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whiteovalshape, logoandtextholding devices areall
Should youneedtodelete
pictureand“sendtoback”
ENERGISINGTHEMINEOFTHEFUTURE
TSAKANIMTHOMBENI10December2018
Energy&MinesCongress,Toronto
2
ForwardLookingstatementsTermsofuse
Certain statements in this document constitute “forward looking statements” within themeaning of Section 27Aof the US Securities Act of 1933 andSection 21Eof theUS Securities ExchangeAct of 1934.
In particular, the forward looking statements in this document includeamong others those relating to theDamang Exploration Target Statement; theFar Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations;exploration and production costs; levels of expected production; Gold Fields’ growth pipeline; levels and expected benefits of current and plannedcapital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. Suchforward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results,performanceor achievements of the company to be materially different from the future results, performanceor achievements expressed or impliedby such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and politicalconditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connectionwith past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associatedwith underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in governmentregulations, particularly taxation and environmental regulations; and new legislation affectingmining and mineral rights; changes in exchange rates;currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economicfactors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and otheroccupational health risks experienced by Gold Fields’ employees.
These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to updatepublicly or release anyrevisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence ofunanticipated events.
Energisingthemineofthefuture|TsakaniMthombeni|December2018
3
AmericasregionMine:CerroCorona(Peru)Project:Salares Norte307koz10%ofGFLtotalenergy
GlobalFootprint
SouthAfricaregionMine:SouthDeep281koz18%ofGFLtotalenergy
WestAfricaregionMines:Tarkwa andDamangJVproject:Asanko GoldMine810koz46%ofGFLtotalenergy
GoldFieldsGroupEnergyusage 12178TJEnergyspend US$258m(17%ofOPEX)
US$115/ounceCarbonemissions 0.66tCO₂-e/oz
AustraliaregionMines:StIves,GrannySmithandAgnewJVProject:Gruyere935koz26%ofGFLtotalenergy
Energisingthemineofthefuture|TsakaniMthombeni|December2018
4
Macrotrendsdrivingthedisruption
Energisingthemineofthefuture|TsakaniMthombeni|December2018
Energysecurity:notbusinessasusual
Turningenergyin
miningrisksinto
opportunities
Technologytrends(supplyanddemandside): renewables,
automation,bigdata,AI,storage,IoT
Newbusinessmodelsandminingmethods: design4repurposenot
closure,selectivemining,dryprocesses
Environmentandsociety: emergingregulationstodrivedecarbonization,
zerowaste, hostcommunitiesandjobs,GHGreductions,the
food/energy/waternexus
5
EnergysecurityforminersTheenergysecuritydebate
Energisingthemineofthefuture|TsakaniMthombeni|December2018
Energyspend~17%ofOPEX(13%AISC)atGoldFields
Globaloilpricevolatility
Risingenergydemandinmining(deeper,longer,harder,further,etc)
Transitionfromgastorenewables– reapdualbenefits
Availability Reliability Affordability Low-carbontype
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HowtheindustryandGoldFieldsarerespondingIncreasingleverageoffinnovationandtechnology
Energisingthemineofthefuture|TsakaniMthombeni|December2018
Increasingindustrycollaborations
Partnerships(OEM,IPPs,NGOs,IndustryAssociations,etc)
Creatingdigitallyenabledmines
• InvolvedinanumberofOEMpartnershipstopilotnewtechnology
• PartnershipswithglobalIPPs
• Adaptingourassetstobedigitallyenabled
AtGoldFields:
7
LatestoncaptivePPAsTheriseandriseofcaptivePPAs
• Drivenbyneedtohedgeagainstgridpricevolatilities,emergingclimaterelatedregulations
• Commercial(retailandtelecoms)sectorleadsthefront
• Miningandmaterialsarefastfollowers
• Keyissueremain:• LoM uncertaintyandthe
PPAbankabletenure• ESIstructure:regulatedvs
unregulatedmarkets
Energisingthemineofthefuture|TsakaniMthombeni|December2018
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Implementinganintegratedenergyandcarbonmanagementstrategy
Energisingthemineofthefuture|TsakaniMthombeni|December2018
WhatGoldFieldshasbeendoing
2020aspirationalgoals:
costssavings,carbonfootprintreductionand
businessintegration
Strengthenenergysecurity
Improveenergycosts
Reducecarbonemissions
(andadapting toClimate-relatedrisks– operationsandhostcommunities)
Integrateenergymanagement into
business(ISO50001ready)
9
GoldFields’electrificationjourneyOurtransitioningstorytowardslowcarbonelectrification
Energisingthemineofthefuture|TsakaniMthombeni|December2018
>200ktCO2e/yearfromhighimpact supplyprojects
~134MWgasinstalled,additional 16MWin
study
>55MWsolarunderstudy
>18MWwind understudy
5MWbatteryunderstudy
Energysecurityassessments
&5-yearregionalplansdeveloped
Gensergasturbinescommissioned at
Tarkwa(22MW)andDamang(25MW)
GSMdiesel togaspowerplant (24
MW)commissioned
South Deep40MWsolarPVFS
128kWsolarrooftop systemscommissioned at
HelenRd
Agnewpoweroptions FS
Tarkwa15MWgasturbineinstalled
Progressingevaluation atSalaresNorte “20%renewableenergy”
GSMsolarpowerPFS
CeroCorona5MWfloating solarPVPFS,negative
ISO50001certified
Agnewpower
station PFS
Gruyeregaspowerstation (48MW),
~200kmgaspipeline
Reviewingrenewablesin Ghana
Agnewhybridpowerstation FS
GSMsolar-batteryFScomplete,positive
South Deep40MWsolarPV:
Regulatorychanges
Agnewpowerstationconstruction
GSMsolar-batteryconstruction
2015 2016 2017 2018 2019
2016E&M
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GoldFieldsI&TstrategyLeverageI&Tforgreaterenergycostssavings
Energisingthemineofthefuture|TsakaniMthombeni|December2018
Horizon3“+5years”
Integratedandadvancedenergydataanalytics
Automatedbatterypoweredequipment
Drycomminutionprocesses
BEVfleetHorizon1“1-3years” Electricity
meteringsystems
Fueladditives
Fuelswitching
Fuelmanagementsystems
Gas,wind andsolarpower
plants
Cleanerfuels
EfficientTechnologies(lights,VSD,motors,vent
fans)
Enginecontrols
VoDConveyors,frommobileequipment
Visualisation
Heatrecovery
Horizon2“3-5years”
DieselHybrids
Dieselalternatives(CNG/LNG)
Fleetbenchmarking
(data)
Remotesmartgrids
Wastesorting
Neutralidletechnologies
In-pit crushing
ElectricLVs
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Howcanweenergisethemineofthefuture
Energisingthemineofthefuture|TsakaniMthombeni|December2018
Electrified:weanedoffdiesel
Gas:akeytransitionfuel
Diversified energymix:wind, gas,solar
Modularandconnected Morestorage
These,coupledwithOEMtechnologychanges,willdisrupthowmines,aredesigned,operatedandclosed
mousedownanddrag
Thankyou