Update on Chucapaca Project in Southern Peru

JOHANNESBURG AND LIMA, Peru, Nov. 14, 2012 /CNW/ - Gold Fields Limited (Gold 
Fields) (JSE, NYSE, NASDAQ Dubai: GFI) and Compañia de Minas Buenaventura 
S.A.A. (Buenaventura) (NYSE, BVN; Lima Stock Exchange: BUE.LM) today announced 
an update on the Chucapaca exploration project in the southern Peruvian region 
of Moquegua. The project is a joint venture by Gold Fields (51%) and 
Buenaventura (49%) and operated by Gold Fields. 
The partners have studied the viability of a large open-pit operation capable 
of sustaininga 30,000tonnesper day throughput. A first draft of the 
feasibility study has been completed and as a result ofrelatively 
highcapital and operating coststhisoptionwould not have 
deliveredacceptable project returns. 
Consequently, further study work will have to be performed by the joint 
venture focusing on value engineering the project to achieve the expected 
returns.Future work will mainly include the following:  

    --  Analysing different options for mine development, including an
        underground or a combined open-pit underground operation, and
        alternative throughput levels;
    --  Re-establishing exploration to add resource flexibility, once
        the required permits are granted; and,
    --  Optimising capital and project operating costs.

The partners reiterate their commitment to unlocking the potential of the 
Chucapaca project,which will need the support of all stakeholders, 
particularly theneighbouringcommunities. Gold Fields has built a close 
relationship with them and expects to continue working together through this 
phase of the project.

Notes to editors

About Gold Fields

Gold Fields is one of the world's largest unhedged producers of gold with 
attributable annualised production of 3.6 million gold equivalent ounces from 
eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields 
also has an extensive and diverse global growth pipeline with four major 
projects in resource development and feasibility, with construction decisions 
expected in the next 18 to 24 months. Gold Fields has total attributable 
gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources 
of 225.4 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).

About Buenaventura

Compañía de Minas Buenaventura S.A.A. is Peru's largest, publicly traded, 
Precious Metals Company and a major holder of mining rights in Peru. The 
Company is engaged in the mining, processing, development and exploration of 
gold and silver and other metals via wholly owned mines as well as through its 
participation in joint exploration projects. Buenaventura currently operates 
several mines in Peru (Orcopampa*, Poracota*, Uchucchacua*, Antapite*, 
Julcani*, Recuperada*, El Brocal, La Zanja, Coimolache and CEDIMIN*). The 
Company owns 43.65% of Minera Yanacocha S.R.L (a partnership with Newmont 
Mining Corporation), an important precious metal producer; 19.58% of Sociedad 
Minera Cerro Verde, an important Peruvian copper producer, and 49% of Canteras 
del Hallazgo S.A, owner the Chucapaca project.

Enquiries: Gold Fields 

Investor Relations  Willie Jacobsz  Tel  +27-11-562-9775  Mobile  
+27(0)82-971-9238  Email  Willie.Jacobsz@goldfields.co.za    

Media    Sven Lunsche  Tel  +27-11-562-9763 Mobile  
+27(0)83-260-9279 Email  Sven.Lunsche@goldfields.co.za

Diego Ortega Mobile  +51(0)9963-70508 Email  Diego.Ortega@gfexpl.com

Enquiries: Buenaventura Carlos Galvez Tel  +51-1-419-2540 Email  

Daniel Dominguez Tel  +51-1-419-2536 Email  

SOURCE: Gold Fields Limited

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CO: Compania de Minas Buenaventura S.A.A.

-0- Nov/14/2012 15:17 GMT

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