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Gold Fields is one of the world’s largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces.
*Based on the annualised run rate for the fourth quarter of F2009

Securing our future

OVERVIEW OF OUR PERFORMANCE

F2009 highlights

  • Development of and full roll-out of the Safe Production Rules.
  • Completion of the independent DuPont safety assessment and the development of action plans to address improvement opportunities.
  • Despite international financial pressures, the Group avoided the implementation of any formal retrenchment processes.
  • Development and implementation of the well-being strategy.
  • ISO14001, OHSAS18001 and AS4801 certifications maintained.
  • South Deep received ISO14001 certification, which means all the South African operations are now certified.
  • Driefontein, Kloof and Beatrix all upgraded their OHSAS18001 to the 2007 version. South Deep is ready to be audited in the first quarter of F2010.
  • The best ever safety year in F2009.
  • Driefontein passed the milestone of two million fatality free shifts.
  • South Deep passed the milestone of one million fatality free shifts.
  • Beatrix passed the milestone of one million fatality free shifts.
  • Awards received in Peru with regard to health and safety management and another for environmental and social initiatives.
  • Cerro Corona achieved production with 27 per cent of its permanent workforce and 40 per cent of its contract workforce sourced from local communities.
  • Gold Fields received an award for reporting on the Carbon Disclosure Project.
  • Cyanide Management Code “Full Certification” and “Substantial Compliance” results.

F2009 lowlights

  • Despite initiatives to prevent fatal accidents, 21 fatalities occurred during the year.
  • Seven Level 3 environmental incidents occurred during the year.

Key focus areas for F2010

  • Entrench the Safe Production Rules and reduce risk to all employees.
  • Embed the culture of sustainable development within the organisation.
  • Achieve improvements in our energy efficiency in the Group and progress our methane capture project at the Beatrix operation.
  • Skills attraction and retention.
  • ISO14001:2004 (Environmental Management
  • System) certification at Cerro Corona.
  • Further utilisation of the AA1000SES to guide our stakeholder engagement processes.
  • OHSAS18001 certification for South Deep.
Gold Fields had an impressive safety year with improvements throughout the Group. Driefontein achieved two million fatality free shifts following various initiatives introduced at the mine

SUSTAINABLE DEVELOPMENT POLICY STATEMENT

Gold Fields Limited seeks to operate in a manner that presents a platform for responsible investment. This will be achieved by integrating sustainable development considerations into the decision-making process. The result will be an appropriate balance of the Company’s requirements to perform financially, to strive toward world-class standards in environmental management and to ensure broad social benefit.

To attain the vision, Gold Fields commits to:

  • Undertake its business activities in a manner that is ethical and adheres to sound systems of corporate governance;
  • The development and safeguarding of its social capital and to uphold human rights as they apply to its operations;
  • The deployment of effective risk management strategies;
  • Continually improve its environmental, health and safety performance through formalised management systems and cycles of review;
  • Contribute to the conservation of biodiversity and to design and develop appropriate postmining land uses in consultation with host communities and governments;
  • The implementation of best practice with regard to material stewardship and supply chain management and to encourage or require, where practical, business partners, contractors and suppliers to adopt similar objectives;
  • Investment in and supporting the socio-economic development of communities that are affected by its activities;
  • Actively engage and communicate with all stakeholders in a manner that is open and participative; and
  • Embark on a regular review of its processes and performance to ensure adherence to these commitments.

Employees of Gold Fields Limited are expected to play a fundamental role in achieving these commitments by:

  • Integrating sustainable development principles into everyday practice; and
  • Acting proactively and adhering to the Group’s sustainable development policy.

In keeping with our past practices of reporting on materiality, we have again tailored the sustainable development section of this report in accordance with our sustainable development framework and associated issues that are material or significant. The company has an established culture of stakeholder engagement and it is through the outcomes of such engagements that materiality is often determined. Stakeholder engagement in the Group is extensive and is part of our daily activities. Stakeholder groups include:

  • Employees and business partners;
  • Industry and trade associations;
  • Local communities;
  • Non Governmental Organisations;
  • Research institutions;
  • Academia;
  • Media;
  • Global communities; and
  • Regulatory authorities.