Gold Fields Limited (JSE:GFI)
1. About
Gold Fields Limited (JSE:GFI) is a globally diversified gold producer with nine operating mines in Australia, Peru, South Africa and West Africa (including the Asanko JV), as well as one project in Chile. Gold Field's operations are organised into mining regions and the Netherlands Group:
Americas region
Gold Fields’ presence in the Americas region consists of the Cerro Corona mine in Peru and the Salares Norte project in Chile
Australia region
Gold Fields’ mining assets in the Australia region (GFA) include a 100% interest in the St Ives, Agnew and Granny Smith mines and a 50:50 interest in the Gruyere JV project with Gold Road Resources located in the Yilgarn area of Western Australia.
South Africa region
A material restructuring at South Deep was announced in August 2018, aimed at reducing the workforce and mobile equipment levels in alignment with consolidating mining activity to increase focus and to recalibrate the cost base with anticipated levels of production.
West Africa region
Tarkwa has now fully transitioned to contractor mining and is well positioned to deliver sustained value, while the best long-term option for Damang to create future cash-flow is being realised through the implementation of the Damang Reinvestment project.
Netherlands Group
The Netherlands Group of companies serves a vital role in Gold Fields’ corporate development and exploration strategy by providing financing and strategic support to various ventures undertaken. The Netherlands Group also acts as a holding company for many of the exploration ventures in the Gold Fields Group.