Harmony Gold Mining / HMY (NYSE), HAR (SA) und Gold Fields / GFI

SYDNEY, Nov 01, 2007 (Dow Jones Commodities News via Comtex) -- South African miner Harmony Gold Mining Co. (HMY) is likely to attract interest from Barrick Gold Corp. (ABX), Lihir Gold Ltd. (LGL.AU) and possibly Newcrest Mining Ltd. (NCM.AU) to buy into its Papua New Guinea assets, analysts said Thursday.
Harmony, which posted a lower-than-expected first quarter loss Wednesday, said it wanted to find partners for its PNG assets, which comprise the advanced Hidden Valley gold venture and the Wafi Golpu copper gold project, while keeping a 50% equity interest.
Harmony has total gold reserves in Papua New Guinea of 4.2 million troy ounces, with resources of 15.1 million ounces. It also has reserves of copper, silver and molybdenum. Hidden mine is slated to produce around 300,000 troy ounces from early 2009, with a mine life of 10 years.
Barrick Gold is already active in PNG, last week adding to its operations there with the purchase of the Kainantu gold mine from Highlands Pacific Ltd. for US$141.5 million, comprising exploration licenses for 2,900 square kilometers. Barrick owns 75% in PNG's Porgrera gold mine, which is forecast to produce 480,000-500,000 attributable ounces this year.
A Barrick spokeswoman said the company didn't comment on acquisition speculation.
"Lihir and Barrick are the most obvious candidates, though Lihir may be less keen to add to PNG assets on the basis of country risk," one analyst said. Lihir has one producing asset on Lihir Island in PNG, due to produce 1.2 million ounces of gold next year, and is developing the Ballarat project in Australia.
Newcrest, Australia's largest gold miner, said Thursday it had established a merger and acquisition team that is currently assessing as many as five possible acquisitions.
Newcrest was looking for deposits that would have a minimum mine life of eight years and produce more than 200,000 ounces of gold a year, the company said.

JOHANNESBURG, Nov 08, 2007 (Dow Jones Commodities News via Comtex) -- Harmony Gold Mining Co. (HMY), Africa's third-largest producer of the precious metal, Thursday said it has sold its Mt Magnet operations to Australian junior miner Monarch Gold Mining Co. (MON.AU) for A$65 million.
The assets include the Hill 50, Great Fingall, St George, Star and Big Bell mines, which together comprise a resource inventory of 2.7 million ounces of gold, tenements covering approximately 62,000 hectares, and 166 exploration license blocks.

JOHANNESBURG, Nov 08, 2007 (Dow Jones Commodities News via Comtex) -- (Adds details.)
Harmony Gold Mining Co. (HMY), which has been reviewing its portfolio of mining assets, Thursday said it will sell its Mount Magnet operations in Australia for $65 million Australian dollars ($60.2 million) to junior miner Monarch Gold Mining Co. (MON.AU).
Johannesburg-based Harmony, Africa's third-largest gold producer, said Mount Magnet includes the Hill 50, Great Fingall, St George, Star and Big Bell mines.
The asset comprises a resource inventory of 2.7 million ounces of gold, tenements covering about 62,000 hectares and 166 exploration license blocks, it said.
"The sale of Mount Magnet forms part of our 2007 rationalization strategy which considered the Western Australian assets as being non-core to this strategy," Acting Chief Executive Graham Briggs said.
"Mount Magnet is the last of those operations to be sold. It is our intention, going forward, to focus on developing and operating our larger, long-life mines," he said.
Harmony said the purchase price will be settled with A$30 million in cash, A$20 million in Monarch shares and the remainder in a three-year convertible note.
Harmony late last month said it was looking to partner on all its assets in Papua New Guinea, keeping a 50% equity interest. The company has already agreed the sale of its South Kal operation in Western Australia and has said it hopes to finalize the deal in early November.

NEW YORK, Nov 05, 2007 /PRNewswire via COMTEX/ -- MZ Consult NY LLC ( http://www.mz-ir.com), a leading investor relations and financial communications firm, jointly with Investor Relations Global Rankings' sponsors KPMG Independent Auditors, Arnold & Porter, Bloomberg and PR Newswire, invites you to participate in a conference call today, November 5, at 9:00 am US ET to discuss the news and procedures of the 10th annual edition of IR Global Rankings.

