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GLD`s ann.re: Completes Refinancing

Document date:  Wed 14 Jul 1999
Published:  Wed 14 Jul 1999 00:00:00
Document No:  187053
Document part:  A
Market Flag:  N
Classification: 

GOLDFIELDS LIMITED.                           1999-07-14  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
Goldfields Limited advises that it has arranged a US$121 million
three year Revolving Credit Facility. The facility will be used in
part to refinance existing Goldfields' Group debt.

The Revolving Credit Facility, which consists of six linked bilateral
facilities, was self-arranged by Goldfields. The bilater0
al facilities
are being provided by:

  Credit Suisse First Boston 
  Australia and New Zealand Banking Group Limited 
  The Chase Manhattan Bank 
  Citibank N.A.
  Deutsche Australia Limited 
  SG Australia Limited

An amount of US$79 million of the facility will be drawn initially.
To provide capacity for future growth opportunities, the amount of
the facility is US$13 million higher than the US$108 million facility
it replaces.

Goldfields' Managing Director, Dr Peter Cass0
idy said: "The Company's
Board and management are pleased with the outcome. The new
arrangements provide the Company with increased funding flexibility
from a committed group comprising some of the world's strongest
bullion banks."

The facility documentation was executed today.


N F Lenahan 
COMPANY SECRETARY

For further information:

Dr Peter Cassidy - Managing Director 
Telephone: (02) 8223 2400


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