Gold Fields / GFI (NYSE, JNB)

  • South Africa-based mining company Gold Fields (GFI) has been downgraded to a hold from a buy.


    GFI's revenue growth trails the industry average. Earnings per share fell 53.3% in the third quarter of fiscal 2007 compared with the same quarter a year earlier. Although the company's stock has lost 28.3% of its value over the past 12 months, it remains more expensive than many of its peers on a price-to-earnings basis. GFI had been rated a buy since August 2006.

  • VANCOUVER, BRITISH COLUMBIA, May 17, 2007 (MARKET WIRE via COMTEX) -- Great Basin Gold Ltd. ("Great Basin Gold" or the "Company") (CA:GBG) (GBN: great basin gold ltd com) (JSE: GBGOLD) announces that in respect of the Framework Agreement to effect the introduction of Tranter Gold (Proprietary) Limited ("Tranter") as a broad-based black economic empowerment shareholder in Great Basin Gold ("the proposed transaction"), the relevant transaction processes are continuing as envisaged.
    As previously announced, Gold Fields Limited, GFL Mining Services Limited ("GFL"), Great Basin Gold and Tranter entered into a heads of agreement relating to the net smelter royalty payable by Southgold Exploration (Proprietary) Limited ("Southgold") to GFL ("the net smelter royalty"), in terms of which Southgold will pay to GFL an amount of R80 million in full and final settlement of the net smelter royalty and GFL will simultaneously contribute an amount of R80 million to Tranter ("the net smelter royalty transaction"). R70 million of this contribution is to be utilised by Tranter for the purposes of partly funding the total purchase consideration for the proposed transaction of R260 million. The date for the conclusion of a definitive agreement between the parties in respect of the net smelter royalty transaction has been extended to 31 May 2007.
    The balance of the funding required for the proposed transaction of R190 million is to be secured by Tranter on commercially acceptable terms. Tranter is currently in advanced stages of finalising these funding arrangements.
    Following the finalisation of the above processes, various other conditions precedent will be required to be fulfilled, including the required regulatory approvals being obtained for the proposed transaction in Canada and South Africa, which comprise, inter alia, approval from the South African Reserve Bank and approval from the Toronto Stock Exchange, the American Stock Exchange and the JSE Limited.
    For additional details on Great Basin and its gold properties, please visit the Company's website at http://www.greatbasingold.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
    Ferdi Dippenaar, President and CEO

  • Das erklaert vielleicht warum GFI so gefallen ist in letzter Zeit.


    Barrick hat nun abgeladen, auf gehts ! :D

    MEDIA RELEASE



    Barrick Sells Gold Fields Shares



    Johannesburg, 24 May 2007.



    Pursuant to the composite transaction through which
    Gold Fields Limited (Gold Fields) (NYSE, JSE, DIFX: GFI) acquired Western Areas
    Limited and the South Deep Gold Mine (South Deep), Gold Fields is pleased to
    announce the following update to its share register.
    As a result of the composite transaction Barrick Gold Corporation (Barrick)
    received 18,701,944 Gold Fields shares as part payment for its 50% stake in
    South Deep.


    On reconciliation of its share register it has come to the attention of Gold
    Fields that Barrick has reduced its holding in Gold Fields from 18,701,944 to 4,630,250 shares.

    - end -

    Date: 24/05/2007 12:34:27 Produced by the JSE SENS Department.

  • JOHANNESBURG, May 24, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    Gold Fields Ltd. (GFI) said Barrick Gold Corp. (ABX) has sold a portion of the shares it received as part payment for its 50% stake in South Africa's South Deep gold mine.
    The South African mining company said that on reconciliation of its share register, it came to its attention that Barrick had reduced its holding in Gold Fields to about 4.63 million shares from 18.7 million shares.