Conference Call - November 5, 2007 - Monday
9:00 am US ET
Dial In: +1 (973) 935-8893, Conference ID #: 9425833
Slide show presentation and the audio will be broadcast live over the
Internet, available at http://www.irglobalrankings.com

Registration period was opened on November 1, 2007, and there are already several companies participating in the 10th edition of IRGR. To register, please visit the website http://www.irglobalrankings.com, or type IRGR <GO> on your Bloomberg terminal. Please check the 2007 global winners and ad on page 135 on the current issue of Bloomberg Markets Magazine.
TOP 5 REASONS TO SIGN UP FOR 2008 IRGR
1) Unique Ranking System: Based on extensive proprietary research of public companies and investors, and supported by the input of audit and legal experts. It's a global review to position your investor relations and financial communications effort among best practices within the capital markets;
2) High Transparency: Evaluation criteria are widely publicized in the IRGR website and all results are evaluated by a technical committee comprised of independent professionals. IRGR analysts will make a thorough analysis and independent committee will review them entirely;
3) Individual Feedback: Registrants receive suggestions in an individual report, based on technical evaluation and investors' opinion. "NEW" - investor's opinion will be accessed through the Bloomberg terminals, which will further enhance the whole process. Such report is later discussed in a call between each participant and the IRGR staff.
4) Solid Benchmarking: Know the best IR programs in the world and how you can improve your practices, and understand how you are positioned in relation to regional and industry peers. Participants may choose not to disclose they are participating, so the name and ranking positioning is kept confidential.
5) Great Recognition: Winners will be recognized in Award Ceremonies around the world. Their names and rankings will be available on all Bloomberg terminals (IRGR <GO>) and they will be widely publicized though our partnership with PR Newswire -- the largest news distributor in the world. Best cases will be highlighted in the 2008 IR Global rankings magazine that is freely distributed in the capital markets community.
Winners of 2007 IR Global Rankings include:

...

Harmony Gold (HMY: harmony gold mng ltd sponsored adr)

To learn more about 2008 IRGR or to download the 2007 IRGR magazine with winners and best practices, please visit http://www.irglobalrankings.com or type IRGR <GO> on your Bloomberg Terminal
For further information, please contact: Amanda Munhoz, Email: irgr@mz-ir.com, phone: +1 (212) 813-2975
About the IR Global Rankings: Solid communication with the investment community has become a key priority for investor relations and corporate governance professionals in recent years, driven by a strong belief that stock prices and risk perception can be managed, Fair Disclosure and other new regulations, in addition to the need for corporate transparency to earn and maintain investor confidence. The IR Global Rankings and Awards annual survey is the most comprehensive auditing and ranking system for IR websites, Corporate Governance and Earnings Release & Disclosure Process. Based on extensive proprietary research of public companies and investors, supported by the input of audit, corporate governance, and legal experts (KPMG Independent Auditors, Arnold & Porter), MZ's methodology is highly detailed, transparent, and completely accessible to all participants. The IR Global Rankings and Awards annual survey has continuously grown since its inception in 1999 ( http://www.irglobalrankings.com).
SOURCE MZ Consult NY LLC

JOHANNESBURG (MarketWatch) -- South Africa's largest mining industry union Friday said it plans to stage a one-day strike Dec. 4 to protest the number of industry fatalities.
"A strike action by South African mine workers will take place on Dec. 4 to highlight the seriousness at which the matter needs to be taken by mining houses and the state," Senzeni Zokwana, president of the National Union of Mineworkers, said in an e-mailed statement.
NUM has been planning for a strike since October when about 3,200 workers were trapped for more than 24 hours deep underground at one of the country's gold mines.
There have been more than 180 deaths in South African mines so far this year, compared with 199 in 2006.
NUM said more than 240,000 members working for major mining companies affiliated with the Chamber of Mines are expected to join the strike as well as workers in small-scale companies.

