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Gold Fields (following the unbundling of Sibanye Gold) is a large unhedged producer of gold with attributable annual production of approximately 2 million gold ounces from six operating mines in Australia, Ghana, Peru and South Africa. The new Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility. The new Gold Fields has total attributable gold Mineral Reserves of 54.9 million ounces and Mineral Resources of 125.5 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX). In February 2013, Gold Fields unbundled its KDC and Beatrix mines in South Africa into a separately listed company, Sibanye Gold.
IN THIS SECTION
     
  Arrow Global Reporting Initiative (GRI)
  Arrow Annual Report 2012 case studies
  Arrow Annual Report 2011 case studies
    Arrow Why does Gold Fields use NCE to measure its cost performance?
    Arrow A revised Code of Ethics for the Group
    Arrow Liquid Gold: Mitigating future liabilities and enhancing water security
    Arrow The GROWTH project: Unlocking value from waste rock
    Arrow BIOX® process technology: Creating commercial opportunities from refractory ore
    Arrow Bringing new life to the Damang mine through the Super Pit project
    Arrow Piloting the WGC Conflict-Free Gold Standard
    Arrow Phasing out the Fanakalo language in South Africa
    Arrow Gold Fields makes good progress against new Mining Charter targets in South Africa
    Arrow Cerro Corona: Promoting ‘holistic’ local development
    Arrow Gold Fields recognised as one of the top-5 mining companies in the DJSI
    Arrow Using a Group-level methodology to produce regional Sustainable Development Action Plans
    Arrow South Deep installs award winning steel headgear
    Arrow Pioneering energy-efficient fan technology in South Africa
    Arrow Enhanced cyanide management through ASTERTM process technology
    Arrow Gold Fields Ghana wins 2011 Global Business Coalition Health Award
    Arrow Living Gold rose project: Learning from past challenges
    Arrow Developing a sustainable economic model for the Eastern Cape
  Arrow Sustainability reports
  Arrow Safe Production Management
    Climate Change Strategy
    Arrow Executive overview
    Arrow Background
    Arrow Gold Fields' approach
    Arrow Board presentation
    Arrow Carbon Policy
    Arrow Carbon footprint
    Projects
    Arrow Beatrix Methane project
    Arrow Kloof Hard Ice project
    Arrow Lake Lefroy Alternative project
    Newsroom
    Arrow In the media
    Arrow FAQS
    Arrow Useful links
    Arrow Contact us
  Arrow Human resources
  Arrow Risk management
  Arrow Corporate governance
  Arrow 24 hours in the life of a Gold Fields Employee in the South African Region
  Arrow Sustainability contacts
     

Pioneering energy-efficient fan technology in South Africa

Gold Fields deep-level mines in South Africa consume significant amounts of electricity due to their substantial ventilation, refrigeration and pumping requirements. Electricity consumption, which accounts for 95% of energy usage in the region – amounted to an average of 526MW in 2011. In a context of significant electricity tariff rises in South Africa, as well as potential carbon regulation, Gold Fields is making every effort to reduce its consumption. This includes a major, R200 million (US$28 million) project – 80% of which is financed by Eskom’s Demand Side Management (DSM) programme – for the fitting of 1,000 high-efficiency fan units at KDC, South Deep and Beatrix.

These 32kW units will replace the existing 45kW units and will consume 30% less electricity. The rolling out of these state-of-the-art fans follows the successful piloting of 10 units at KDC. Collectively, the new fans are expected to save 13MW a year. This will translate into cost savings of around R67 million (US$9 million) a year. “This means the project will pay itself off in less than six months,” says Jan du Plessis, Group Environmental Engineer. In addition, Gold Fields is exploring opportunities to earn carbon credits for its investment in the development of this entirely new, energy-saving technology.

A second DSM initiative during 2011 saw 23 fan stations at KDC fitted with upgraded and automated inlet guide vanes, which shifted 30MW out of peak periods and saved around R7 million
(US$970,000 million) last year.