  • LONDON, UNITED KINGDOM, May 25, 2007 (MARKET WIRE via COMTEX) -- Lero Gold Corp. ("Lero", or the "Company") (CA:LER) is pleased to announce that Gold Fields Exploration B.V. ("Gold Fields"), an indirect wholly-owned subsidiary of Gold Fields Limited, has agreed to acquire, by way of private placement, 466,840 shares in the Company at CAD$0.50 each ("Shares"), for gross proceeds of CAD$233,420.00. Completion of the private placement is subject to certain conditions, including regulatory approval.
    This will be the second such placement by Gold Fields into Lero; the first being of five million shares at CAD$0.50 each, raising CAD$2,500,000 in November 2006. Upon completion of this second placement, Gold Fields' holding within the Company will total 5,466,840 common shares (8.99%)
    Lero has undertaken to expend at least CAD$2,000,000 of the gross proceeds from the initial private placement, together with all of the CAD$233,420 of the gross proceeds from this second private placement as exploration expenses on the tenements identified in the previous placement, being the Kentash, Taldybulak and Korgontash tenements in the Talas Region and the tenement identified in the second private placement, being the Barkol exploration licence, north western Kyrgyzstan.
    In November 2006, Lero granted Gold Fields an option to enter into a joint venture agreement with the Company under which Gold Fields has the right to;
    - earn up to a 60% interest in exploration licences on the Kentash, Taldybulak and Korgontash tenements in the Talas Region by funding exploration expenditures of up to CAD$10 million, and
    - increase its interest in the project by a further 10% (to a total of 70%) by funding the expenditure of up to a further CAD$10 million on a feasibility study. Thereafter, Gold Fields and Lero will contribute to the project requirements on a pro-rata basis through to development, if appropriate.
    In terms of this second private placement, Lero has agreed to extend this option to include the Barkol exploration licence as well.
    President and CEO of Lero, Nick Clarke said:
    "Recent and on-going exploration within our Kyrgyzstan-based Taldybulak licence confirms extensive copper-gold porphyry mineralisation. Having the world's fourth largest gold producer, Gold Fields, agreeing to make this indirect investment in our Company and showing such an interest in our exploration programmes is very welcome. The Company's exploration efforts within the Barkol licence will be enhanced by the subscription funds received from Gold Fields, on terms that reflect their confidence in our licence areas and in our management. This further collaboration with Gold Fields represents another key step forward in developing our Company's resources."
    Notes to Editors:
    1. Lero Gold Corporation (CA:LER: news, chart, profile) is a new base and precious metal exploration company led by a senior management team with extensive expertise in mineral exploration and advanced project management. In July, 2006 Oriel Resources Plc completed its previously announced transfer and sale of its gold related assets into Lero Gold Corporation ('Lero') (formerly ELE Capital Corporation - 'ELE'). Lero resumed trading on TSX Venture Exchange (TSX-V) on Thursday July 27, 2006 under the trading symbol "LER". Lero Gold is currently seeking and evaluating advanced exploration stage gold and base metal projects in Kazakhstan, Kyrgyzstan and Russia.
    2. Gold Fields Exploration B.V. is an indirect wholly owned subsidiary of Gold Fields Limited
    3. For avoidance of confusion;
    a. The Taldybulak-Talas copper-gold porphyry is a separate deposit from the Taldybulak Levoberezhny gold deposit previously owned by Central Asia Gold Limited, and
    b. The Talas Copper Gold Limited Liability Company the holder of the Lero owned Taldybulak licence is a separate company from Talas Gold Mining Company which is the owner of the Jerooy Gold project
    4. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
    Contacts: Lero Gold Corporation Nick Clarke President & CEO +44 (0) 20 7514 0590 Lero Gold Corporation Darryl Yea Non-Executive Chairman (604) 699-2458 Lero Gold Corporation Gavin Dallas Marketing and PR +44 (0) 20 7514 0590 Lero Gold Corporation Patrick Elliot Manager IR (604) 643-1744 Email: info@lerogold.com Website: http://www.lerogold.com Bankside Consultants Michael Padley / Michael Spriggs +44 (0) 20 7367 8888
    SOURCE: Lero Gold Corporation

  • Last Update: 10:10 AM ET May 30, 2007


    JOHANNESBURG, May 30, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields Ltd.'s (GFI) executive vice president and head of exploration, Craig Nelsen, will be leaving the company to establish a new business venture in Denver, the South African gold miner said Wednesday.
    Nelsen, who will be chief executive of the Colorado venture, joined Gold Fields in April 1999 and was appointed vice president in April 2002. He was based in Denver, but traveled the world looking for exploration assets for the company.
    Gold Fields CEO Ian Cockerill said the company would announce a successor in the near future.

