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Gold Fields holds suppliers' conference in Tarkwa - Market Screener

Friday, 14 June 2019

Gold Fields Ghana Limited has held its maiden edition of the ‘Suppliers Conference-2019’ at Tarkwa in the Western Region, on the theme ‘Achieving a sustainable supply chain through partnership’.

The conference attracted over 300 suppliers and vendors of Gold Fields within Ghanaand the West African sub-region to interact and explore possible ways of being innovative and technologically-driven in what they do.

Also, it seeks to bring together all their suppliers, vendors and contractors to share best practices and inform them on what is happening in their operations, giving them the opportunity to air what their challenges have been as well as inform the company on some new innovations in their operations and to drive down cost.

Mr. Theophilus Otchere, Head of Supply Chain-Gold Fields West Africa, in an interview with the media on cost reduction explained: “Effectively, cost-reduction goes beyond price; it’s about putting together a set of initiatives which are a win-win for both the principal, Gold Fields, and that partner”.

On the issue of innovation and technology, he clarified that if a supplier comes up with a viable idea on the subject, it will be incorporated into the company’s operations in the coming year.

He mentioned that the supplier conference is going be held once a year. “We will be having series of mini-clinics within the year, wherein we are going to bring together suppliers to look for specific areas for us to have a conversation around”.

This, he noted, will continue to strengthen the good relationship between the company and its suppliers, and to ensure a mutual understanding of what they need to offer.

Joshua Donkor, Contract Manager of Gold Fields Tarkwa Mine, speaking on ‘contract process and policy’ said processing goods and services of the right quality, quantity and specifications at the right time and from the right source is very important.

According to him, there is a committee that awards contracts and ensures their transparency: “We are committed to conducting our business under our core values, in terms of integrity and responsibility. Our vision is to be a global leader in sustainable gold mining”.

He added: “We ensure all suppliers and vendors sign up to our contract process, and that they are registered in our system depending on our core values”.

Martha Appiah Mensah, Human Resource Manager Gold Fields Tarkwa Mine, said community employment after acquiring land in the area has been very encouraging.

“As at the beginning of 2019, 74% of the locals have been employed in communities such as Subri, Akoon, Amoanda, Awudua, Damang, Huni Valley, Pepesa among others, and we aim to do more at the end of the year.”

She disclosed that, very soon, Gold Fields will introduce in its contract requirements for suppliers and vendors that they also absorb some of the communities’ members if there are vacancies, and this will be a prerequisite.

This, she pointed out, is to promote fairness and reduce community agitation as well as ensure development thrives in its operational area.

(c) 2019 Business and Financial Times - All Rights Reserved Provided by SyndiGate Media Inc. (, source Middle East & North African Newspapers

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