**Exhibit4.26**
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| 17 July 2006 Mr  N Holland Gold Fields Limited 24 St. Andrews Road Parktown Johannesburg Dear  Nick 1. Gold Fields Limited (“Gold Fields”), Mvelaphanda Resources Limited  (“Mvela Resources”), Mvelaphanda Gold (Proprietary) Limited, a subsidiary of  Mvela Resources (“Mvela Gold”) and GFI Mining South Africa (Proprietary)  Limited, a subsidiary of Gold Fields (“GFI-SA”) entered into a – 1.1 a series  of transactions (“Gold Fields transaction”) involving the acquisition by  Mvela Gold of a 15% interest in GFI-SA; and 1.2 covenants agreement as  amended by an agreement dated 17 November 2004 (collectively, the “initial  covenants agreement”) on 26 November 2003, which regulated, inter alia, the  relationship between Gold Fields and Mvela Gold in respect of GFI-SA. 2.  Mvelaphanda Holdings (Proprietary) Limited (“Mvela Holdings”) held 22,9% of  the issued share capital of Mvela Resources at the time of implementation of  the initial covenants agreement. 3. On 13 February 2004 - 3.1 Mvela Gold,  Micawber 325 (Proprietary) Limited (“Mezz SPV”) and FirstRand Bank Limited  (“FirstRand”) entered into a loan agreement as amended, if applicable, by an  agreement dated 17 November 2004 (collectively, the “initial Mezz SPV loan  agreement”) which regulated, inter alia, the advance of a loan from Mezz SPV  to Mvela Gold; 23 GLENHOVE ROAD MELROSE ESTATE JOHANNESBURG · PO Box 3047 HOUGHTON 2041 JOHANNESBURG TEL  +27-11-327-5427/8/9/30 FAX +27-11-327-5431 DIRECTORS: MIKKI XAYIYA MARK  WILLCOX YOLANDA CUBA TOKYO SEXWALE (EXEC. CHAIR) SYED JAFFREY(NON-EXEC) |

 

 
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| 3.2 Gold  Fields, GFI-SA, Mvela Resources, Mvela Holdings, Mvela Gold, FirstRand and  Mezz SPV entered into a sponsor support, guarantee and retention agreement as  amended, if applicable, by an agreement dated 17 November 2004 (collectively,  the “initial sponsor support agreement”) in terms of which, inter alia, Mvela  Resources and Mvela Holdings assumed certain obligations. The initial sponsor  support agreement was amended by an addendum dated 12 March 2004; and 3.3 the  parties in annexure A hereto, Gold Fields and Mvela Holdings (“parties”)  entered into a transaction participant agreement (“transaction participant  agreement”) in respect of the Gold Fields transaction or became a party to  the transaction participant agreement by accession. 4. In 2004, Mvela  Holdings and Mvelaphanda Group Limited (then Rebserve Limited) (“Mvela  Group”) entered into an agreement (“MR disposal agreement”) in terms of which  Mvela Holdings sold, inter alia, its shareholding in Mvela Resources to Mvela  Group in consideration for the issue to Mvela Holdings of shares comprising a  majority of the issued share capital of Mvela Group. Accordingly, on  implementation of the MR disposal agreement, Mvela Holdings held more than  50% of the issued share capital of Mvela Group, which in turn held 22,9% of  the issued share capital of Mvela Resources. 5. Following on, and by reason  of, the MR disposal agreement, the initial sponsor support agreement (as  amended by the addendum referred to in the last sentence of 3.2), the initial  Mezz SPV loan agreement and the initial covenants agreement were amended by  an addendum dated in or about 2005. 6. Mvela Holdings – 6.1 currently holds  approximately 6% of the issued share capital of Mvela Resources (“Khumama MR  acquisition shares”) (acquired pursuant to an agreement dated 17 January  2006) (as amended from time to time) (“Khumama MR share acquisition  agreement”); 6.2 has now entered into an agreement (as amended from time to  time) (“MR share acquisition agreement”) with Mvela Group to re-acquire the  latter’s 22,9% shareholding in Mvela Resources (“MR acquisition shares”), so  as to further advance Mvela Resources’ empowerment credentials; and |

