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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
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    Arrow Gold Fields' approach
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    Arrow Carbon Policy
    Arrow Carbon footprint
    Projects
    Arrow Beatrix Methane project
    Arrow Kloof Hard Ice project
    Arrow Lake Lefroy Alternative project
    Newsroom
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  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
     

Lake Lefroy Alternative Energy project

Harnessing wind power in Australia

Lake Lefroy Alternative Energy project

A new project at Gold Fields’ St Ives operation in the Australasia Region looks set to harness wind power as a renewable energy source for the mine. This comes at a critical time for the operation, which currently sources power through from BHP Billiton, an agreement that expires in 2014. The company is in negotiations to extend the contract but BHP Billiton is unable to guarantee uninterrupted power for any requirements that the mine may have over and above the current 20MW/year. Gold Fields is ready to bring new underground mines into production, but these will require up to 40MW so the pressure is on to find alternative sources of energy.

Prior to committing to a large capital investment in wind turbines, Gold Fields has followed industry best-practice by conducting a two-year targeted wind survey to establish whether wind speeds in the area surrounding St Ives will be sufficient to provide the additional power requirements. Typically, average wind speeds above 4 metres per second (14.4km/h) are needed to turn a large scale wind turbine.

In 2009  St Ives management commissioned the installation of a 10m-high mast near the centre of Lake Lefroy. Wind speed data is recorded every 15 minutes and captured by a data collection system. The results look promising. Data gathered up to now, together with regional wind maps, indicate that the wind resource exceeds the minimum requirement for turning large turbines.

Wind energy has the potential to have a positive environmental impact in Australia, particularly in the southern half of the continent, and Gold Fields will see the benefit from using this renewable energy source in a reduced carbon footprint.