G G G G Going For Growth Going For Growth Tarkwa Tarkwa Gold Mine Gold Mine
Ian Cockerill Chief Executive Officer Chief Executive Officer Gold Fields Limited
C T Cape Town February 2008
G G Going For Growth Going For Growth G G Tarkwa Tarkwa Gold - - PowerPoint PPT Presentation
G G Going For Growth Going For Growth G G Tarkwa Tarkwa Gold Mine Gold Mine Ian Cockerill Chief Executive Officer Chief Executive Officer Gold Fields Limited C Cape Town T February 2008 Forward Looking and Cautionary Statements
Ian Cockerill Chief Executive Officer Chief Executive Officer Gold Fields Limited
C T Cape Town February 2008
Forward Looking and Cautionary Statements
This document and any materials distributed in connection with this document are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This document and any materials distributed in connection with this document are not directed to, or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. p y y g This presentation does not constitute or form part of an offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any securities referred to herein. The capital raising and other information in connection with the capital raising in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may tit t i l ti f th iti l f h j i di ti p y y g This presentation does not constitute or form part of an offer to sell or issue, or any solicitation of an offer to buy or subscribe for, any securities referred to herein. The capital raising and other information in connection with the capital raising in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may tit t i l ti f th iti l f h j i di ti constitute a violation of the securities laws of any such jurisdiction. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in the United States (as such term is defined in Regulation S under the Securities Act) unless they are registered under the Securities Act or pursuant to an exemption from registration. No public
constitute a violation of the securities laws of any such jurisdiction. The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933 (the "Securities Act"), and may not be offered or sold in the United States (as such term is defined in Regulation S under the Securities Act) unless they are registered under the Securities Act or pursuant to an exemption from registration. No public
This document is not an offer of securities for sale in any jurisdiction. Certain statements in this presentation constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause
This document is not an offer of securities for sale in any jurisdiction. Certain statements in this presentation constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause g p the actual results, performance or achievements of the company to be materially different from the future results, performance
factors include among others: overall economic and business conditions in South Africa, Ghana, Australia, Venezuela and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions; the success of exploration and development activities; decreases in the market price of gold; the occurrence of hazards g p the actual results, performance or achievements of the company to be materially different from the future results, performance
factors include among others: overall economic and business conditions in South Africa, Ghana, Australia, Venezuela and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions; the success of exploration and development activities; decreases in the market price of gold; the occurrence of hazards the success of exploration and development activities; decreases in the market price of gold; the occurrence of hazards associated with underground and surface gold mining; the occurrence of labor disruptions; availability, terms and deployment
affecting mining and mineral rights; fluctuations in exchange rates, currency devaluations and other macroeconomic monetary policies; and political instability in South Africa, Ghana, regionally in Africa or in Venezuela. These forward looking statements the success of exploration and development activities; decreases in the market price of gold; the occurrence of hazards associated with underground and surface gold mining; the occurrence of labor disruptions; availability, terms and deployment
affecting mining and mineral rights; fluctuations in exchange rates, currency devaluations and other macroeconomic monetary policies; and political instability in South Africa, Ghana, regionally in Africa or in Venezuela. These forward looking statements
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p ; p y , , g y g speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. p ; p y , , g y g speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events.
4th Largest Gold Producer 4th Largest Gold Producer 4 Largest Gold Producer 4 Largest Gold Producer Unhedged Unhedged Unhedged Unhedged 8 Mines, 1 Developing Project, 4 Operating Regions 8 Mines, 1 Developing Project, 4 Operating Regions Long Life Reserves Long Life Reserves Strong Growth Portfolio Strong Growth Portfolio
3
Production: 4 moz Mines: 8 Reserves: 94moz Resources: 246moz
Peru Peru Cerro Corona Ghana Tarkwa South Africa
Developing Mines
Damang Driefontein Kloof Beatrix South Deep Australia St Ives Agnew
Operating Mines
4
Exploration Offices
Number of Mines Number of Mines Reserves (mmoz) Reserves (mmoz) Reserve Life (years) Reserve Life (years)
N t Barrick Newcrest Gold Fields Gold Fields Newmont Harmony Newcrest Harmony AngloGold Newmont Goldcorp Newcrest Goldcorp AngloGold Barrick Source: Company data Note: Reserve life calculated as Reserves divided by 2006E production Gold Fields = 9 Operating Mines, 1 Developing Project
50 100 150
5 10 15 20 25
g
5
p g , p g j
EMED CMQ DR JV Sankarani Lero Option EMED Sino Alliance Kisenge Nabire Bakti CC District Conquest JV NSW Gen Delamarian SBX JV Conquest JV Victoria
6
Operational ll
Margin growth and returns to
excellence
and returns to shareholders
Balanced, diversified
portfolio
Securing the Future
Maintain the Gold Fields
the Future
Franchise
7
few, large, high quality, long life Assets
political, currency, technical, geographic Organic grow th Acquisitions Exploration
8
Ghana Tarkwa Gold Mine CIL Peru Cerro Corona Project Tarkwa Gold Mine CIL South Africa South Deep Project
9
GHANA DAMANG
TARKWA
Pads ADR Plant N th P i
Tarkwaian Banket Outcrop Tarkwa
Crusher Tarkwa Pits •
p 10 Km
Pads
Mining Areas
11
12
13
p p
14
p p
Relocation Relocation
15
16
17
18
19
20
900 600 700 800
400 500 600
200 300
100 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20
994 995 996 997 998 999 000 001 002 003 004 005 006 007 008 009 010
Gold Produced (000 oz) Working Cost ($ / oz)
21
900 600 700 800
400 500 600
200 300
100 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20
994 995 996 997 998 999 000 001 002 003 004 005 006 007 008 009 010
Gold Produced (000 oz) Working Cost ($ / oz)
22
Phase I Phase II Phase III
23
North Heap Leach Pads
900 600 700 800
400 500 600
200 300
100 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20
994 995 996 997 998 999 000 001 002 003 004 005 006 007 008 009 010
Gold Produced (000 oz) Working Cost ($ / oz)
24
South gold plant South pads (Teberebie) - 2003
25
Phase I Phase II
Phase III
26
Phase I Phase II
Phase III
27
Phase I Phase II
Owner Mining & CIL 15mtpa HL& 4 2mtpa CIL
Phase III
15mtpa HL& 4.2mtpa CIL 60-80mtpa total mining
28
Phase I Phase II Phase III
PICTURE OF OLD PLANT
29
Phase I Phase II
US$160 million
Phase III
30
~750 kozpa p
31
32
August 2007
Construction progressing well despite high rainfall
January 2008 January 2008
33
34
35