JOHANNESBURG, Nov 23, 2007 (Dow Jones Commodities News via Comtex) -- Harmony Gold Mining Co. (HMY) Friday said there has been a fall of ground at its Elandsrand mine in South Africa, injuring one worker.
Mine rescue teams are still searching for a miner, and the remaining 20 crew members have been brought to the surface with no further injuries, the Johannesburg-based gold producer said.
The injured worker is suspected to have a fractured leg and has been taken to hospital, Harmony said.

JOHANNESBURG, Nov 23, 2007 (Dow Jones Commodities News via Comtex) --
TOP STORIES:

Harmony Has Fall Of Ground At Elandsrand Mine

Harmony Gold Mining Co. (HMY) Friday said a worker has been injured by falling ground at its Elandsrand mine in South Africa, which only resumed production this week after an extended shutdown following the dramatic rescue of about 3,200 workers who had been trapped deep underground for more than 24 hours.

JOHANNESBURG, Nov 27, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
Gold Fields Ltd. (GFI) Tuesday said it has closed a deal to sell its 60% stake in the Essakane Project in Burkina Faso to Orezone Resources Inc. (OZN), its partner in the project, for at least $200 million.
The Johannesburg-based gold producer said Orezone paid $150 million in cash and issued 41,666,667 common shares to wholly-owned Gold Fields Essakane Ltd. Following the acquisition, Gold Fields owns 12.2% of Orezone's issued and outstanding common shares.
Gold Fields said it acquired the common shares of Orezone for investment purposes and has no present intention of acquiring ownership of or control over additional securities of Orezone.
The Essakane Project is a late stage development project located in Burkina Faso, west Africa.
A bankable feasibility study was recently completed which envisioned a surface mine/CIL operation processing an average of 5,400,000 metric tons a year. The project has an indicated and inferred resource of 3.8 million ounces of gold at a 1.0 g/t cutoff and a contained reserve of 2.65 million ounces.
The project will take 18 months to construct at a total capital cost of $346 million, and first gold is expected to be poured by early 2010. Once operational, the mine will produce an average of 292,000 ounces of gold a year.
Orezone is an explorer and emerging gold producer with a pipeline of advanced and grassroots projects in politically stable areas of west Africa. West Africa is one of the world's fastest growing gold producing regions.
Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of 4.0 million ounces annually, mineral reserves of 94 million ounces and mineral resources of 252 million ounces.

JOHANNESBURG, Nov 28, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI), Africa's second-largest gold producer, hopes to resume production at its Driefontein mine in South Africa on Thursday, a spokesman said Wednesday.
The Johannesburg-based company was ordered by the government to suspend tramming in the mine after a worker was fatally injured after being caught between a loader and hopper over the weekend, spokesman Andrew Davidson said.
Without the trams operating, Gold Fields is unable to hoist ore to the surface. Davidson said production, which averages about 90 kilograms of gold a day, has been halted for two days now.

Company Web site: http://www.goldfields.co.za

JOHANNESBURG, Nov 29, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd. (GFI) Thursday said it expects mining operations at its Driefontein gold mine in South Africa to resume with the morning shift Friday, and every effort would be made to make up lost production.
A risk assessment and safety audit of pillar mining at the nearby Kloof mine continues and the Johannesburg-based company said it expects the mine to be fully operational within 24 hours.
"Approximately half of the pillars have been audited and only 7% of the mine's output remains affected," Gold Fields said.

* Gold Fields Ltd: Mining Ops To Resume At Driefontein

EMBRY: The one that I like the best in terms of its exposure is Gold Fields (GFI) , the South African entity. I am not nuts about South Africa, but on the other hand, I think it’s more than discounted in the price, and they have the biggest reserve base of any company in the world. So, I like Gold Fields as a core holding in the big cap.

Gold Fields Sells 60% Stake in Essakane Project for US$200 Million and Acquires 12.2% Interest in Orezone Resources Inc.

