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GOLD FIELDS LIMITED - Appeal lodged by Gold Fields subsidiary in native title proceedings

Release Date: 12/12/2014 09:13
Code(s): GFI     PDF:  
Wrap Text
Appeal lodged by Gold Fields’ subsidiary in native title proceedings

 Gold Fields Limited
 (Reg. No. 1968/004880/06)
 (Incorporated in the Republic of South Africa)
 JSE, NYSE, DIFX Share Code: GFI
 ISIN Code: ZAE000018123
 ("Gold Fields" or "the Company")



APPEAL LODGED BY GOLD FIELDS’ SUBSIDIARY IN NATIVE TITLE PROCEEDINGS

Gold Fields advised the market on 27 January 2014, that Gold Fields' subsidiary, St Ives Gold Mining
Company Pty Ltd ("St Ives"), which owns the St Ives Gold Mine in Western Australia, has been joined as
a respondent, alongside the State of Western Australia (the “State”) and other resources companies, in
proceedings commenced in the Federal Court of Australia by the Ngadju People, seeking determination of
its claim for native title over a parcel of land in the Goldfields region of Western Australia.

Gold Fields further advised the market on 7 July 2014 that the Federal Court had handed down a
decision, which accepted the submissions of the Ngadju People that the re-grant of certain of St Ives’
tenements in 2004 by the State was not compliant with the correct processes in the Native Title Act 1993
(Cth), and as such, the re-granted tenements are invalid to the extent the exercise of rights under the
tenements is inconsistent with the Ngadju People’s native title rights.

On 21 November 2014, the Federal Court made final orders in respect of this matter, which determined
the nature and extent of the native title rights held by the Ngadju People. These Orders were consistent
with, and gave effect to, the earlier decisions of the Federal Court.

St Ives, together with another major resources company and the State of Western Australia, has now
lodged an appeal against aspects of the Federal Court’s decision to the Full Court of the Federal Court of
Australia (3 Judges), and anticipates that the matter will be heard during Quarter 3/4 2015.

Gold Fields remains strongly of the view that it has at all times complied with its obligations under the
Native Title Act 1993 (Cth) in respect of its dealings with these tenements. Accordingly, St Ives will
vigorously pursue its appeal to the Full Federal Court, and remains confident of a favourable outcome
through this process.

Gold Fields will continue to keep the market informed of any material developments in the matter.




Johannesburg
12 December 2014

Sponsor
J.P. Morgan Equities South Africa (Pty) Ltd




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