50NT Hsbc Bk. 25

RNS Number:6245K
Gold Fields Ld
15 May 2000

MEDIA RELEASE

Gold Fields clinches a deal with Ashanti

JOHANNESBURG, 12 May 2000 - Gold Fields Limited (JSE "GFI", Nasdaq "GOLD")
today announced that it has reached agreement to acquire a portion of
Teberebie Mine's assets from the Ghana mining company Ashanti Goldfields
pursuant to Ashanti acquiring Teberebie from Pioneer Group Inc.

The assets to be acquired by Gold Fields are located on the northern portion
of the Teberebie mine and are adjacent to Gold Fields Tarkwa operations.  The
assets include heap-leach pads and their associated crushing agglomerations
and stacking facilities.  In addition, Gold Fields will be acquiring
approximately one-million ounces of resources suitable to carbon-in-leach
processing.

The consideration for this transaction is a payment of approximately US$5
million dependent on the timing of payments.

This transaction will enable Tarkwa Mine, a subsidiary of Gold Fields, to
increase production significantly.

Completion of this transaction is subject to certain conditions such as bank
creditors, which is expected in the next few weeks.

Gold Fields Limited is one of the largest gold producers in the world, with
annual production in excess of 4 million ounces, proven and probable reserves
of 74 million ounces and resources of 152 million ounces.  Gold Fields trades
on the Johannesburg Stock Exchange (GFI), as well as on NASDAQ (GOLD) and on
the London, Paris, Brussels, and Swiss stock exchanges.

Enquiries:

Nick Holland, Finance Director 
Tel : (011) 644-2502 (w)   Mobile : (082) 882-9346
Keith Irons, Bankside Consultants, London 
Tel: 020 7220 7477   Mobile: 07885 356 639






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