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| 6.3 will become  the largest shareholder of Mvela Resources, holding approximately 28,9% of  its issued share capital, on implementation of the MR share acquisition  agreement. 7. Pursuant to implementation of the MR share acquisition  agreement, the status quo (regarding shareholding in Mvela Resources as at  the date of the Gold Fields transaction) will effectively be restored as  Mvela Holdings will once again have a direct interest in the issued share  capital of Mvela Resources. 8. The MR share acquisition agreement is subject  to certain amendments being effected to the initial sponsor support  agreement. Effectively, these amendments will substantially revert the HDSA contents  of the Gold Fields transaction agreements to the status quo when originally  concluded. 9. The parties wish - 9.1 to amend the initial sponsor support  agreement, the initial Mezz SPV loan agreement and the initial covenants  agreement on the terms and conditions set out in this letter; and 9.2 for  ease of reference, to consolidate the contents of the addenda referred to in  the last sentence of 3.2 and 5 (“addenda”) into one document, such that this  letter shall constitute the sole amendment to the initial covenants  agreement, the initial Mezz SPV loan agreement and the initial sponsor  support agreement. 10. Clause headings in this letter are used for  convenience only and shall be ignored in its interpretation. 11. Suspensive  Conditions 11.1 The whole of this letter (other than the provisions of this  11, 17, and 19, which shall become effective on signature of this letter) is  subject to the fulfilment of the suspensive conditions (“Suspensive  Conditions”) that - 11.1.1 all suspensive conditions to which the MR share  acquisition agreement is subject (save for any which relate to this letter)  are fulfilled (or waived, as the case may be); and |

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| 11.1.2 none of  the resolutive conditions to which the MR share acquisition agreement is  subject are fulfilled; and 11.1.3 within forty days of the date on which the  last-failing of the resolutive conditions (to the MR share acquisition  agreement) fail (i.e., the date on which the MR share acquisition agreement  becomes unconditional), Mvela Holdings provides evidence satisfactory to Gold  Fields, acting reasonably, that the MR acquisition shares and the Khumama MR  acquisition shares have been transferred into the name of Mvela Holdings or  its CSDP, broker or other nominee. 11.2 Mvela Resources undertakes to use its  reasonable commercial endeavours to procure the fulfilment of the Suspensive  Conditions. 11.3 Gold Fields shall have the right to unilaterally waive the  Suspensive Condition referred to in clause 11.1.3 whereupon each of Gold  Fields, Mvela Holdings, Mvela Resources, Mvela Gold and GFI-SA will (as  against each other) be bound by this letter from the date of fulfilment of  the remainder of the Suspensive Conditions, and will (as against each other)  remain bound thereby. If Gold Fields waive this Suspensive Condition, Mvela  Holdings shall, within ten days of the later to occur of the waiver and the  MR share acquisition agreement becoming unconditional, provide evidence  satisfactory to Gold Fields, acting reasonably, that the MR acquisition  shares and the Khumama MR acquisition shares have been transferred into the  name of Mvela Holdings or its CSDP, broker or other nominee. 11.4 If any of  the Suspensive Condition is/are not timeously fulfilled – 11.4.1 this letter  (other than the clauses referred to in clause 11.1 which shall continue to be  of force and effect) shall be of no force and effect; 11.4.2 the parties  shall be restored in relation to the subject matter of this letter as near as  may be possible to the positions in which they were immediately prior to  signature of this letter; and |

