Gold Fields / GFI (NYSE, JNB)

...

But the knock-on effect of the hike in the value of the rand is being sorely felt in the earnings of South African gold miners such as Gold Fields (GFI - Cramer's Take - Stockpickr - Rating), Randgold Resources (GOLD - Cramer's Take - Stockpickr - Rating), Harmony Gold Mining (HMY - Cramer's Take - Stockpickr - Rating), and AngloGold Ashanti (AU - Cramer's Take - Stockpickr - Rating). With a stronger rand, the miners' exports are becoming less competitive. And the evidence is in the companies' recent results.

Gold Fields' net income decreased by nearly 50% in the first quarter this year, falling to $51.6 million from $104 million in the previous quarter. Harmony Gold Mining fared similarly, with net income down 45% to $35 million in the first quarter, and earnings for Randgold Resources down by 10% in the same period, to just $12.29 million.

It wasn't so long ago that the miners were faced with similar problems. In 2003, when platinum reached a 23-year high, the appreciating rand against the dollar meant that South African producers saw effective declines of 9% on the year as exports became uncompetitive.

The miners fear that just as the rand had begun to look like it had weakened for good, an unwelcome return to past levels of 6 rand to the dollar may be coming back to haunt them. But that is exactly what Japanese retail foreign exchange speculators are gunning for.

"We believe the new darling of the yen carry trade could be the South African rand," says David Karsboel, head of Market Strategy for Saxo Bank in Copenhagen. "It could happen if Japanese housewives grow tired of 8.25% interest rates in New Zealand and decide to look for 9.5% instead."

JOHANNESBURG, Jul 27, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI) has added an indicated resource of 16.2 million troy ounces with plans to acquire exploration rights to land adjacent to its Deep South gold mine, the South African company said Friday.
Gold Fields, Africa's second-largest gold producer, said it will acquire certain rights for 400 million rand ($57 million) plus tax from JCI Ltd. (JCD.JO) and Randgold & Exploration Co. (RANGY).
The proposed deal would see wholly owned Western Areas Ltd. owning 74% of a company that holds exploration rights to ground near South Deep, one of the biggest high-quality gold-ore bodies in the world. The balance would be owned by black empowerment company Peotana Gold.

JOHANNESBURG, South Africa, July 27, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (GFI: gold fields ltd new sponsored adr) is pleased to announce that agreement has been reached in terms of which JCI Limited (JCI) and Randgold & Exploration Company Limited (R&E) will relinquish certain rights which they have to ground contiguous to South Deep Gold Mine (South Deep) for a consideration of R400 million plus VAT.
The agreement is subject to, inter alia, the approval of shareholders representing at least 50% of the shares entitled to vote at general meetings of both JCI and R&E. The JCI and R&E shareholders meetings are expected to take place during the last week of September.
Irrevocable undertakings of support for the proposed transaction have been received from shareholders representing 57% of JCI shares and 52% of R&E shares entitled to vote at the respective meetings.
The transaction, if implemented, will result in Western Areas Limited (a 100% subsidiary of Gold Fields Limited) owning 74% of a company which holds the exploration rights to the ground in question, with Peotona Gold, a black empowerment company, holding the balance.
It is estimated that the contiguous ground, immediately to the East of South Deep, contains an indicated resource of approximately 16.2 million ounces of gold at a cut off grade of 5 grams per ton. This ground could be accessed through the existing South Deep Infrastructure.

Gold Fields hat Zahlen geliefert: (gibt es Meinungen dazu)? Ich finde das Ergebnis nicht übel - nur was heisst nun ' ein Jahr der Konsolidierung'?
Wie wird sich der GOLI-Kurs weiterentwickeln?

Details:

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

01.08.2007
13:07 Gold Fields legt glänzende Zahlen vor

EMFIS.COM - RTE

Tshwane 01.08.07 ( http://www.emfis.com ) Bei Gold Fields ist der Nettogewinn im Geschäftsjahr 2007 um 53 Prozent auf 2,36 Milliarden Rand gestiegen. Der operative Gewinn erhöhte sich um 51 Prozent auf 7,7 Milliarden Rand, der Umsatz wuchs um 35 Prozent auf 19,7 Millionen Rand an. Wie CEO Ian Cockerill darlegte, habe der weltweit viertgrößte Goldproduzent keine Absicherungsgeschäfte getätigt und dadurch voll vom steigenden Goldpreis profitiert. Die Förderung sei dagegen um 1,2 Prozent auf 4,02 Millionen Unzen zurückgegangen und die Förderkosten um 14 Prozent auf 376 Dollar je Unze gestiegen. Das laufende Geschäftsjahr bezeichnete Cockerill als Jahr der ?Konsolidierung?. Der Konzern werde vor allem die Integration der zuletzt erworbenen Mine ?South Deep? weiter vorantreiben sowie die Weiterentwicklung des Projekts ?Cerro Corona? und die geplanten Investments in Venezuela voranbringen.

