parcels of Gold Fields shares through the Western Areas bid include JCI and Harmony. JCI spokesman Brian Gibson said that at the right price JCI would consider an offer for its 2,1-million Gold Fields shares. The right price was significantly higher than the level at which Gold Fields had been trading, even yesterday, he said.

    Mad, bad and dangerous to believe


    If Edward Pastorini is going to bid for Gold Fields, perhaps Richard Branson is going to have a go at Microsoft.
    Author: Barry Sergeant
    Posted: Wednesday , 11 Apr 2007


    JOHANNESBURG -


    On Wednesday, Bloomberg, a wire service, baldly stated that: "US financier Edward Pastorini may lead a bid for Gold Fields Ltd., the world's fourth-largest gold producer, to tap the rising price of bullion".


    In reaction, a top-rated sales-trader in London said: "Sounds like a FURFEY to me!" A precious metals analyst, also based in London, commented: "Hedge fund trying to exit or Barrick trying to sell its block of shares? I am a born cynic, until otherwise proven wrong". A London-based specialist gold analyst said: "Slow news day at Bloomberg I guess!!"
    full story: http://www.mineweb.net/mineweb…age34?oid=19357&sn=Detail


    hmmm :rolleyes: selber lesen ;) :D


    linar :)

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