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Our vision is to be the global leader in sustainable gold mining

The Gold Fields DNA

  • Our vision
  • Our values
  • Strategic objective
  • Our commitment
  • Operating model
  • Value model
  • Group culture
  • Our DNA

Our vision

To Be The Global Leader In Sustainable Gold Mining


“The Global Leader”

  • We don’t want to be the biggest, but we do want to be the best at everything we do
  • We seek to create the greatest enduring value from gold mining for all of our stakeholders, including our employees, our communities, our shareholders and our host governments
  • We are gold industry leaders in understanding our stakeholders’ needs and responding to them
  • Through living our values, we consistently deliver what we promise

“Sustainable”

  • If we cannot mine safely, we will not mine
  • We seek to enhance the environments in which we operate, and limit the impact that mining can cause
  • We are committed to creating “shared value” for all our stakeholders. This is our legacy and we measure ourselves against this

“Gold mining”

  • We are a gold miner – we produce gold (and by-products where they exist)
  • We believe in our product and do not hedge gold

This Is Who We Are, What We Do, and How We Work

Our values

safety

Safety

If we cannot mine safely, we will not mine.”

responsibility

Responsibility

We responsibly manage our impact on the environment and host communities.”

integrtiy

Integrity

We act with honesty, fairness and transparency.”

respect

Respect

We treat all stakeholders with trust, dignity and respect.”

innovation

Innovation

We encourage innovation and an entrepreneurial spirit.”

delivery

Delivery

We strive for excellence and do what we say we will do.”

This Is Who We Are, What We Do, and How We Work


Explaining our Values

Safety

If we cannot mine safely, we will not mine.”

We care deeply about the safety of our people. We are vigilant about identifying unsafe behaviours and are not afraid to speak up – to Stop, Fix, Verify and Continue – because we know we have the full support of the company when we do so. We are absolutely disciplined about developing, implementing and adhering to safety systems and rules, and we hold ourselves and each other accountable for this. We work towards zero harm on a daily basis – in our jobs, our homes and our communities. We never compromise on safety.

Responsibility

We responsibly manage our impact on the environment and host communities.”

We hold ourselves accountable for our actions and the impact we have on the environment and host communities – even if this does not relate to our core job. Wherever possible we use water and energy efficiently. We vigilantly monitor those areas of our business that may impact the environment and quickly report any incidents. We treat people in host communities with respect and make an attempt to understand their needs and concerns.

Integrity

We act with honesty, fairness and transparency.”

We hold ourselves to the highest ethical standards. We tell the truth, stand up for what we know is right and protect the people who have the courage to do this. We report facts and figures accurately, keep confidential information private and refuse to cover up or turn a blind eye to what we know is unethical. We use the Code of Conduct and company policies to guide us but when we are unsure of what to do, we ask. We act with the best interests of our company at heart.

Respect

We treat all stakeholders with trust, dignity and respect.”

How we behave is guided by the knowledge that every human being is valuable and deserves respect. This is why we treat other people as we would want to be treated. While we know that it is sometimes necessary to have difficult conversations, we do so in a way that ensures that the dignity of the other person always remains intact. We allow others to voice their views, even when they are different to or in conflict with our own. We embrace, value and accept diversity and difference. We do not tolerate rude, abusive or undermining behaviour and we stand up for each other.

Innovation

We encourage innovation and an entrepreneurial spirit.”

Our definition of innovation goes beyond technology – it encompasses any idea or change that can drive the business forward. We do not allow ourselves be constrained by limiting beliefs and we think beyond what other people accept as ‘possible’. We respond positively to creativity, spontaneity and innovative thought and provide people with feedback when they propose ideas. We are open to change and support new ways of working, even when the ideas may not be our own. We are optimistic about what the future can deliver.

Delivery

We strive for excellence and do what we say we will do.”

We strive to produce work that is excellent. We pay attention to detail and take pride in what we do. We work hard to deliver on time and in budget – wherever possible we strive to exceed expectations and do more with less. We understand that the delivery of one person impacts the delivery of the entire team. We take individual responsibility for our own work but we accept that no single project is more important than what we need to do together to help the company achieve its goals.