Gruss,

Right now the fund has an uncharacteristically large allocation to large-cap stocks, with stalwarts Newmont Mining (NEM ) and Barrick Gold (ABX) taking the first two slots after bullion, each making up 9% of the overall value. Other top holdings include Gold Fields (GFI), Newcrest Mining and AngloGold Ashanti (AU), all firms with substantial market caps.

JOHANNESBURG, Aug 01, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI), the world's fourth-largest gold producer, Wednesday said it expects production from its Choco 10 mine in Venezuela to hit 15,000 troy ounces in the July-Sept. period after output was crimped in the previous three months by a strike and water shortages.
Production fell to 7,400 ounces in the three months to the end of June from 8,200 ounces in the previous quarter, while total cash costs jumped to $912 an ounce from $575/oz.
Glen Baldwin, head of the company's international operations, told analysts during a conference following the release of Gold Fields' fourth-quarter results that cash costs were set to improve in the current quarter.
Baldwin added the mine should drive production up to above20,000 ounces by the third quarter (Jan.-March).
Gold Fields said that total mill throughput for the fourth quarter decreased to 147,000 metric tons from 191,000 tons due to the water shortage. However, the water problem abated at the end of June with significant rainfall providing water to a dam and ground water for a series of water wells.
Almost 400 of the 520 mineworkers were on strike for almost three weeks during the previous quarter in a wage dispute that has since been resolved.
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.
Company Web site: http://www.goldfields.co.za/

Gold Fields (GFI) reported earnings of $74 million for the three months ended June 30 compared with $101 million a year ago.

JOHANNESBURG, South Africa, July 31, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (NYSE: JSE, DIFX: GFI) is pleased to announce that Willie Jacobsz has been appointed to head up Investor and Media Relations for Gold Fields in North America.
Ian Cockerill, Chief Executive Officer of Gold Fields said: "Over the past year Gold Fields' shareholder base in North America has seen significant growth, to the extent that more than half of our shareholders now reside in that market. Because of the growing importance of the North American markets to Gold Fields, we have decided to redeploy Willie to North America. He is a seasoned Gold Fields executive with an intimate knowledge of the Company and well-known in that market."
Willie has been with Gold Fields for 18 years, and a member of the Group Executive Committee, heading up Corporate Affairs and Investor Relations, for the past six years. Since the start of 2007 he headed up Sustainable Development and Corporate Affairs.
As a consequence of this move Jacobsz will relinquish executive responsibility for the Corporate Affairs portfolio to Nerina Bodasing, who will also retain her current portfolio as Group Head of Investor Relations.
Willie, who will retain executive responsibility for the Group's Sustainable Development Portfolio, will be based in Boston.
http://www.goldfields.co.za
SOURCE Gold Fields Limited

Operating Profit Increases 6 Per Cent to R1.95 Billion (US$274 Million) Generating Net Earnings of R528 Million (US$74 Million)

JOHANNESBURG, South Africa, August 1, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (GFI: gold fields ltd new sponsored adr) today announced net earnings for the June 2007 quarter of R528 million compared with R370 million in the March 2007 quarter and R645 million for the restated June quarter of 2006. In US dollar terms net earnings for the June 2007 quarter were US$74 million compared with US$52 million in the March 2007 quarter and US$101 million for the restated June quarter of 2006.
June 2007 quarter salient features:
- Attributable gold production increased 3 per cent to 1,015,000 ounces;
- Average gold price increased marginally to R152,825 per kilogram and increased 3 per cent in US dollar terms to $670 per ounce;
- Total cash costs and operating margin were similar at R92,273 per kilogram (US$405 per ounce) and 38 per cent respectively.
Financial year salient features:
- Attributable gold produced of 4.02 million ounces for the year compared with 4.07 million ounces in the previous year;
- Total cash costs at US$376 per ounce up 14 per cent due to significant commodity price and labour cost increases;
- Earnings increased 53 per cent from R1,544 million to R2,363 million and from US$241 million to US$328 million;
- R20 billion acquisition of South Deep completed, together with successful equity raising to meet funding requirements and to retire legacy gold derivative;
- Growth and life extension projects of R6 billion commenced at Tarkwa, Driefontein and Kloof.
- Cerro Corona progressing as scheduled with first concentrate shipment scheduled for the March 2008 quarter.
Final dividend number 67 of 95 SA cents per share, giving a total dividend of 185 SA cents per share for the year.
Ian Cockerill, Chief Executive Officer of Gold Fields, said:
"Gold Fields has delivered an improved set of results for the June quarter with attributable production increasing 3 per cent to over 1 million ounces. All of the production increases emanated from the South African operations despite a number of holiday interruptions during the quarter while the international operations maintained production levels. We were pleased to maintain unit costs for the quarter despite ongoing input cost pressures. A marginal improvement in the rand gold price received together with the higher production, resulted in revenue increasing 2 per cent to R5.1 billion and operating profit improving 6 per cent to just under R2 billion.
For financial 2007 profitability increased despite stable production and the challenges faced with rising costs across the industry. Revenue increased 35 per cent, operating profit increased 51 per cent and earnings remained robust with a 53 per cent increase. This strong financial performance is indicative of the leverage that an unhedged gold company, with a portfolio of quality assets, can provide in a rising gold price environment. The quality of our asset base remains key to being able to consistently deliver robust returns to our shareholders through the cycle.
Financial 2008 will be a year of consolidation, bedding down the recent South Deep transaction, bringing to account the Cerro Corona project and addressing our investment in Venezuela. Increasing production and adherence to cost control is fundamental to our shareholders so that they see the benefit of a higher gold price in improved earnings growth."
The full results are available on the Gold Fields website: http://www.goldfields.co.za
SOURCE Gold Fields Limited

