UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rules 13a-16 or 15d-16 under
the Securities Exchange Act of 1934
Dated 01 November 2018
Commission File Number: 001-31318
GOLD FIELDS LIMITED
(Translation of registrant’s name into English)
150 Helen Rd.
Sandown, Sandton 2196
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
_____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
_____
_____
Directors:
C A Carolus (Chair), N J Holland
†
** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), A Andani
#
, P J Bacchus
†
, T P Goodlace, C E
Letton^, P Mahanyele, R P Menell, S P Reid^, Y G H Suleman
^Australian,
^Australian,
†
British,
#
Ghanaian, ** Executive Director
Company Secretary
: MML Mokoka
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel
+27 11 562 9775
Mobile +27 82 312 8692
email
Avishkar.Nagaser@
goldfields.com
goldfields.com
Thomas Mengel
Tel
+27 11 562 9849
Mobile +27 72 493 5170
email
Thomas.Mengel@
goldfields.com
goldfields.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile +27 83 260 9279
email
Sven.Lunsche@
goldfields.com
goldfields.com
M E D I A R E L E A S E
NUM gives strike notice at South Deep mine
Johannesburg, 1 November 2018: Gold Fields Limited (Gold Fields)
(JSE, NYSE: GFI) yesterday received a notice by the National Union
of Mineworkers (NUM) of its intention to embark on a protected strike
at its South Deep operation in South Africa to protest retrenchments
at the mine. Under South African labour law, the union is required to
give 48 hours
(JSE, NYSE: GFI) yesterday received a notice by the National Union
of Mineworkers (NUM) of its intention to embark on a protected strike
at its South Deep operation in South Africa to protest retrenchments
at the mine. Under South African labour law, the union is required to
give 48 hours
’
notice of its intention to strike. The strike is set to
commence tomorrow (2 November 2018) afternoon.
About 80% of the mine’s workforce are members of the union and,
should the strike proceed, it is expected to impact adversely on
production during its duration. Safety of employees is paramount and,
if deemed necessary, South Deep would also consider cessation of
production for a limited period of time.
As part of a wide-ranging restructuring announcement to stem South
production during its duration. Safety of employees is paramount and,
if deemed necessary, South Deep would also consider cessation of
production for a limited period of time.
As part of a wide-ranging restructuring announcement to stem South
Deep’s significant cash losses and consolidate current operations,
Gold Fields commenced a Section 189 process with the mine’s two
registered trade unions, the NUM and UASA, on 14 August 2018.
Under the auspices of the Commission for Conciliation, Mediation and
Arbitration (CCMA), mine management has engaged the branch
leadership of the two unions since then about various matters related
to the section 189 process.
Consultations have been extensive with various options explored to
improve the sustainability of the mine and limit job losses. This
included an offer of voluntary severance packages, which was taken
up by 177 employees.
Despite these efforts South Deep still has to reduce its workforce by
approximately 1,100 staff members and retrenchment letters were
sent to these employees on 31 October 2018. In addition, the mine will
reduce the number of contractors by approximately 420 people.
The selection criteria used to determine which employees would be
affected were part of the Section 189 consultations and included
length of service, performance and competency criteria and
attendance records. Prior to the commencement of the Section 189
process South Deep employed 3,614 full-time employees and 2,214
contractors.
Under the auspices of the Commission for Conciliation, Mediation and
Arbitration (CCMA), mine management has engaged the branch
leadership of the two unions since then about various matters related
to the section 189 process.
Consultations have been extensive with various options explored to
improve the sustainability of the mine and limit job losses. This
included an offer of voluntary severance packages, which was taken
up by 177 employees.
Despite these efforts South Deep still has to reduce its workforce by
approximately 1,100 staff members and retrenchment letters were
sent to these employees on 31 October 2018. In addition, the mine will
reduce the number of contractors by approximately 420 people.
The selection criteria used to determine which employees would be
affected were part of the Section 189 consultations and included
length of service, performance and competency criteria and
attendance records. Prior to the commencement of the Section 189
process South Deep employed 3,614 full-time employees and 2,214
contractors.
“
We have reached a critical stage in the restructuring at South Deep, which follows on previous
unsuccessful initiatives to improve productivity ,” said Gold Fields CEO Nick Holland. “ The restructuring
will help to reduce the risk of continuing operating losses and consolidates the current mining operations
as a first step to building a sustainable, long-term operation. Unfortunately, the retrenchments and the
reduction in contractor numbers have become essential to ensure this and save the remaining 3,500
jobs
as a first step to building a sustainable, long-term operation. Unfortunately, the retrenchments and the
reduction in contractor numbers have become essential to ensure this and save the remaining 3,500
jobs
.”
“South Deep has a substantial and well-understood ore body and we believe that we can bring this into
profitable production over the next few years which will benefit all stakeholders, including the Westonaria
communities and the South African government
communities and the South African government
,”
Holland added.
The ‘no work, no pay’ principle will apply for the strike . “We respect the laws that allow for a peaceful,
legal strike, but we are very concerned about the further impact that industrial action will have on the
mine - and on our employees, with potentially more job losses
mine - and on our employees, with potentially more job losses
,” Holland said.
Gold Fields will announce South Deep’s latest production performance as part of the Group’s Q3 2018
operational update to be released on 9 November 2018.
Enquiries
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email :
Investors
Avishkar Nagaser
Tel: +27 11 562-9775
Mobile: +27 82 312 8692
Email :
Avishkar.Nagaser@goldfields.com
Thomas Mengel
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email:
Tel: +27 11 562 9849
Mobile: +27 72 493 5170
Email:
Thomas.Mengel@goldfields.com
Media
Sven Lunsche
Tel: +27 11 562-9763
Mobile: +27 83 260 9279
Email :
Sven.Lunsche@goldfields.com
Notes to editors
About Gold Fields
About Gold Fields
Gold Fields Limited is a globally diversified gold producer with seven operating mines in Australia, Ghana, Peru and South Africa, and a total
attributable annual gold-equivalent production of approximately 2.2 million ounces. It has attributable gold Mineral Reserves of around 49
million ounces and gold Mineral Resources of around 104 million ounces. Attributable copper Mineral Reserves total 764 million pounds and
Mineral Resources 4,881 million pounds. Gold Fields has a primary listing on the Johannesburg Stock Exchange (JSE) Limited, with secondary
listings on the New York Stock Exchange (NYSE) and the Swiss Exchange (SIX).
Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorised.
signed on its behalf by the undersigned, thereunto duly authorised.
GOLD FIELDS LIMITED
Dated:
01
November
2018
By:
/s/ Nicholas J. Holland
Name:
Nicholas J. Holland
Title:
Chief Executive Officer