  • Last Update: 10:51 AM ET May 30, 2007


    JOHANNESBURG, May 30, 2007 /PRNewswire-FirstCall via COMTEX/ -- Gold Fields Limited (Gold Fields) (GFI: gold fields ltd new sponsored adr) said today that Craig Nelsen, its Executive Vice President and Head of Exploration would be leaving the Group to establish a new business venture in Denver, Colorado of which he will be CEO.
    Craig joined Gold Fields in April 1999 and was appointed as Executive Vice President in April 2002. He was based in Denver, but travelled the world in pursuit of exploration assets for Gold Fields.
    Ian Cockerill, Chief Executive of Gold Fields said: "It has been great working with Craig over the past eight years and I thank him for his exceptional work in exploration which has been of enormous benefit to Gold Fields.
    "I wish Craig well in his future endeavours. We will be announcing his successor in the near future."
    SOURCE Gold Fields Limited

  • North American Palladium Ltd.: Drilling at the Narkaus Property in Finland Confirms High Grade Reef and Contact Style Mineralization


    Last Update: 10:36 AM ET Jun 1, 2007


    TORONTO, ONTARIO, Jun 01, 2007 (MARKET WIRE via COMTEX) -- North American Palladium Ltd. ("NAP") (CA:PDL: news, chart, profile) (PAL: north amern palladium ltd com) is pleased to announce the final results of its drill campaign on the Narkaus (SK Reef) Property in Finland (the "Narkaus Property"). The Narkaus Property is one of a group of advanced stage PGM deposits located south of Rovaniemi, Finland known as the Arctic Platinum Project ("APP") over which NAP has a joint venture agreement with Gold Fields Limited ("Gold Fields").
    The Narkaus Property is comprised of three target areas: Kuohunki, Nutturalampi and Siika-Kama and is located 20 km to the northeast of the Suhanko Property, the subject of a feasibility study by Gold Fields in 2005. Since the commencement of its drill campaign in February 2006, NAP's strategy has been to focus on the near surface potential of known mineralization at the Narkaus Property in order to enhance the economics of the larger Suhanko Property and consider alternate development scenarios. While the mineralized zones at the Narkaus Property are smaller in size than the Suhanko Property, the drilling results support the belief that they are higher in grade. The Narkaus Property covers approximately a 20 km strike length of highly favourable host rock considered to be under-explored.
    These final results constitute the completion of the phase one drill campaign (see press release dated October 30, 2006 for previous results from this program) and include the results from a small geotechnical drilling program. This final set of results comprise 11 diamond drill holes totaling 2,203 metres in length that tested targets at the Siika-Kama and Kuohunki deposits to depths of just over 300 metres from surface. Highlights of these latest drill holes are presented below. Drill locations and other details are available at the end of this release and on NAP's website at http://www.napalladium.com.

  • MEDIA RELEASE



    Gold Fields announces total attributable Mineral Resources of 251.7 million
    ounces and Ore Reserves of 93.8 million ounces



    Johannesburg, 6 June 2007: Gold Fields Limited ("Gold Fields") (NYSE, JSE,
    DIFX: GFI) today published its Mineral Resource and Ore Reserve Statement for
    the 12 month period to 31 December 2006.


    Total attributable precious metal Mineral Resources, inclusive of Ore Reserves,
    increased by 40% to 251.7 million ounces and total attributable Ore Reserves
    increased by 44% to 93.8 million ounces. Both numbers are net of 12 months'
    depletion and include the acquisition of South Deep gold mine.
    Ian Cockerill, Chief Executive Officer of Gold Fields said:


    "We are pleased to be able to announce such a strong Resource and Reserve
    Statement that significantly increases our overall position, not only replacing
    the Reserves that we have mined but also helping to grow Gold Fields and
    underpin our strategic focus on securing the future."
    "Guided by our commitment to Corporate Governance, the consistency in reporting
    among our operating mines and compliance with public and internal regulatory
    codes of practice are paramount. The Mineral Resource Management processes
    utilised by the Group continue to improve through enhanced competent persons
    reporting. Gold Fields' Resource and Reserve Statement has been audited by a
    leading independent global mining consultancy and is SAMREC compliant and
    aligned to the requirements of the Sarbanes-Oxley Act."


    Mineral Resources were calculated using a gold price of R135,000/kg in South
    Africa; A$875/oz in Australia; and US$650/oz in Ghana, Venezuela and Peru.


    Ore Reserves were calculated using a gold price of R100,000/kg in South Africa;


    A$650/oz in Australia; and US$500/oz in Ghana, Venezuela and Peru, as per SEC guidelines.


    The full Mineral Resource and Ore Reserve declaration Supplement is available on
    the Gold Fields website at http://www.goldfields.co.za

  • Ist ja beruhigend; der Kurs hat Nachholbedarf!


