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GOLD FIELDS LIMITED - Gold Fields Australia wins appeal in native title proceedings

Release Date: 29/03/2016 09:40
Code(s): GFI     PDF:  
Wrap Text
Gold Fields Australia wins appeal in native title proceedings

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


Gold Fields Australia wins appeal in native title proceedings


Johannesburg, 29 March 2016: Gold Fields Limited (Gold Fields) (JSE,
NYSE: GFI) is pleased to announce that the Full Court of the Federal
Court of Australia today overturned a July 2014 Federal Court
decision that the re-grant of certain tenements to Gold Fields
Australia’s St Ives mine in 2004 by the State was not compliant with
the correct processes in the Native Title Act 1993 (Cth).

As such, the Federal Court has confirmed that St Ives’ re-granted
tenements are valid for the purpose of the Native Title Act, and
that whilst St Ives’ rights as tenement holder and the Ngadju
People’s native title rights shall coexist, St Ives’ rights shall
prevail should there be any inconsistencies.

Gold Fields welcomes this finding, which confirms that it has at all
times complied with its legal obligations in respect of its dealings
with these tenements. Gold Fields will continue to openly engage
with the Ngadju People, and all other community stakeholders in
relation to its operations in Australia.

It is not yet clear whether the Ngadju People will seek to appeal
this decision.

Enquiries

Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email : Avishkar.Nagaser@goldfields.co.za


Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email : Sven.Lunsche@goldfields.co.za

ends


Notes to editors

About Gold Fields
Gold Fields Limited is an unhedged, globally diversified producer of
gold with eight operating mines in Australia, Ghana, Peru and South
Africa with attributable annual gold production of approximately 2.2
million ounces. It has attributable Mineral Reserves of around 48
million ounces and Mineral Resources of around 108 million ounces.
Attributable copper Mineral Reserves total 620 million pounds and
Mineral Resources 6,873 million pounds. Gold Fields has a primary
listing on the JSE Limited, with secondary listings on the New York
Stock Exchange (NYSE) and the Swiss Exchange (SWX).


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

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