 
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| 11.4.3 no party  shall have any claim against any other as a result of such non-fulfilment  save in circumstances where a party has deliberately frustrated the  fulfilment thereof. 11.5 Each of Mvela Holdings, Mvela Resources, Mvela Gold,  FirstRand Bank Limited, Tokyo Sexwale, Mark Willcox, Gold Fields, GFI-SA,  Gold Fields Holding Company (BVI) Limited and Gold Fields Australia  (Proprietary) Limited shall, on fulfilment (or waiver as the case maybe) of  the Suspensive Conditions and signature of this letter by them, be bound by  this letter (as against each other) and shall (as against each other) remain  bound thereby, even if this letter is not signed by any of the other parties  listed in annexure A hereto. Mvela Holdings shall procure the signature of  all the parties listed in Annexure A within 180 days of the date of this  letter. Mvela Holdings, Tokyo Sexwale and Mark Willcox jointly and severally  hereby indemnify and hold Gold Fields and GFI-SA harmless from and against  any and all losses, claims, costs, damages (including any actions in respect  thereof), actions, demands, liabilities and expenses whatsoever, joint or  several, which may be instituted, made or alleged against or which are  suffered or incurred by Gold Fields or GFI-SA, as the case may be, as a  result of any party listed in Annexure A not signing this letter. 12.  Supercession The addenda referred to in the last sentence of 3.2 and 5 are  terminated, and are superseded by this letter, in their entirety, with effect  from the date on which all the Suspensive Conditions are fulfilled (“closing  date”). No party shall have any claim against any other under the addenda  referred to in the last sentence of 3.2 and 5 or by reason of their  supercession and termination under this letter. 13. Amendments to the Initial  Sponsor Support Agreement  With effect  from the closing date, clause 10 of the intial sponsor support agreement is  replaced in its entirety with the following – 10. Retention 10.1 MHL hereby  undertakes in favour of Mezz SPV and GFL that for as long as (a) any payment  obligations of Mvela Gold remain outstanding under the Mezz SPV Loan  Agreement or (b) any obligations of Mvela |

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| Gold remain  outstanding under the Subscription and Share Exchange Agreement, MHL shall –  10.1.1 be an HDSA company; 10.1.2 retain beneficial ownership of no less than  26%(twenty six percent) of the issued Equity Share Capital of the Sponsor;  10.1.3 together with HDSAs have board control of the Sponsor (for the purpose  of this clause 10.1.3 “board control” means having such number of nominee  directors of the Sponsor as, when aggregated with the other directors of the  Sponsor who are HDSAs, constitutes a majority of the directors thereof);  10.1.4 retain management control of the Sponsor in terms of a written  management agreement (for the purposes of this clause 10.1.4 “management  control” means control, subject to the overriding control and authority of  its board of directors, of the day to day management and operations of the  Sponsor in the ordinary course). Each of Tokyo Sexwale and Mark Willcox,  irrevocably and unconditionally jointly and severally guarantees to Mezz SPV  and GFL punctual performance by MHL of all its obligations under this clause  10.1. 10.2 For purposes of clause 10.1 - 10.2.1 an “HDSA company” is a  company which is owned or controlled (whether directly or indirectly) by  HDSAs and any other company which is an “HDSA company” as contemplated from  time to time in the Mining Charter. Without limiting the aforegoing, a  company is owned by HDSAs if– |

 
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| 10.2.1.1 HDSAs  beneficially own at least 50,1% of the equity share capital of that company;  or 10.2.1.2 one or more trusts, the majority of whose beneficiaries are  HDSAs, beneficially own at least 50,1% of the equity share capital of that  company; and 10.2.3 “beneficially own” equity share capital means entitled to  participate in the distribution of profits, reserves, capital, share premium  or any other dividend or distribution arising in respect of that equity share  capital. 10.3 MHL shall, within 120 (one hundred and twenty) days after the  end of each of its financial years, provide Mezz SPV with a certificate  signed by its chief financial officer certifying that it is not in breach of  the provisions of clause 10.1.”. 14. Amendments to the Initial Mezz SPV Loan  Agreement With effect from the closing date, the initial Mezz SPV loan  agreement is hereby amended by the - 14.1 deletion of the words “as contemplated  in the Mining Charter” after the words “HDSA Company” in the definition of  “HDSA” in clause 2; 14.2 addition of the following definitions in clause 2 –  14.2.1 ““HDSA Company” means a company which is owned or controlled (whether  directly or indirectly) by HDSAs and any other company which is an “HDSA  company” as contemplated from time to time in the Mining Charter. Without  liming the aforegoing, a company is owned by HDSAs, if – 14.2.1.1 HDSAs  beneficially own at least 50,1% of the issued equity share capital of that  company; or |