    Habe auch noch was gefunden:


    Quelle: finanznachrichten.de


    http://www.emfis.de/global/glo…Goldreserven_ID53234.html


    - & - von heute 12:39


    Gold Fields steigert Goldreserven


    Johannesburg 06.06.2007 (http://www.emfis.com / http://www.rohstoffe-go.de)
    Die südafrikanische Gold Fields, einer der größten Goldproduzenten der Welt, gab heute bekannt, dass die Goldreserven, inklusive Erzereserven, des Unternehmens im Jahr 2006 um vierzeig Prozent auf 251,7 Mio. Unzen angewachsen sind.
    Die Zahlen schließen die Übernahme der Mine South Deep ein.


    Quelle: EMFIS.COM, Autor: (rh)


    -
    Relevante ZertifikateLetztes Update 05.06.2007 Name Fälligkeit Referenz Geld Brief Änderung
    Gold Fields Discount Zertifikat
    (NL0000738821) - 17.50 8.54 8.64 0.00
    Gold Fields MINI Long
    (NL0000788099) - 17.00 3.92 4.32 0.99
    Gold Fields Call
    (NL0000804789) - 17.30 0.18 0.21 0.00
    Gold Fields Put
    (NL0000805463) - 17.50 0.07 0.09 0.00
    Merrill Lynch World GOLD Fund Quanto Open End Zertifikat
    (NL0000470425) - 38.00 34.08 35.11 0.00
    FTSE/JSE Südafrika Gold Mining
    (NL0000189884) - 2755.00 28.70 29.13 0.00
    AMEX Gold Bugs Bonus Zertifikat
    (NL0000195246) - 343.00 17.66 17.81 0.00
    GOLD FIELDS
    Kurs Vortag Veränderung
    12.26 12.6 -2.70%
    Kursdaten Archiv RSS Newsfeed
    RS: GOLD
    Kurs Vortag Veränderung
    669.2 669.9 -0.11%
    Kursdaten Archiv RSS Newsfeed



    Gruss,

  • Simona


    Ein schwacher Rand und schon geht die GFI ab.


    Warum der so stark bleibt wundert mich.


    Anscheinend geht alles nun umgekehrt.


    Ich bleibe weiter short mit dem Rand, irgendwann kippt der wieder um, IMO


    Lass die GFI schoen in der Schublade. =)


    Zum Trost, bei NEM ruehrt sich auch nicht viel.


    Gruss


    XEX

  • Robb M. Stewart
    JOHANNESBURG (MarketWatch) -- Gold and coal producers in South Africa have been called on to raise wages for unionized workers by at least 15% as collective bargaining looks set to begin.
    The National Union of Mineworkers said it sent its demands Friday to the Chamber of Mines, which every two years leads negotiations on behalf of members, including AngloGold Ashanti Ltd. (AU: anglogold ashanti ltd) , Gold Fields Ltd. (GFI: gold fields ltd new sponsored adr) and Harmony Gold Mining Co. (HMY: harmony gold mng ltd sponsored adr) . The union has called for the same 15% wage increase from both the gold and coal industries.
    The union, in an e-mailed statement, said it also is calling for an allowance of 1,500 rand ($211) a month for gold workers and ZAR2,850 a month for coal workers who don't use company-provided accommodation, as well as a 3% increase in workers' shift allowance.
    "We strongly believe that the demands are very reasonable and that the employers will soon come to the party without hassles," said NUM, South Africa's largest union.
    Elize Strydom, negotiator for the chamber, said NUM has made 36 separate demands that must be presented to members. Strydom added the chamber will now look for a mandate for bargaining, and so she doesn't expect negotiations with NUM and other unions to begin for another two weeks.
    "They are going to be tough talks, there's no doubt about that," Strydom told Dow Jones Newswires. "Things are going to be fairly drawn out."
    Trade union Solidarity last month submitted its demands to the chamber, calling for a 20% wage increase for members at the country's gold producers.
    Gold production in South Africa amounted to 62,806.7 kilograms in the first quarter of the year, down 7.6% on the same three months the year before, the Chamber of Mines said in late May. It added cash production costs were almost 20% higher and total operating costs before capital expenditure up nearly 18%.
    South Africa, the world's largest producer of gold, in 2005 faced its first industry-wide strike in 18 years when miners downed tools for five days. Workers then accepted a 6% to 7% pay increase for the lowest job categories and an increase of 5.5% to 6% in the second year of the agreement, which is set to expire at the end of June.
    NUM, which represents the bulk of miners in the country, and Solidarity are also calling for a 15% wage rise at leading platinum producers Anglo Platinum Ltd. (AMS.JO) and Impala Platinum Holdings Ltd. (IMPUY: impala platinum hldgs) , which bargain independently.
    Anglo Platinum, which is negotiating with six unions representing about 42,000 workers, last week raised its offer to a 6% pay hike from 5% but dropped an offer of a one-time 30% bonus on the basic monthly salary.

