Market Overview

Gold Fields Announces Spinoff of Sibanye Gold

Gold Fields Limited (NYSE: GFI) today announces the creation of a new
South African gold mining company through the proposed unbundling of
its 100% owned subsidiary, Sibanye Gold Limited (Sibanye Gold),
formerly known as GFI Mining South Africa Proprietary Limited (GFIMSA),
which holds the KDC and Beatrix gold mines as well as various service
companies.

Subject to approval by the JSE and the NYSE, Sibanye Gold will be listed
as a separate and independent company on both exchanges in February
2013. Sibanye Gold shares will then be distributed to existing Gold
Fields shareholders (whether held in the form of ordinary shares or
depository receipts).

Both Gold Fields and Sibanye Gold will be domiciled in South Africa with
their primary listing of shares on the JSE and a secondary listing of
American depository receipts on the NYSE. The other existing secondary
listings on the Swiss, Dubai and Brussels stock exchanges for Gold
Fields will remain unchanged.

Following the unbundling, Gold Fields will retain the balance of its
current portfolio of assets, including the developing South Deep Gold
Mine located in South Africa.

Matthews S Moloko, currently a non-executive director of Gold Fields and
executive

See full press release

Posted-In: News Guidance Contracts Management Stock Split Global

 

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