Press release from CNW Group
Gold Fields Limited: Talas Copper Gold Project
Friday, May 24, 2013
Gold Fields Limited: Talas Copper Gold Project04:34 EDT Friday, May 24, 2013
JOHANNESBURG, May 24, 2013 /CNW/ - Gold Fields Limited (Gold Fields) (JSE, NYSE, NASDAQ Dubai: GFI) today announced that its wholly owned subsidiary, Gold Fields Orogen Holding BVI Ltd, has appointed Jefferies International as exclusive financial advisor to assist with a review of potential strategic alternatives in relation to the Talas Copper Gold Project in Kyrgyzstan.
The strategic review will examine and consider opportunities available to the company with the objective of further enhancing shareholder value. The strategic review will not necessarily result in any specific strategic or financial transaction and no timetable has been set for its completion. Gold Fields will keep shareholders updated on the strategic review process and any material developments.
About the Talas Copper Gold Project:
The Talas Copper Gold Project (100% owned by Gold Fields) is situated in the Central Asian Orogenic Belt (CAOB) in Kyrgyzstan, which is widely recognised as the second largest gold province by endowment outside of the Witwatersrand. The CAOB region is home to some of the world's largest copper gold deposits, including Murantau (110 million ounces of gold-equivalent), Almalyk (80 million ounces of gold-equivalent) and Oyu Tolgoi (100 billion pounds of copper, 60 million ounces of gold).
As of 31 December 2012, the Talas Copper Gold Project contained mineral resources of 1.7 billion pounds of copper and 6.7 million ounces of gold. Gold Fields also owns three neighbouring prospecting licenses in the Tien Shan gold belt covering 32,150 hectares.
Notes to editors
About Gold Fields
Gold Fields (following the unbundling of Sibanye Gold) is a large unhedged producer of gold with attributable annual production of approximately 2 million gold ounces from six operating mines in Australia, Ghana, Peru and South Africa. The new Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility. The new Gold Fields has total attributable gold Mineral Reserves of 54.9 million ounces and Mineral Resources of 125.5 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX). In February 2013, Gold Fields unbundled its KDC and Beatrix mines in South Africa into a separately listed company, Sibanye Gold
Sponsor: J.P. Morgan Equities Limited
SOURCE: Gold Fields Limited
For further information:
Jefferies International Limited