JOHANNESBURG, South Africa, November 27, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited ("Gold Fields") (NYSE, JSE, DIFX: GFI) is pleased to announce the successful closing of the transaction announced on 10 October 2007, as a result of which Gold Fields sold its 60% stake in the Essakane Project located in Burkina Faso, West Africa to its partner in the project, Orezone Resources Inc. ("Orezone") (CA:OZN) , for a minimum total consideration of US$200 million.
Orezone paid Gold Fields US$150 million in cash and issued 41,666,667 common shares having an aggregate subscription price of US$50 million to its wholly-owned subsidiary Gold Fields Essakane (BVI) Limited ("Gold Fields Essakane"). Following the acquisition, Gold Fields owns 41,666,667 common shares of Orezone, representing 12.2% of Orezone's issued and outstanding common shares. Gold Fields acquired the common shares of Orezone for investment purposes and has no present intention of acquiring ownership of, or control over, additional securities of Orezone.
The Essakane Project is a late stage development project located in Burkina Faso, West Africa. A bankable feasibility study was recently completed which envisioned a surface mine/CIL operation processing an average of 5,400,000 tonnes per annum. The project has an indicated and inferred resource of 3.8 million ounces of gold at a 1.0 g/t cutoff and a contained reserve of 2.65 million ounces. The project will take 18 months to construct at a total capital cost of US$346 million, and first gold is expected to be poured by early 2010. Once operational, the mine will produce an average of 292,000 ounces of gold per annum.
Orezone is an explorer and emerging gold producer with a pipeline of advanced and grassroots projects in politically stable areas of West Africa. West Africa is one of the world's fastest growing gold producing regions.
Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of 4.0 million ounces per annum, mineral reserves of 94 million ounces and mineral resources of 252 million ounces. The Group employs some 47,000 permanent employees across its operations and is listed on the JSE Limited South Africa (primary listing), the New York Stock Exchange (NYSE) and the Dubai International Financial Exchange (DIFX).
SOURCE Gold Fields Limited

JOHANNESBURG, November 28, 2007 /PRNewswire-FirstCall via COMTEX/ -- The JSE's Socially Responsible Investment (SRI) Index, which assesses the environmental, social and economic sustainability practices and corporate governance of listed companies, yesterday announced that Gold Fields Limited ("Gold Fields") (LSE: GFI)(NYSE: JSE)(DIFX: GFI) is one of the Best Performers of the 2007 SRI Index.
Ian Cockerill, Chief Executive Officer of Gold Fields said: "As a global precious metals company, Gold Fields endeavours to undertake its activities in a manner that minimizes or eliminates negative impacts and maximizes positive impacts of an environmental or socio-economic nature. The company is therefore very proud to once again be ranked amongst the Best Performers in the high impact environmental category of the JSE SRI Index for 2007. Since 2005, Gold Fields has been an outstanding performer within a sector that remains dominant as the biggest individual sector represented within the SRI Index."
Cockerill continued: "Gold Fields is committed to the responsible stewardship of natural resources and the ecological environment for present and future generations and aims to continually implement a comprehensive strategy to maximise positive environmental or socio-economic outcomes to ensure a long-term future."
http://www.goldfields.co.za
SOURCE Gold Fields Limited

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JOHANNESBURG, South Africa, November 29, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (Gold Fields) (GFI: gold fields ltd new sponsored adr) , (JSE: GFI), (DIFX: GFI) reports that following a meeting with the Principal Inspector, Gauteng of the Department of Minerals and Energy (DME), the Section 54, which halted all tramming at Driefontein Gold Mine, has been lifted and normal mining operations will resume with the morning shift of Friday, November 30, 2007.
Terence Goodlace, executive vice president and head of Gold Fields South African operations, said today that every effort would be made to make up lost production.
He added: "We remain committed to safe working at all our mines and we will endeavour to ensure that no-one comes to harm while carrying out duties. Safety is, and has always been the number one priority within Gold Fields."
The risk assessment and safety audit under a DME Section 54, relating to pillar mining at Kloof, continues. Approximately half of the pillars have been audited and only seven percent of the mine's output remains affected. It is expected that Kloof will be fully operational within 24 hours.
SOURCE Gold Fields Limited

Almost 100 companies from 23 countries have already registered for the 2008 IR Global Rankings: Deadline is November 30, 2007
Three rankings (technical evaluation): IR websites, corporate governance practices and financial disclosure procedures / One ranking (investor's choice via Bloomberg terminals) for IR programs

