Gold Fields Limited has appointed Jefferies International to undertake a review of potential strategic alternatives at its Talas Copper-Gold Project in Kyrgyzstan. The company’s wholly-owned subsidiary Gold Fields Orogen says the review will examine and consider opportunities available to the company with the objective of further enhancing shareholder value.  1

However, the review is not expected to result in any specific strategic or financial transaction and no timetable has been set for its completion.

The Talas project is in the Central Asian Orogenic Belt in Kyrgyzstan, which is widely recognized as the second largest gold province outside of the Witwatersrand. The belt is home to some of the world’s largest copper-gold deposits, including the 110 million ounce Murantau, 80 million ounce Almalyk and Oyu Tolgoi which hosts 100 billion pounds of copper and 60 million ounces of gold.

As of 31 December 2012, Talas contained mineral resources of 1.7 billion pounds of copper and 6.7 million ounces of gold. Gold Fields also owns three neighbouring prospecting licences in the Tien Shan gold belt covering 32,150 hectares.

Gold Fields is a large unhedged producer of gold with attributable annual production of about 2 million gold ounces from six operating mines in Australia, Ghana, Peru and South Africa. It also boasts total attributable gold reserves of 54.9 million ounces and resources of 125.5 million ounces.

The company also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility. In February 2013, Gold Fields unbundled its KDC and Beatrix mines in South Africa into a separately listed company, Sibanye Gold.
www.goldfields.co.za

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