verstehe absolut nicht wieso der Aktienkurs fällt wo per 1.8. glänzende Zahlen und ein zukunftsrosiger Ausblick in Aussicht gestellt wird, der Rand stärker wird und er auf den TOP long picks von casey steht (Big Gold) @ http://www.howestreet.com/audiovideo/ der Mann ist abgebrüht und kennt die Wahrheit (schräger Mund)

habe mal brav Optionsscheine die Ende 2008 gekauft, die richtig niedergeknüppelt wurden in den letzten Wochen

http://isht.comdirect.de/html/…main.html?sSym=DB862R.C40

100% Rendite sollte hier bald erreicht sein für alle Heuschrecken...

fährt aber sehr gern mit dem DOW, als der Dow heute bei 13.700 (super shorting level bis in die nächste Woche) in die Knie ratterte stürtze Gold Fields kläglichst..wirklich elendiglichst mit, was für ein volksgetriebener Wert, als das PPT endlich eingriff und noch mehr Dollars in den Markt warf gabs den 1:1 gelebten rebound...bis 2008 aber ein W.E.R.T. mit Zukunft. laut http://www.caseyresearch.com

Orezone Resources Inc.: Essakane Project Mining Permit Process Underway
Additional $15M commitment for project development

OTTAWA, ONTARIO, Aug 14, 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) (NYSE: JSE)(NYSE: DIFX) are pleased to announce that the Environmental and Socio-economic Impact Assessment (ESIA) report for the Essakane Project has been submitted to the Burkina Faso Minister of Environment. This starts a three month approval process of the environmental plan required for the award of a Mining Permit. The ESIA was developed by Knight Piesold (South Africa) and RePlan (Canada).
In addition, a budget of US$15.6 million was approved by Gold Fields on behalf of the project, to finance activities until the end of December 2007. During this period it is planned to: submit a Detailed Feasibility Study (DFS) to the Burkinabe authorities, complete a forty percent detailed engineering design of Essakane mine facilities and infrastructure, consult with affected Essakane communities on potential development of a mining project as well as establishing a Mining Convention with the government.
The Bankable Feasibility Study (BFS) undertaken by Gold Fields is being finalized, the results of which will be disclosed after review by Orezone. This is expected to occur within the next thirty days.
It is expected that a decision to commence development will be made before the end of the year when all the parameters, including the mining permit and Convention terms, as well as costs of the Essakane project, have been finalized.

JOHANNESBURG, Aug 22, 2007 (Dow Jones Commodities News via Comtex) -- A second round of mediated wage negotiations between South Africa's largest gold producers and trade unions will take place Wednesday, the Chamber of Mines said.
The Chamber, which is negotiating on behalf of AngloGold Ashanti Ltd. (AU), Gold Fields Ltd. (GFI) and Harmony Gold Mining Co. (HMY), will be looking to prevent a strike similar to the one that paralyzed production for five days two years ago.
The Chamber is set to meet with the National Union of Mineworkers, Solidarity and the United Association of South Africa before the state Commission for Conciliation, Mediation and Arbitration.
The NUM, the country's largest mining industry union, last week said it was disappointed with a revised wage offer from the gold companies.
The gold producers have raised their offer to unionized workers to a 9% to 10% increase in pay for certain surface workers and 8% for all other employees. They have also offered increases in certain other benefits.
The unions this month declared a dispute with the employers after their members were offered a 7.75% wage rise. The unions have demanded double-digit pay hikes.
-By Robb M. Stewart, Dow J

JOHANNESBURG, Aug 22, 2007 (Dow Jones Commodities News via Comtex) -- South African trade union Solidarity will recommend its members accept a final wage offer from the country's largest gold producers, it said Wednesday.
It said the Chamber of Mines, which is negotiating biennial wage deals on behalf of AngloGold Ashanti Ltd. (AU), Gold Fields Ltd. and Harmony Gold Mining Co. (HMY) has offered artisans a 10% wage increase in 2007 and an 8% rise next year.
Miners and officials will get an 8% increase in both years, while workers in categories four to eight have been offered 8.5% in the first year and 8% in the second. Solidarity said a wage package for rock drill operators, who are in category 5, has still to be determined, but that it would include a double-digit pay increase.