NEW YORK, Nov 28, 2007 /PRNewswire via COMTEX/ -- MZ Consult NY LLC ( http://www.mz-ir.com), a leading global investor relations and financial communications firm, today announced that the registration period for the 10th annual edition of the IR Global Rankings and Awards has entered its final week -- deadline is Friday, November 30, 2007. The IR Global Rankings, sponsored by KPMG, Arnold & Porter, The Bank of New York Mellon, Bloomberg and PR Newswire, is a unique external review of any company's communication procedures with analysts and investors worldwide.
TO REGISTER for the 2008 IRGR, the most comprehensive auditing and ranking system for IR websites, corporate governance practices and financial disclosure procedures, please visit the website http://www.irglobalrankings.com, or type IRGR < GO > on your Bloomberg terminal.

...

TOP Companies of the 2007 IR Global Rankings include (check ad on page 135 of the current issue of Bloomberg Markets Magazine):

...

Harmony Gold (HMY)

...

NEW YORK, Nov 29, 2007 /PRNewswire via COMTEX/ -- MZ Consult NY LLC ( http://www.mz-ir.com), a leading global investor relations and financial communications firm, today announced that the registration period for the 10th annual edition of the IR Global Rankings and Awards has entered its final week - deadline is Friday, November 30, 2007. The IR Global Rankings, sponsored by KPMG, Arnold & Porter, The Bank of New York Mellon, Bloomberg and PR Newswire, is a unique external review of any company's communication procedures with analysts and investors worldwide.
TO REGISTER for the 2008 IRGR, the most comprehensive auditing and ranking system for IR websites, corporate governance practices and financial disclosure procedures, please visit the website http://www.irglobalrankings.com, or type IRGR < GO > on your Bloomberg terminal.

TOP Companies of the 2007 IR Global Rankings include (check ad on page 135 of the current issue of Bloomberg Markets Magazine): Harmony Gold (HMY)

Final Reminder: Today is the Deadline to Register for the 2008 IR Global Rankings
More than 135 companies from 31 countries have already registered. We expect to have a record number of companies registered for the 2008 IRGR

NEW YORK, Nov 30, 2007 /PRNewswire via COMTEX/ -- MZ Consult NY LLC ( http://www.mz-ir.com), a leading global investor relations and financial communications firm, today announced that the registration period for the 10th annual edition of the IR Global Rankings and Awards has entered its final week -- deadline is Friday, November 30, 2007. The IR Global Rankings, sponsored by KPMG, Arnold & Porter, The Bank of New York Mellon, Bloomberg and PR Newswire, is a unique external review of any company's communication procedures with analysts and investors worldwide.
TO REGISTER for the 2008 IRGR, the most comprehensive auditing and ranking system for IR websites, corporate governance practices and financial disclosure procedures, please visit the website http://www.irglobalrankings.com, or type IRGR < GO > on your Bloomberg terminal.

TOP Companies of the 2007 IR Global Rankings include (check ad on page 135 of the current issue of Bloomberg Markets Magazine): ... Harmony Gold (HMY)

Gold Fields Completes Sale Of Venezuelan Assets [GFI]

12/3/2007 1:38:38 PM Monday, Gold Fields Ltd. (GFI) announced that it has completed the sale of all its assets in Venezuela to Rusoro Mining Ltd. (RML.V).

As per the deal, Gold Fields received US$180 million in cash and 140 million newly-issued Rusoro shares, which represent about 37% of the outstanding shares of Rusoro.

Last month, Gold Fields completed the sale of its 60% stake in the Essakane Project in Burkina Faso, West Africa to its partner Orezone Resources Inc. (OZN.TO) for US$200 million.

The purchase price comprised US$150 million in cash and 41.67 million in common shares, having an aggregate subscription price of US$50 million.

Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 4.0 million ounces per annum, mineral reserves of 94 million ounces and mineral resources of 252 million ounces. The Group employs some 47,000 permanent employees.

GFI is currently trading at $16.45, while RML.V is currently trading at C$1.70, up 5 cents or 3.03%.

Gruss,