Integrated Annual Review 2012 Annual Financial Report 2012 Mineral Resources and Mineral Reserves Regional overview  
 

2.1.1 Introduction

Role within Group

The South Africa Region represents Gold Fields historical centre – and has traditionally been the largest contributor to Group production. It also accounts for the majority of our workforce, which is primarily focused on the mature, deep underground Beatrix and KDC mines (now owned and managed by Sibanye Gold).

Our South Deep mine remains of key strategic importance to the long-term sustainability of Gold Fields, with a life of mine estimated to extend beyond 2060.

Figure 2.1: Contribution to Group – South Africa region (including Sibanye Gold)

  % of Group total  
Optimising our operations    
Attributable gold production 46  
Growing Gold Fields    
Attributable Mineral Resources 82  
Attributable Mineral Reserves 72  
Securing our future    
Total economic contribution 58  
Employees 81  

Figure 2.2: South Africa region map

Figure 2.2: South Africa region map

Operations

Operations in the region are focused on:

  • The mature, deep underground Beatrix and KDC mines
  • The underground mechanised South Deep mine – the most significant gold development in South Africa

During the fourth quarter, Gold Fields announced the creation of a new South African gold mining company – Sibanye Gold Limited (Sibanye Gold) – through the proposed unbundling of its 100% owned subsidiary, formerly known as GFI Mining South Africa Proprietary Limited (GFIMSA). Sibanye Gold holds both the KDC and Beatrix gold mines as well as various service companies.

Sibanye Gold was successfully listed on the JSE Limited1 on 11 February 2013 and the New York Stock Exchange on 18 February 2013. The transaction creates a new, fit-forpurpose vehicle that will allow Sibanye Gold management to determine the optimal future exploitation strategy for its assets and to have control over its cash flows – including rewarding shareholders through the payment of dividends.

Following the unbundling, Gold Fields retains the South Deep mine.

Optimising our operations

 
Figure 2.3: Attributable gold production Figure 2.4: NCE margin – excluding South Deep
Figure 2.3: Attributable gold production Figure 2.4: NCE margin – excluding South Deep

Growing Gold Fields

Securing our future

Figure 2.5: Managed Mineral Reserves and Resources Figure 2.6: Local economic contributions (US$m)
Figure 2.5: Managed Mineral Reserves and Resources Figure 2.6: Local economic contributions (US$m)