  • Edited Press Release
    JOHANNESBURG (MarketWatch) -- South Africa's National Union of Mineworkers has released its demands for the country's Chamber of Mines, calling for a 15% wage increase for members, the union said Monday.
    In terms of allowances from employers falling within the scope of the chamber, the union said it demands ZAR1,500 as a living out allowance for gold workers and ZAR2,850 for coal workers. It further demands that all shift allowance be increased by 3%.
    "We strongly believe that the demands are very reasonable and that the employers will soon come to the party without hassles," NUM said.

  • Edited Press Release
    JOHANNESBURG (MarketWatch) -- A miner was fatally wounded overnight at Anglo Platinum Ltd.'s (AMS.JO) Rustenburg in South Africa, the same mine where three miners this week died in a mud-rush, South Africa's National Union of Mineworkers said Friday.
    The trade union said it is concerned by the increasing number of fatalities in the mining industry.
    One miner remains missing after three were recovered at Gold Fields Ltd.'s (GFI: gold fields ltd new sponsored adr) Driefontein mine near Carletonville, South Africa.
    "The miner has been trapped for more than eleven hours now and hope to find him alive is gradually dissipating," NUM said.
    "It is a sorry state of affairs that miners do dangerous work and get paid peanuts while in actual fact dangerous work like mining should be well remunerated" said NUM General Secretary Frans Baleni. "We will therefore not compromise on anything in terms of our negotiations this year as miners cannot continue to risk their lives for a pittance."
    NUM said it strongly condemns employers' actions in not following proper safety procedures in pursuit of beating production targets.
    It added that it condemns the lack of training and failure to follow safety procedures at Anglo Platinum, and called on the state to intervene.

  • LONDON, Jun 06, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    Gold Fields Limited Wednesday published its Mineral Resource and Ore Reserve Statement for the 12 month period to Dec. 31, 2006.
    The company said total attributable precious metal Mineral Resources, inclusive of Ore Reserves, increased by 40% to 251.7 million ounces and total attributable Ore Reserves increased by 44% to 93.8 million ounces. Both numbers are net of 12 months' depletion and include the acquisition of South Deep gold mine.
    Ian Cockerill, Chief Executive Officer of Gold Fields said: "Guided by our commitment to Corporate Governance, the consistency in reporting among our operating mines and compliance with public and internal regulatory codes of practice are paramount.
    "The Mineral Resource Management processes utilised by the Group continue to improve through enhanced competent persons reporting. Gold Fields' Resource and Reserve Statement has been audited by a leading independent global mining consultancy and is SAMREC compliant and aligned to the requirements of the Sarbanes-Oxley Act."

  • Last Update: 4:41 AM ET Jun 6, 2007


    JOHANNESBURG, Jun 06, 2007 (Dow Jones Commodities News via Comtex) -- Edited Press Release
    Gold Fields Ltd.'s (GFI) total attributable precious metal mineral resources, inclusive of its ore reserves, increased by 40% in 2006 to 251.7 million ounces, the South African gold producer said Wednesday.
    Total attributable ore reserves increased by 44% to 93.8 million ounces.
    Both numbers are net of 12 months' depletion and include the acquisition of the South Deep gold mine in South Africa.
    "We are pleased to be able to announce such a strong resource and reserve statement that significantly increases our overall position, not only replacing the reserves that we have mined but also helping to grow Gold Fields and underpin our strategic focus on securing the future," Chief Executive Ian Cockerill said.
    Mineral resources were calculated using a gold price of 135,000 rand a kilogram in South Africa; A$875 and ounce in Australia; and $650 an ounce in Ghana, Venezuela and Peru. Ore Reserves were calculated using a gold price of ZAR100,000 a kilogram in South Africa; A$650/oz in Australia; and $500/oz in Ghana, Venezuela and Peru, as per SEC guidelines.

  • Last Update: 4:53 AM ET Jun 6, 2007


    Jun 06, 2007 (Dow Jones Commodities News via Comtex) -- Gold Fields' ore reserves rose 44% in 2006.
    ("Gold Fields Ld Sees Ore Reserves +40%," published at 0833 GMT, misstated that ore reserves were expected to rise 40% in the headline.)

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