Profile: Gold Fields Ltd (GFI)
14 Jun 2019
Gold Fields Limited (Gold Fields), incorporated on May 3, 1968, is a gold mining company. The Company is a producer of gold and a holder of gold reserves. The Company is involved in underground and surface gold and copper mining and related activities, including exploration, development, extraction, processing and smelting. It has approximately eight producing mines located in South Africa, Ghana, Australia and Peru. Its South African operation is South Deep. Gold Fields also owns the St. Ives mine, the Agnew mine and the Yilgarn South Assets in Australia, and has an interest in each of the Tarkwa gold mine and the Damang gold mine in Ghana. Gold Fields also owns an economic interest in the Cerro Corona mine. In Peru, Gold Fields also produces copper. In addition, Gold Fields has gold and other precious metal exploration activities and interests in Africa, Eurasia, Australasia and the Americas. Gold Fields has attributable proven and probable gold and copper reserves of approximately 46.1 million ounces of gold and over 530 million pounds of copper.
South Deep is situated approximately 45 kilometers south-west of Johannesburg, in the Gauteng Province of South Africa. South Deep is engaged in underground mining, and comprises one metallurgical plant and approximately two operating shaft systems: the older South Shaft complex and the newer Twin Shaft complex. The South Shaft complex includes a main shaft and over three sub-vertical (SV) shafts. The Twin Shaft complex consists of a single-barrel main shaft for hoisting personnel, rock materials and an adjacent bratticed ventilation shaft, used for both extracting used air and hoisting rock. The South Shaft complex operates to a depth of approximately 2,650 meters below surface and the Twin Shaft complex operates to a depth of over 2,990 meters below surface.
The Company's Australia operations consist of four gold mines: St Ives, Agnew/Lawlers, Granny Smith and Darlot. The Company's West Africa operations comprise the Tarkwa and Damang gold mines in Ghana. The Tarkwa mine is located in southwestern Ghana, over 300 kilometers by road, west of Accra. The Tarkwa mine consists of various open pit operations on the original Tarkwa property and the adjacent southern portion of the property. The Tarkwa mine operates under mining leases with a total area of approximately 20,800 hectares. The Damang deposits are located in the Wassa West District in southwestern Ghana approximately 330 kilometers by road west of Accra and approximately 30 kilometers by road northeast of the Tarkwa mine. The Damang mine consists of an open pit operation with a semi-autogenous grinding (SAG) and ball mill, and carbon in leach (CIL) processing plant. Damang operates under a mining lease with a total area of approximately 8,100 hectares.
The Company's Granny Smith is located approximately 400 kilometers northeast of the town of Kalgoorlie in the Laverton Region in the Eastern Yilgarn Crater in Western Australia. Darlot is located in the Eastern Yilgarn Craton, approximately 55 kilometers southeast of Leinster and over 700 kilometers northeast of Perth in Western Australia. The Company holds exploration licenses, prospecting licenses and mining leases covering a total area of approximately 13,100 hectares in Darlot. The Cerro Corona mine is located in the Western Cordillera of the Andes, in northern Peru, close to the headwaters of the Atlantic continental basin. Cerro Corona is located approximately 80 kilometers by road north of the City of Cajamarca. Cerro Corona is being developed over an area of approximately 1,300 hectares of superficial land (the rights to which are held by Gold Fields).
The Company competes with Barrick, Newmont Mining Corporation, AngloGold Ashanti and Goldcorp Inc.
Gold Fields Ltd
150 HELEN ROAD, SANDOWN