Gold Fields CEO says global gold supply to tighten

CAJAMARCA, Peru, Oct 3 (Reuters) - Global gold supply will likely contract as the financial crisis in the United States saps funds away from planned mining projects, Nick Holland, the chief executive of Gold Fields (GFIJ.J) said on Friday.

"Some of the juniors and intermediate companies are not going to be able to develop their projects. And I think what this means is that mine supply in gold is probably going to decline more than what people realize," Holland told Reuters.

The lead of the world's fourth-largest gold producer, based in South Africa, was in Peru to inaugurate the company's Cerro Corona mine.

He said miners will need to look for funding in less-conventional emerging markets, such as Peru, as traditional markets dry up.

Gold Fields is the world's fourth largest gold producer. (Reporting by Dana Ford)