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Last $2.42 USD
Change Today -0.02 / -0.82%
Volume 1.7M
GFI On Other Exchanges
New York
SIX Swiss Ex
As of 5:15 PM 11/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

150 Helen Road


Sandton, 2196

South Africa

Phone: 27 11 562 9700

Fax: 27 11 562 9838

Gold Fields Limited engages in exploration, extraction, processing, and smelting of gold. The company holds gold reserves in South Africa, Ghana, Australia, and Peru. In Peru, the company produces copper. The company also has an interest in a platinum group metal (and associated by-product metals) exploration project in Finland. Its South African operation is South Deep. As of December 31, 2014, the company reported attributable proven and probable gold and copper reserves of approximately 48.1 million ounces of gold and 620 million pounds of copper. In fiscal 2014, the company processed 33.513 million tonnes of ore and produced 2.294 million ounces of gold equivalent ounces. South African Operations The company’s South African operations consist of the South Deep mine. South Deep Mine South Deep Mine: South Deep is situated 45 kilometers south-west of Johannesburg, in the Gauteng Province of South Africa. South Deep engages in underground mining and comprises one metallurgical plant and two operating shaft systems, the older South Shaft complex and the newer Twin Shaft complex. The South Shaft complex includes a main shaft and three sub-vertical shafts, two of which are operational. 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 drawing used air and hoisting rock. The South Shaft complex operates to a depth of 2,650 meters below surface and the Twin Shaft complex operates to a depth of 2,995 meters below surface. West Africa Operations The West Africa operations consist of the Tarkwa and Damang gold mines in Ghana. Tarkwa Mine: The Tarkwa mine is located in southwestern Ghana. The Tarkwa mine consists of several open pit operations on the original Tarkwa property and the adjacent southern portion of the property. Gold Fields added a semi-autogenous grinding (SAG) mill, two ball mills and a carbon in leach (CIL) plant and a High Pressure Grinding Roll Facility. The Tarkwa mine operates under mining leases with a total area of approximately 20,800 hectares, the entirety of which are surface operations. The company has a 90.0% interest in each of the Tarkwa gold mine. Damang Mine: The Damang deposits are located in the Wassa West District in southwestern Ghana. The mine exploits hydrothermal in addition to Witwatersrand-style palaeoplacer gold. The Damang mine consists of an open pit operation with a SAG and ball mill and CIL processing plant. Damang operates under a mining lease with a total area of approximately 8,100 hectares. Arctic Platinum Project: Arctic Platinum Project is located approximately 60 kilometers south of the city of Rovaniemi in northern Finland. The principal prospects under consideration occur within the Suhanko Project area, comprising of the Konttijarvi, Ahmavaara, and Suhanko North deposits. Australasia Operations Gold Fields’ Australian operations consist of four gold mines: St. Ives, Agnew/Lawlers, Granny Smith and Darlot. St. Ives: St. Ives is located 80 kilometers south of Kalgoorlie and 20 kilometers south of Kambalda, straddling Lake Lefroy in Western Australia. It holds exploration licenses, prospecting licenses and mining leases covering a total area of approximately 112,800 hectares. St. Ives is both a surface and underground operation, with a number of open pits, three operating underground mines and a metallurgical carbon in pulp plant. The St. Ives operation obtains electricity pursuant to a contract with BHP Nickel West that expires in January 2023. Agnew/Lawlers: Agnew/Lawlers is located 23 kilometers west of Leinster. Together, Agnew and Lawlers hold exploration licenses, prospecting licenses and mining leases covering a total area of approximately 69,300 hectares. During 2014, ore was mined from the Waroonga and New Holland underground mines. Granny Smith: 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. Granny Smith holds exploration licenses, prospecting licenses and mining leases covering a total area of approximately 64,300 hectares. Darlot: Darlot is located in the Eastern Yilgarn Craton. It holds exploration licenses, prospecting licenses and mining leases covering a total area of approximately 11,400 hectares. Darlot is an underground operation. The Darlot operation obtains electricity pursuant to a contract with an electricity generating contractor that expires in March 2015. Americas Operations Cerro Corona: Cerro Corona is located approximately 80 kilometers. La Cima holds mining concessions covering a total area of approximately 4,400 hectares and Cerro Corona is being developed over an area of approximately 1,244 hectares of superficial land (the rights to which are held by Gold Fields). The company owns a 99.53% economic interest in the Cerro Corona mine. Salares Norte and Piedra: In Chile, the company exercised an option, as part of an agreement, to acquire 100% of two properties, Salares Norte and Piedra, from SBX Asesorias e Inversiones, a private Chilean company, and the concessions are registered under the name Minera Gold Fields Salares Norte Limitada, a wholly owned subsidiary of the company. The company also has an option to acquire 100% of the nearby Pircas gold property held by S.C.M. Aguas Heladas, a private Chilean company. Dispositions In 2014, the company completed the sale of the Talas Copper-Gold Project. In 2014, the company sold its 85% interest in the Yanfolila project. In 2014, the company disposed of its 51% stake in the Chucapaca exploration project in southern Peru. Environmental and Regulatory Matters The company undertakes activities, which are regulated by the National Nuclear Regulator Act 47 of 1999. At the state level, the company is subject to the Environmental Protection Act 1986, under which it is obliged to prevent and abate pollution and environmental harm. History Gold Fields Limited was founded in 1968.


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