 
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| 14.2.1.2 one or  more trusts, the majority of whose beneficiaries are HDSAs, beneficially own  at least 50,1% of the issued share capital of that company;” 14.2.2  “beneficially own” equity share capital means entitled to participate in the  distribution of profits, reserves, capital, share premium or any other  dividend or distribution arising in respect of that equity share capital;”;  14.3 deletion of the words “retain a holding of” in the first line of the  definition of “BEE Company” in clause 2 and their replacement with the words  “beneficially own”; 14.4 addition of the words “when aggregated with the  other directors of Mvela Resources who are HDSAs” before the words  “constitutes a majority” in the definition of “BEE Company” in clause 2. 15.  Amendment to the Initial Covenants Agreement With effect from the closing  date, the initial covenants agreement is hereby amended by the - 15.1  addition of a new clause 1.2.5(A) as follows - 1.2.5(A) “beneficially own”  equity share capital means entitled to participate in the distribution of  profits, reserves, capital, share premium or any other dividend or  distribution arising in respect of that share;” 15.2 deletion of clause  1.2.35 in its entirety and its replacement with the following new clause  1.2.35 - “1.2.35 “HDSA company” – a company which is owned or controlled  (whether directly or indirectly) by HDSAs and any other company which is an  “HDSA company” as contemplated from time to time in the Mining Charter.  Without limiting the aforegoing, a company is owned by HDSAs if – |

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| 1.2.35.1 HDSAs  beneficially own at least 50,1% of the issued equity share capital of that  company; or 1.2.35.2 one or more trusts, the majority of whose beneficiaries  are HDSAs beneficially own at least 50,1% of the issued equity share capital  of that company;”; 15.3 substitution of the words “beneficially owned” for  the word “held” in clause 7.1.1; 15.4 addition of the words “when aggregated  with the other directors of Mvela Resources who are HDSAs” before the words  “constitutes a majority” in clause 7.1.2.1; 15.5 addition of a new clause 7.4  as follows: “7.4 If at any time prior to the later to occur of the events  referred to in (a) and (b) of clause 10.1 of the initial sponsor support  agreement, the Mining Charter or any other legislation imposes more stringent  HDSA ownership requirements (than that achieved applying the criteria in  clause 7.1 of the initial covenants agreement (as amended) and clause 10.1 of  the initial sponsor support agreement (as amended)) for a mining company to  convert its old order mining rights to new order mining rights under the  Mineral and Petroleum Resources Development Act No 28 of 2002 and thereafter  retain such new order mining rights, then Gold Fields and Mvela Resources shall  meet and negotiate in good faith in an attempt to agree on how they can, and  thereafter jointly use their reasonable commercial endeavours to, achieve  compliance with such requirements.” |

