Gold Fields Limited · JSE:GFI

Gold Fields — Corporate Update (2011)

15 slides from Gold Fields's corporate update, 2011

  1. Slide 1: West Africa Region

    West Africa Region

  2. Slide 2: West Africa: A million ounce region

    West Africa: A million ounce region Largest gold producer in Ghana Gold Production1 and NCE Margin (2008 – 2011) % koz % 1 200 50 1 000 40 MALI 800 30 600 Bamako Yanfolila Project 20 400 826 868 981 200 10 GHANA 0 0 Damang Accra 2008 2009 2010 2011E Tarkwa Production NCE Margin Mineral Reserves & Re

  3. Slide 3: Ghana: Political & Fiscal Overview

    Ghana: Political & Fiscal Overview  Maturing democracy Political  Stable and predictable political environment Climate  New fiscal regime proposed  Democratic elections in December 2012  Infrastructure improvement (US$3bn loan - China Development Bank)  Bank of Ghana: interest rate unchanged a

  4. Slide 4: Proposed new fiscal regime announced in the Nov 2011 Budget

    Proposed new fiscal regime announced in the Nov 2011 Budget  Increase in the corporate tax rate for mining companies to 35% from 25%  The Th NNational ti l St Stabilisation bili ti L Levy off 5% pre-tax t profit fit to t be b discontinued di ti d  Windfall tax of 10% to be introduced – calculatio

  5. Slide 5: Achievements since 2008

    Achievements since 2008 CIL Plant Expansion p  Increased Tarkwa pplant capacity p y from 5Mtpa p to 12Mtpa p Exploration Success  Increased Damang LOM from 2012 to beyond 2019 HPGR Trial Project  7 – 10% increase in heap leach recovery on competent feed Owner Maintenance &  Tarkwa HME: transitio

  6. Slide 6: Strategic objectives

    Strategic objectives  Maintain a >35% NCE margin Optimise  Stable production base Our Assets  BPR - control costs and manage NCE  Deliver optimal processing options at Tarkwa  Targeting 1.25Moz attributable production by 2015 (currently at 0.9Moz) Grow  Aim to deliver 4Moz Damang Super-pit and

  7. Slide 7: Tarkwa: A steady contributor

    Tarkwa: A steady contributor Production1 (2008 – 2011) ‘000 ounces 800 700 600 500 400 735 629 665 300 200 100 0 2008 2009 2010 2011E _____________________________________ 1. Managed gold production 129

  8. Slide 8: Tarkwa Expansion Project

    Tarkwa Expansion Project Conceptual p Study y  Additional CIL shows improved p site NPV versus Heap p Leach base case Size of expansion  8Mtpa CIL capacity to North Heap Leach Synergies  Current mining rates / fleet / installed processing capacity Low Risk  Supported by reserve with low risk of

  9. Slide 9: Damang: A mine in transition

    Damang: A mine in transition Production1 (2008 – 2011) ‘000 ounces 250 200 150 228 100 197 203 50 0 2008 2009 2010 2011E _____________________________________ 1. Managed gold production 131

  10. Slide 10: Damang Super-pit: Targeting 4Moz

    Damang Super-pit: Targeting 4Moz* Damang Reserves (‘000 ounces) 6 000 Damang Super-pit Other 5.0Moz 5 000 1 000 4 000 3 000 2 000 4 000 1.3Moz 952 1 266 1 000 631 1 128 723 555 0 June 2008 June 2009 Dec 2010 Target 2012 ____________________________________ * Refer to the Exploration Target Statement

  11. Slide 11: West Africa Region: Damang Superpit

    West Africa Region: Damang Superpit  Second drilling campaign completed (38,000m of 40m by 80m drilling)  Updated resource model being completed  6,300 m drilling to date – still open at depth Damang Superpit Conceptual Shell N Current Pit Surface -200m -400m -600m -800m Dec 2010 Reserve Shell Co

  12. Slide 12: Further upside potential at Damang

    Further upside potential at Damang Existing Plant Proposed Plant Meters Greater Amoanda Project planned for (In‐fill drilling) Super pit 2012 Amoanda/Rex Cor. Greater Amoanda 14,000 (First phase exploration) Rex Resource In-fill 12,000 Rex (In‐fill and Bonsa Hydrothermal 4,500 expansion drilling) Bo

  13. Slide 13: West Africa Region: Project Pipeline

    West Africa Region: Project Pipeline Targeting 1.25Moz attributable production Early E l stage t Advanced Ad d stage t Pre-Feasibility P F ibili & Construction Exploration Exploration Feasibility  Mali  Mali  Ghana - Damang − Kangari – Yanfolila – Damang Super-pit − Sankarani  Ghana - Damang  G

  14. Slide 14: West Africa Region: Yanfolila Project

    West Africa Region: Yanfolila Project A Camp-scale opportunity  Second strongg foothold in a highly g yp prospective p region  Starter project of ~200kozpa with significant growth prospects beyond this MALI  Leverage existing infrastructure Bamako Yanfolila Project  Track record of project deliv

  15. Slide 15: West Africa Region: 5-year target

    West Africa Region: 5-year target Targeting a 1.25 million attributable ounce region Yanfolila Damang Current Base Super-pit 1.25Moz in production or Tarkwa development Tarkwa expansion ~700koz Damang ~200koz 200koz West Africa West Africa 2011 2015 Target 137

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