This Is Who We Are, What We Do, and How We Work


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Strategic objective

Sustainable Cash Flow to Underpin "Shared Value"

  • To structure our business to generate at least a 15% All In Sustaining Cost (AISC) Free Cash Flow Margin at any gold price
  • It is only if we generate cash on a sustainable basis that we will create sufficient value to meet our commitments to all of our stakeholders, and to grow Gold Fields
  • “Shared Value” is created when both business and social needs are addressed. At its core, “Shared Value” is a business strategy that has a positive social impact without hand-outs
  • To ensure the sustained support of our equity investors, we are committed to paying a dividend of 25% to 35% of normalised earnings

This Is Who We Are, What We Do, and How We Work

Our commitment

Employee Charter

Our commitment to Gold Fields Employees…

To be a company you can be proud of

  • We Live our values and deliver on our promises
  • We contribute to building our communities in a way that you can be proud of and we share the value we create with our communities in a way that sustains our business and the environment

To celebrate achievement

  • We celebrate the successes that you as an individual achieve as well as the successes of your team
  • We recognise and reward your performance

To treat you with respect and to work with you to ensure your health and safety

  • We treat you with respect and dignity
  • We provide a safe and healthy work environment so that you can leave work each day to return to your loved ones, and live a well-balanced life

To provide the right development & support for you to succeed

  • When you deliver, we provide you the opportunity to take on new challenges with the right development and support

With your help, to make Gold Fields “the best place to work”

  • Your contribution is critical for us to deliver on this promise
  • We encourage and expect of you to live our values, to work collaboratively, and to do what is best for Gold Fields’ enduring legacy

A Safe, Winning and Productive Team

Society and Community Charter

Our Commitment to Society and Gold Fields’ Host Communities …

To build strong relationships and trust

  • We build strong relationships with key stakeholders, based on trust and open, honest and frequent engagement

To create and share value

  • To ensure that we leave an enduring, positive legacy for the communities in which we operate, we work with our stakeholders (investors, employees, communities and governments) to create “Shared Value”

To measure our actions and impact

  • We commit to put in place measures to gauge how we are performing against our commitments to create “Shared Value”, build communities and reduce our impact on the environment

To deliver against our promises

  • We strive to reach a better understanding of all the relevant issues associated with our business, to co-create and deliver the right commitments to secure and maintain our Social Licence to Operate

The Most Trusted and Valued Mining Partner


Investor Charter

Our Commitment to Gold Fields’ Investors…

To build a quality portfolio of productive mines and assets under exploration and development

  • The quality of our asset portfolio is key to our success. What is most important, however, is our commitment to generate cash on a sustainable basis, in order for us to meet our commitments to all of our stakeholders

To provide superior returns

  • In order to be an appealing long-term investment we will deliver leverage to the gold price and attractive returns relative to our peers and the gold price

To deliver on our commitments

  • We seek to be judged on what we do rather than what we say. We will be clear and transparent on our strategy and the performance of our assets, and focus on achievements rather than on what we intend to do. To protect our credibility and integrity we will only make commitments that we can achieve

A Quality Portfolio of Producing and Growth Assets, Providing Superior Returns on Gold

Our commitment to stakeholders

Employee Charter [PDF - 18kb] Group Employee Value Proposition [PDF - 2mb] Society and Community Charter [PDF - 18kb] Investor Charter [PDF - 18kb] Stakeholder Charters [PDF - 24kb]

Operating model

Our Operating Model and Structure


  • A fit-for-purpose, low-cost, operating model and structure focussed on sustainable cash generation
  • Full operational responsibility & accountability in capable and appropriately resourced regions
  • Corporate office narrowly focussed on group functions: strategy; capital; growth; stakeholders, brand & reputation; policies & standards; compliance & reporting
our operating model and structure
GFI
Corporate Office
South African Region
South Deep project
West Africa Region
Tarkwa
Damang
Australasia Region
Agnew/Lawlers
St Ives
Darlot
Granny Smith
South America Region
Cerro Corona


This Is Who We Are, What We Do, and How We Work


Global Footprint
View detailed corporate structure

This Is Who We Are, What We Do, and How We Work


Download [PDF - 145kb]

Value creation model

Our value creation model


How Gold Fields creates and distributes value

Gold Fields is able to create and distribute value to its stakeholders by achieving its overarching strategic objective, which is to deliver a sustainable free cash flow margin of 15% at a long-term planning gold price of US$1,300/ oz. This means we will not only invest to achieve this year’s targets but also those in the years to follow.