 
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| 16. Empowerment  interest 16.1 Mvela Holdings warrants that it has not and undertakes that it  will not – 16.1.1 pledge(d), encumber(ed) or otherwise grant(ed) any form of  security rights over the “empowerment interest” (as defined in the initial  covenants agreement) to or in favour of any third party in respect of its  acquisition of Mvela Resources shares under the MR share acquisition  agreement and/or the Khumama MR acquisition agreement; and 16.1.2 do (done)  anything that would prejudice the empowerment status of Mvela Holdings and/or  Mvela Resources in any way resulting in Mvela Holdings and/or Mvela  Resources, as the case may be, no longer being a HDSA company (as defined in  the initial covenants agreement as amended under 15) and/or GFIMSA not being  able to convert its old order mining rights to new order mining rights under  the Mineral and Petroleum Resources Development Act No 28 of 2002 and  thereafter retain such new order mining rights. 16.2 Gold Fields confirms its  awareness that Mvela Holdings has and will be pledging, encumbering or  otherwise granting security rights over the MR acquisition shares and the  Khumama MR acquisition shares to the funders of its acquisition of the MR  acquisition shares and the Khumama MR acquisition shares (“the MR share  security”). Mvela Holdings undertakes that – 16.2.1 if such funders become  entitled at any time prior to the “repayment date” (as defined in the initial  covenants agreement (as amended under 15)) to exercise their rights under the  MR share security such that they can transfer (from Mvela Holdings) to any  third party such number of the MR acquisition shares and the Khumama MR  acquisition shares as will result in a contravention of the warranty in  clause 10.1.2 of the initial sponsor support agreement (as amended under 13),  Mvela Holdings shall, before the funders so transfer such MR shares, procure  that other security satisfactory to the funders is furnished to the funders  in consideration for the funders agreeing not to so exercise such security; |

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| 16.2.2 if Mvela  Holdings fail to procure that other satisfactory security is furnished to the  funders in consideration for the funders agreeing not to so exercise their  rights under the MR share security, Mvela Holdings shall forthwith furnish  Gold Fields with a written notice of such failure (“Notice”); 16.2.3 with effect  from the date of the Notice or such earlier date upon which Gold Fields  become aware of such failure, Mvela Holdings shall grant to Gold Fields  and/or GFI-SA the right to exercise and enjoy the rights, benefits, powers  and discretions expressed to be assumed by or granted to Mvela Holdings under  the financing arrangements, for the purpose of negotiating a resolution  satisfactory to the funders, which may include the provision of Gold Fields  security to the funders, in consideration for the funders agreeing not to so  exercise their rights under the MR share security; 16.2.4 Mvela Holdings  shall indemnify and hold Gold Fields and GFI-SA harmless from and against any  and all losses, claims, costs, damages (including any actions in respect  thereof), actions, demands, liabilities and expenses whatsoever, joint or  several, which may be instituted, made or alleged against or which are  suffered or incurred by Gold Fields or GFI-SA, as the case may be, under  16.2.3 above. 16.2.5 the financing arrangements for the funding of the  acquisition of the MR acquisition shares shall not prejudice the empowerment  status of Mvela Holdings and/or Mvela Resources in any way resulting in Mvela  Holdings no longer being a HDSA company (as defined in the initial covenants  agreement as amended by this letter) and/or GFI-SA not being able to convert  its old order mining rights to new order mining rights under the Mineral and  Petroleum Resources Development Act No 28 of 2002 and thereafter retain such  new order mining rights. 16.3 Each of Tokyo Sexwale and Mark Willcox,  irrevocably and unconditionally jointly and severally guarantees to Gold  Fields punctual performance by Mvela Holdings of all its obligations under  this 16 of this letter. 16.4 The provision of this 16 of this letter shall  not limit or excuse compliance with |

 
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| any obligations  of Mvela Holdings or Mvela Resources under the Gold Fields transaction  documents. 17. Public Announcements Without limitation to any other  confidentiality or like obligation in the Transaction Documents (which apply  equally to the contents of this letter), Gold Fields must approve in writing  (such approval not to be unreasonably withheld and such decision to be  furnished within twenty-four hours of receipt of same) the wording/terms of  any public announcement or communication pertaining, or referring in any way,  to the content of this letter and/or Gold Fields’ consideration of or consent  to the content of this letter. 18. Consents 18.1 Each party referred to in  annexure A hereto agrees to the provisions of this letter by its signature in  annexure A hereto. 18.2 Gold Fields and each of the parties listed in  annexure A hereto acknowledges that by reason of the Suspensive Condition in  clause 11.1.3, the MR acquisition shares will be sold and transferred into  the name of Mvela Holdings or its CSDP, broker or other nominee before the  closing date. Gold Fields and each of parties listed in annexure A hereto  hereby ratifies and approves such sale and transfer, and waives all and any  right it may have, whether under any agreement or otherwise in law, arising  out of the fact that such sale and transfer occurs prior to the closing date.  19. General 19.1 Save for the amendments in 13, 14, 15 and 16, the provisions  of the initial covenants agreement, of the initial Mezz SPV loan agreement  and of the initial sponsor agreement shall remain unaltered and of full force  and effect. 19.2 No addition to, variation or agreed cancellation of, or  cession, assignment and/or delegation of rights and/or obligations under, this  letter shall be of any force or effect unless reduced to writing and signed  by or on behalf of the parties. |