South Africa's largest gold producers offered their unionized mine workers a revised wage increase proposal, South Africa's Chamber of Mines said in a statement late Wednesday afternoon.
The offer by AngloGold Ashanti Ltd. (AU), Gold Fields Ltd. and Harmony Gold Mining Co. (HMY) includes a minimum of ZAR3,000 ($405.22)/ per month for entry-level underground workers, a "significant increase" for entry-level surface workers and a wage hike of 8.5% for some workers.
If the unions accept, the offer would become effective from July 1, 2007.
Wednesday's offers are on top of others that include a "wage offer" for other employees, improved wage increment for surface and underground artisans in short supply, and a new basic wage for rock drillers of at least ZAR4,000 by July 2008, according to a press release.
Earlier in the day, South African trade union Solidarity said it would recommend its members accept a final wage offer.

JOHANNESBURG, South Africa, August 21, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (GFI: gold fields ltd new) regrets to announce that Mike Prinsloo has resigned as Chief Executive Officer of the Gold Fields Business Leadership Academy. Mike will be joining Banro Corporation as its new Chief Executive Officer with effect from 17 September 2007.
Ian Cockerill thanked Mike for his service to Gold Fields, first as Head of its South African Operations and more recently as the CEO of the Gold Fields Business Leadership Academy: "Mike was instrumental in setting up and launching the Academy as the premier education service provider to the South African Mining Industry. We value the contribution that he has made to Gold Fields and we wish him well in his challenging new position."
SOURCE Gold Fields Limited

JOHANNESBURG (Dow Jones)--South Africa's largest coal and gold producers are set to sign formal wage agreements with trade unions this week, the Chamber of Mines said Tuesday.
The Chamber, which negotiated biennial wage deals on behalf of employers, said separate signing ceremonies for the two industry sectors are set for Thursday in Johannesburg.
The recently agreed pay agreements will be signed by the Chamber and the National Union of Mineworkers, Solidarity and the United Associate of South Africa.

CHICAGO, Aug 28, 2007 /PRNewswire via COMTEX/ -- Seven Summits Research releases NewsBites on key stocks.
Seven Summits Strategic Investments NewsBites are available to all investors at:
http://www.go7now.com/nb/0828Z (Note: You may have to copy this link into your browser then press the [ENTER] key.)
Today's Seven Summits Strategic Investments NewsBites cover the following stocks: Citigroup Inc. (C: Citigroup, Inc) , Deere & Co. (DE: Deere & Company) , XM Satellite Radio Holdings Inc. (XMSR: xm satellite radio hldgs inc cl a) , Toll Brothers Inc. (TOL: Toll Brothers, Inc) , and Gold Fields Ltd. (GFI: gold fields ltd) .

JOHANNESBURG, Sep 03, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI), Africa's second-largest gold producer, Monday said mining activity at a shaft in its Driefontein Gold Mine near Carletonville, South Africa, has been suspended while a search is undertaken for a missing miner.
The miner was working in a stope 3,000 meters below the surface Saturday at the No. 5 Shaft when there was a rockfall following a seismic event measuring 1.5 on the Richter Scale, the Johannesburg-based company said.
There were four employees working in the stope when the accident took place. Two received minor lacerations and were treated in hospital. Another worker was uninjured.
Gold Fields said mine rescue teams are engaged in the search for the missing worker.
Company Web site: http://www.goldfields.co.za

JOHANNESBURG, Sep 03, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI) Monday said the body of a miner missing since a seismic event at its Driefontein Gold Mine in South Africa has been found by members of the mine rescue team.
The miner, whose name is being withheld until his next of kin have been informed, had been working about 3,000 meters below the surface at the No. 5 Shaft when there was a rockfall.
Gold Fields said two of his companions received minor injuries and another was uninjured.
The National Union of Mineworkers, the country's largest mining industry union, said 12 miners have died at Gold Fields' operations this year.
Company Web site: http://www.goldfields.co.za

...

Choco 5 is a 5,000 hectare property located in the prolific El Callao gold mining district of Venezuela and is contiguous to Gold Fields Limited's (GFI: GFI) Choco 10 gold mine. At present there is one drill rig operating at Choco 5 and additional drills will be added based upon this program's results. Drill results are expected later this year.

...