Gold Fields Responds to Illegal Strikes at its Ghanaian Operations
JOHANNESBURG, April 3, 2013 /CNW/ - Gold Fields Limited (Gold Fields) (JSE,
NYSE, NASDAQ Dubai: GFI), regrets to report that employees at its Tarkwa and
Damang mines in Ghana, in which it has a 90% interest, have today, at
approximately 11.00am (Ghana time), embarked on illegal industrial action
which has led to production at both mines being stopped.
This follows after the Ghana Mineworkers Union (GMU) and its affiliates, the
Professional Managerial Staff Union and the Branch Union, yesterday presented
management at both mines with a number of demands, and threatened industrial
action should the company not respond favourably to the demands within 24
The demands relate to a dispute in the determination of profit share payments
to employees; the unconditional reinstatement of an employee who was dismissed
following an internal disciplinary procedure; dissatisfaction with certain
management structures; the removal of certain members of senior management;
concerns about catering delivery models; and allegations of discrimination
between expatriate and Ghanaian employees.
Gold Fields is analysing and investigating the demands as a matter of urgency.
The company also appeals to all employees to maintain law and order while this
process is underway as the safety and security of all employees is of primary
The company holds the view that the industrial action is illegal and
unprotected. This could expose participating workers to the no-work, no-pay
rule as well as possible dismissal.
Notes to editors
About Gold Fields
Gold Fields is a significant unhedged producer of gold with attributable
annualised production of 2.1 million gold equivalent ounces from six operating
mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an
extensive and diverse global growth pipeline with four major projects at
resource development and feasibility level. Gold Fields International has
total managed gold-equivalent Mineral Reserves of 64 million ounces and
Mineral Resources of 155 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). In February
2013, Gold Fields unbundled its KDC and Beatrix mines in South Africa into a
separately listed company, Sibanye Gold.
Sponsor: J.P. Morgan Equities Limited
Willie Jacobsz Tel:+27-11-562-9775 or +1-857-241-7127 (USA)
Mobile:+27-82-971-9238 (SA) Email:Willie.Jacobsz@goldfields.co.za
Media-Ghana ShardaNaidoo Mobile(SA): +27-11-367-5816 Mobile
Media - South Africa Sven Lunsche Tel:+27-11-562-9763
SOURCE: Gold Fields Limited
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CO: Gold Fields Limited
NI: MNG LABOR LBR
-0- Apr/03/2013 14:05 GMT
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