 
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| 19.3 If there  is any conflict between any of the provisions of this letter (on the one  hand) and those of the initial covenants agreement, of the initial Mezz SPV  loan agreement and/or the initial sponsor agreement (on the other hand), the  provisions of this letter shall prevail. 19.4 The signature by any party of a  counterpart of this letter (including annexure A) shall be as effective as if  that party had signed the same document as all of the other parties. Yours  sincerely /s/ Mark Willcox Mark Willcox Chief Executive Officer   We, Gold Fields Limited, agree to the provisions of this letter  /s/ [ILLEGIBLE] who warrants that he is  duly authorised hereto  17 July 2006 |

 

 
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| ANNEXURE A Mvelaphanda Resources Limited /s/ [ILLEGIBLE] who warrants that  he is duly authorised hereto [17] July 2006 Mvelaphanda Gold (Proprietary)  Limited /s/ [ILLEGIBLE] who warrants that he is duly authorised hereto [17] July  2006 GFI Mining South Africa (Proprietary) Limited  /s/ [ILLEGIBLE] who warrants that he is  duly authorised hereto [    ] July 2006  Gold Fields Holding Company (BVI) Limited, formerly known as Gold Fields  Guernsey Limited /s/ [ILLEGIBLE] who warrants that he is duly authorised  hereto [    ] July 2006 Gold Fields  Australia Proprietary Limited /s/ [ILLEGIBLE] who warrants that he is duly  authorised hereto [    ] July 2006 |

 

 
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| GFL Mining  Services Limited /s/ [ILLEGIBLE] who warrants that he is duly authorised  hereto [    ] July 2006   Micawber 325 (Proprietary) Limited who  warrants that he is duly authorised hereto [    ] July 2006   Public Investment Commissioners who  warrants that he is duly authorised hereto [    ] July 2006   International Finance Corporation who  warrants that he is duly authorised hereto [    ] July 2006   Industrial Development Corporation of  South Africa Limited who warrants that he is duly authorised hereto [    ] July 2006 |

 

 
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| JP Morgan  Securities South Africa (Proprietary) Limited who warrants that he is duly  authorised hereto  [    ] July 2006   Indwa Investments Limited who warrants  that he is duly authorised hereto [     ] July 2006   Barclays Bank plc  South African Branch who warrants that he is duly authorised hereto [    ] July 2006   FirstRand Bank Limited (acting through its  Rand Merchant Bank and FNB Corporate Divisions) /s/ [ILLEGIBLE] who warrants  that he is duly authorised hereto [17] July 2006 |

 

 
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| The Trustees  for the time being of the West Street 7 Trust who warrants that he is duly  authorised hereto [    ] July 2006   Bergg Credit (Pty) Ltd who warrants that  he is duly authorised hereto [    ]  July 2006   Calyon Corporate and  Investment Bank, South Africa Branch who warrants that he is duly authorised  hereto [    ] July 2006   Commerzbank AG, Johannesburg Branch who  warrants that he is duly authorised hereto [    ] July 2006 |

 

 
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| Tokyo Sexwale  /s/ Tokyo Sexwale [    ] JuIy 2006 Mark  Willcox /s/ Mark Willcox [17] July 2006 |