Slide 1: Agnew Mine – A “Renewable” Commitment to the Future
Agnew Mine – A “Renewable” Commitment to the Future STUART MATHEWS – EXECUTIVE VP AUSTRALASIA , GOLD FIELDS Australia Energy Week, Melbourne, Australia 26 May 2021
Slide 2: Forward Looking statements
Forward Looking statements Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. In particular, the forward looking statements in this document include
Slide 3: Agenda
Agenda 1 About Gold Fields 2 ESG and Energy Strategic Intent 3 Agnew hybrid renewable microgrid 4 Project derisking process 5 Agnew’s lessons / Intangibles Australian Energy Week | Stuart Mathews | 26 May 2021 3
Slide 4: Gold Fields Limited
Gold Fields Limited 9 gold mines 1 project 5 countries 2.2 Moz annual gold production GFI (JSE, NYSE) Australian Energy Week | Stuart Mathews | 26 May 2021 4
Slide 5: Gold Fields Global Energy Footprint
Gold Fields Global Energy Footprint Gold Fields Group Energy spend US$257m (16% of OPEX) Energy spend per ounce US$110/oz Electricity 1 200 GWh Renewables (MW) 3% solar, 4% wind Carbon footprint 9% solar, 3% wind 2020 3% solar, 4% wind 2023 6% solar, 7% wind West Africa Region Mines: Tarkwa and Dama
Slide 6: Our ESG Strategic Priorities
Our ESG Strategic Priorities To be the global leader in sustainable gold mining Priority 1: Priority 2: Priority 3: Priority 4: Priority 5: Partnering to Build a Shared Value Pursuing Full compliance with ensure the diverse and -Unlocking decarbonisation the 2020 Global health, inclusive business, a
Slide 7: Energy security for miners
Energy security for miners Energy challenges facing the global mining industry Availability of Reliability of Affordability of Addressing energy energy supply energy energy’s climate impacts Australian Energy Week | Stuart Mathews | 26 May 2021 7
Slide 8: What Gold Fields has been doing
What Gold Fields has been doing Implementing an integrated energy and carbon management strategy Strengthen energy security Improve energy efficiency & costs 2020 aspirational goals: costs savings, carbon footprint reduction and business integration Reduce carbon emissions (and adapting to Climate-r
Slide 9: Hybrid renewable energy project – Agnew
Hybrid renewable energy project – Agnew Circumstances present opportunities ● Our two mines at Agnew are getting deeper – more power demand ● Exploration strategy (A$100m in 5 years) delivering resources and reserve growth – production pipeline assured ● Potential to grow Agnew production with inves
Slide 10: Agnew Hybrid Renewable Microgrid
AGNEW HYBRID RENEWABLE MICROGRID 2.1MW 2.3MW Project recap 2.3MW 2.2MW 2.1MW 8.2m/s 4MW SOLAR PV 10,710 X SUNTECH PANELS 18MW WIND 5 MVA SMA CENTRALISED SOLAR INVERTER MICROGRID CONTROL SYSTEM 5 x GOLDWIND GW140 3.57MW NEXTRACKER SINGLE AXIS TRACKING SYSTEM PERMANENT MAGNET DRIVE WITH FULL ENTURA HY
Slide 11: Hybrid Microgrid Derisking
HYBRID MICROGRID DERISKING Agnew’s process INTEGRATION STAGED DEPLOYMENT TECHNOLOGY ARENA FUNDING IPP CAPABILITY 54% MARKET EOI, RISK APPROPRIATION 6 CIVIL DESIGN 5 GEOTECHNICAL DRILLING 4 CONFIGURATION & SIZING 3 CONSULTANTS, MODELLING 2 RENEWABLE RESOURCE 1 AREMI, SODAR Energy & Mines | James Koer
Slide 12: Agnew Energy Production 22 July 2020
MEGAWATTS 10,0 20,0 15,0 25,0 0,0 5,0 00:00:00 00:30:00 01:00:00 01:30:00 02:00:00 02:30:00 03:00:00 03:30:00 04:00:00 04:30:00 05:00:00 Energy & Mines | James Koerting | 4 August 2020 05:30:00 06:00:00 06:30:00 07:00:00 07:30:00 08:00:00 Solar 08:30:00 09:00:00 09:30:00 Wind 10:00:00 10:30:00 11:00
Slide 13: The Intangibles Delivered
The Intangibles Delivered Agnew – A modern Gold Mine – Set for the Future What we didn’t expect? • Totally changed perception of Agnew as a mine – investment in the long term energy solution – in control of our own destiny • Agnew now a modern mining operation – an amateur oil painting to a Rembrand
Slide 14: How can we energise the mine of the future
How can we energise the mine of the future Future opportunities in powering our mines Modular and Electrified: weaned Gas: a key transition Diversified energy connected More storage off diesel fuel mix: wind, gas, solar These, coupled with digital technology changes, will disrupt how mines are desig
Slide 15: Thank you
Thank you STUART MATHEWS GOLD FIELDS AUSTRALIA