A wide range of internal and external factors – or inputs - have either had a direct impact on or influenced the development of this strategy. Many of these inputs pose a risk to the Group, and can be directly linked to the top 10 risks on our business risk register, while others are an opportunity.

At a macro level, we continually consider the global geopolitical climate and macroeconomic trends as well as the socio-economic and political environment in the specific jurisdictions where we operate. In recent years, gold price volatility and a decline in prices have had a direct impact on how we steer the business strategically, and currently pose a key business risk. Furthermore, the level of exchange rates in regions in which we operate have a material influence on our business.

Certain factors that are more directly linked to our business include the contributions and expectations of our shareholders, host communities and employees and contractors. The public and fiscal policies of host governments, and their stance on the mining industry, is a further important factor.

Our business uses a number of capitals and resources including natural, manufactured, human, social and financial capital.

All of these inputs come together to inform our strategy, which in turn is executed by:

  • Improving the quality of our portfolio: Having a quality portfolio of assets allows us to generate the cash needed to meet our objectives. A combination of business optimisation and active risk management allows us to grow and improve the portfolio of assets.
  • Focusing on delivery: In addition to having a quality portfolio of assets we also require an absolute focus on delivery. This is enabled by driving a high-performance culture, ensuring we have superior processes in place and employing and retaining the right people in the right jobs.

The successful execution of our strategy results in revenue creation, and from this we are able to deliver value to a number of stakeholders and invest in host communities and countries. We pay interest to financial institutions, salaries to employees, payments to suppliers and taxes and royalties to governments.

Once these payments are made, the net cash remaining is used to reduce our debt, pay dividends to shareholders and invest in growth – three of our most critical strategic objectives.

This entire value generation and distribution process is underpinned by certain non-negotiable fundamentals. These include adherence to our safety ethos of ‘If we cannot mine safely, we will not mine’; securing and maintaining our social licence to operate; meeting our environmental responsibilities; and, ensuring we have the necessary licences in place to meet all regulatory compliances. The Gold Fields values, which inform the way in which we work, also underpin all aspects of our business.

For a graphic illustration of our business model, click here.

Group culture

Our Group Culture and Personality

The Gold Fields culture …

  • Is dynamic, innovative and entrepreneurial
  • “acting like engaged owners and executing with a sense of urgency”
  • “no red tape, bureaucracy, politics, ego or status symbols”
  • “we say what we mean and we mean what we say”
  • “ we strive for excellence and a culture of high performance”
  • Is responsible, accountable and values driven
  • a caring organisation”
  • “responsive, interactive and team oriented”
  • “communicates well”
  • Has spirit and aims to make a difference in everything we do

This Is Who We Are, What We Do, and How We Work


Download [PDF - 54kb]

Our DNA

Our Vision


To be the global leader in sustainable gold mining

Our Values


  • Safety
  • Honesty
  • Respect
  • Responsibility
  • Innovation
  • Delivery

Our Strategic Objective


Sustainable cash generation to underpin value distribution

Our Commitment to Stakeholders


  • A winning, safe and productive team
  • The most trusted and valued mining partner
  • A quality portfolio of assets, providing superior returns on gold

Our Operating Model And Structure


  • A fit-for-purpose, low-cost, operating model and structure focussed on sustainable cash generation
  • Full operational responsibility and accountability in capable and appropriately resourced regions
  • Corporate office narrowly focused only on group functions: strategy; capital; growth; stakeholders, brand and reputation; policies and standards; compliance and reporting

This Is Who We Are, What We Do, and How We Work


Download [PDF - 23kb]