G G Going For Growth Going For Growth G G Tarkwa Tarkwa Gold - - PowerPoint PPT Presentation

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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


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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

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SLIDE 2

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

  • ffer of the securities is being made in the United States

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

  • ffer of the securities is being made in the United States
  • ffer of the securities is being made in the United States.

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

  • ffer of the securities is being made in the United States.

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

  • r achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important

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

  • r achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important

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

  • f capital; changes in relevant government regulations, particularly environmental regulations and potential new legislation

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

  • f capital; changes in relevant government regulations, particularly environmental regulations and potential new legislation

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

2

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.

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Gold Fields Limited Gold Fields Limited

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

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A World Class Gold Company A World Class Gold Company

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A World Class Gold Company A World Class Gold Company

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

A Few Large, High Quality, Long Life Assets A Few Large, High Quality, Long Life Assets

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The Gold Fields Franchise The Gold Fields Franchise

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

A Few Large, High Quality, Long Life Assets A Few Large, High Quality, Long Life Assets

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Actively Managed Exploration Actively Managed Exploration

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

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The Rule of Two’s The Rule of Five’s The Rule of Two’s The Rule of Five’s

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A Proven Strategy A Proven Strategy

Operational ll

Margin growth and returns to

excellence

and returns to shareholders

Growing

Balanced, diversified

Gold Fields

portfolio

Securing the Future

Maintain the Gold Fields

the Future

Franchise

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Delivering Results Delivering Results

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Approach to Growth Approach to Growth

M i t i i th G ld Fi ld F hi Maintaining the Gold Fields Franchise

few, large, high quality, long life Assets

B l i th tf li Balancing the portfolio

political, currency, technical, geographic Organic grow th Acquisitions Exploration

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A Niche Philosophy A Niche Philosophy

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Main Growth Projects Main Growth Projects

Ghana Tarkwa Gold Mine CIL Peru Cerro Corona Project Tarkwa Gold Mine CIL South Africa South Deep Project

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Capital Peak in F2008 Capital Peak in F2008

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Tarkwa Tarkwa Gold Mine Gold Mine Tarkwa Tarkwa Gold Mine Gold Mine

The Jewel In The Crown The Jewel In The Crown The Jewel In The Crown The Jewel In The Crown

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Tarkwa Tarkwa Gold Mine: Location Gold Mine: Location

  • Damang Pits

GHANA DAMANG

N

TARKWA

  • North

Pads ADR Plant N th P i

Tarkwaian Banket Outcrop Tarkwa

  • North Primary

Crusher Tarkwa Pits •

p 10 Km

  • South

Pads

  • South Primary Crusher

Mining Areas

11

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1994 1994

Gold Fields Acquires Tarkwa Gold Fields Acquires Tarkwa

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60,000 Ounces 60,000 Ounces

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1994 1994

13

Old Inefficient Underground Mine Old Inefficient Underground Mine

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1994 1994

  • 5,000 illegal miners
  • 20,000 people

p p

  • 14 Villages

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Significant Social Challenges Significant Social Challenges

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1994 1994

  • 5,000 illegal miners
  • 20,000 people

p p

  • 14 Villages

Relocation Relocation

  • New, greatly improved village
  • Last people moved July 2001
  • Last people moved July 2001
  • US$ 22 million in costs

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Significant Social Challenges Significant Social Challenges

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1997 1997

Phase 1 Phase 1 Open Pit / Heap Leach Open Pit / Heap Leach Commissioned Commissioned

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60koz To 185koz 60koz To 185koz

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1997 1997

  • US$148 million

125 000

  • 125,000 oz p.a.
  • 300,000 tonne

300,000 tonne

  • Crushing plant,

gold plant, leach pads p

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Building A World Class Mine Building A World Class Mine

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1998 1998

Underground Mine Stopped

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Production Production Stabilised Stabilised At 200koz At 200koz

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1999 1999

Phase 2 Phase 2 Open Pit /Heap Leach Open Pit /Heap Leach Expansion Expansion

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200koz to 300koz 200koz to 300koz

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1999 1999

Phase 2 20.7 Mtpa mined 7.2 Mtpa processed US $27 million

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200koz to 300koz 200koz to 300koz

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2000 2000

900 600 700 800

Phase 3

400 500 600

Open Pit /Heap

200 300

Leach

100 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20

Expansion

994 995 996 997 998 999 000 001 002 003 004 005 006 007 008 009 010

Gold Produced (000 oz) Working Cost ($ / oz)

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300koz 300koz to 500koz to 500koz

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2000 2000

900 600 700 800

Phase 3

400 500 600

40.0 Mtpa mined

200 300

13.0 Mtpa processed

100 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20

US $18 million

994 995 996 997 998 999 000 001 002 003 004 005 006 007 008 009 010

Gold Produced (000 oz) Working Cost ($ / oz)

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300koz to 500koz 300koz to 500koz

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2000 2000

Phase I Phase II Phase III

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A World Class Operation A World Class Operation

North Heap Leach Pads

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2000 2000

900 600 700 800

Teberebie Acquisition

400 500 600

US$5 million 1 moz Additional Reserves

200 300

1 moz Additional Reserves Additional Leach Pads

100 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20

Processing Facility

994 995 996 997 998 999 000 001 002 003 004 005 006 007 008 009 010

Gold Produced (000 oz) Working Cost ($ / oz)

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Regional Consolidation Regional Consolidation

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2000 2000

South gold plant South pads (Teberebie) - 2003

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Teberebie Teberebie Acquired Acquired

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2002 2002

Phase I Phase II

  • 40mtpa total mining

Phase III

  • 15mtpa Heap Leach

26

Stabilised Stabilised at 550koz at 550koz

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SLIDE 27

2004 2004

O Mi i

Phase I Phase II

Owner Mining &

Phase III

& CIL Plant

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US$ 160 Million US$ 160 Million

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SLIDE 28

2004 2004

Phase I Phase II

Owner Mining & CIL 15mtpa HL& 4 2mtpa CIL

Phase III

15mtpa HL& 4.2mtpa CIL 60-80mtpa total mining

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US$ 160 Million US$ 160 Million

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2004 2004

Phase I Phase II Phase III

PICTURE OF OLD PLANT

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New CIL New CIL Plant & Owner Mining Plant & Owner Mining

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2008 2008

CIL Expansion

  • CIL - 12mtpa
  • Total Processed – 22mtpa
  • US$160 million

Phase I Phase II

US$160 million

Phase III

30

More Gold Earlier More Gold Earlier

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2008 2008

~750 kozpa p

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More Gold Earlier More Gold Earlier

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2008 2008

CIL Expansion

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US$160 Million US$160 Million

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2008 2008

August 2007

Construction progressing well despite high rainfall

January 2008 January 2008

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US$160 Million US$160 Million

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Conclusions Conclusions

Quality Assets Quality Assets Positioned for Higher Gold Price Positioned for Higher Gold Price Outstanding Growth Pipeline Outstanding Growth Pipeline Outstanding Growth Pipeline Outstanding Growth Pipeline T k Th J l I Th C T k Th J l I Th C Tarkwa The Jewel In The Crown Tarkwa The Jewel In The Crown

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A World Class Gold Investment A World Class Gold Investment

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