Gold Fields

Gold Fields Limited
Public
Traded as JSE: GFI
NYSE: GFI
SIX: GOLI
Industry Gold mining
Headquarters Johannesburg, South Africa
Number of locations
 South Africa (four mines), Ghana (two mines), Australia (five mines), Peru (one mine)
Key people
 Cheryl Carolus (Chairwoman)[1]
Nicholas Holland (CEO)
Paul Schmidt (CFO)
Products Gold
Revenue $ 2.761 billion (FY 2017)[2]
$ 7.7 million (FY 2017)[2]
Number of employees
 18,594 (FY 2017)[2]
Website www.goldfields.co.za

Gold Fields Limited is one of the world’s largest gold mining firms. Headquartered in Johannesburg, South Africa, the company is listed on both the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE). The firm was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. As of the third quarter of 2014, Gold Field was the world's seventh-largest producer of gold.[3]

The company owns and operates mines in South Africa, Ghana, Australia and Peru. Growth efforts are focused mainly in the regions where it currently operates, and are mainly driven through brown fields exploration on its existing land positions and through mergers and acquisitions in the same regions.

Gold Field's chairperson is Cheryl Carolus, and the CEO is Nicolas J. "Nick" Holland.

Board of directors

Executive Directors

  • Chief Executive Officer CEO – Nick Holland.
As Senior Manager of Corporate Finance and Financial Director for Gencor, Holland was instrumental, in 1998, when its gold assets merging with those of Gold Fields to form Gencor, which was subsequently renamed Gold Fields Limited.[5]
  • Chief Financial Officer CFO – Paul A Schmidt

Operations

Australia

Ghana

  • Tarkwa Gold Mine
4km west of the town of Tarkwa
  • Damang Gold Mine
30km north of the neighbouring Tarkwa Gold Mine

Peru

  • Cerro Corona Gold Mine
The Cerro Corona Mine in Peru is in the highest part of the western Cordillera of the Andes Mountains in the north of the country.

South Africa

In 2012, Gold Fields Limited unbundled its subsidiary, GFI Mining South Africa Proprietary Limited (“GFIMSA”), which was then renamed Sibanye Gold Limited (“Sibanye Gold”), and consisted of the KDC (formerly Kloof) and Beatrix mines, as well as an array of support service entities in South Africa.[6] "Gold Fields stockholders were given one share in Sibanye for each of their Gold Fields shares."[7] The three mines transferred from Gold Fields to Sibanye, later Sibanye-Stillwater, are:

  • Beatrix gold mine

Bibliography

  • Gold Fields: A Centenary Portrait by Paul Johnson (writer). Many black and white, colour plates of personnel and topography. Includes an image of Guy Carleton Jones, and refers to Consolidated Gold Fields and its subsidiary companies.[8]

References

  1. ↑ http://za.news.yahoo.com/carolus-takes-over-gold-fields-chairwoman-103115054--finance.html
  2. 1 2 3 "Gold Fields 2017 Integrated Annual Report" (PDF). Gold Fields. 31 December 2017. Retrieved 13 May 2018.
  3. ↑ Simon Walker, "Gold: new fundamentals, Engineering & Mining Journal, Feb. 2015, v.216 n.2 p.34
  4. ↑ "Gold Fields Company website". Gold Fields. Retrieved 10 September 2013.
  5. 1 2 Gold Fields "Our History", Goldfields.com. Retrieved February 20, 2018.
  6. ↑ Sibanye-Stillwater "Company Announcements", Sibanye-Stillwater, November 29, 2012. Retrieved April 11, 2018.
  7. ↑ Minto, Rob "Gold Fields and Sibanye: low start", Financial Times, February 11, 2013. Retrieved April 11, 2018.]
  8. ↑ Published by Weidenfeld and Nicolson (London) in 1987 with ISBN 0-297-78967-8


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