Gold Fields Limited · JSE:GFI
Gold Fields — Energy and Mines Perth 2019
18 slides from Gold Fields's conference presentation, June 2019
Slide 1: Decarbonising our mines
Decarbonising our mines GRAEME OVENS Vice President, Operations, Gold Fields Australia Energy and Mines Perth 2019
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 i. Gold Fields – who are we ii. Meeting Gold Fields’ sustainable mining vision iii. Granny Smith hybrid renewable energy project iv. Agnew Gold hybrid renewable energy project v. Future opportunities Decarbonising our mines | Graeme Ovens | June 2019 3
Slide 4: Global Footprint
Global Footprint Gold Fields Group (2018) • Top 10 of the world’s gold miners • Listings on the JSE and NYSE • Total gold output >2Moz • Energy spend US$258m (17% of OPEX) US$115/ounce West Africa region Mines: Tarkwa and Damang JV project: Asanko Gold Mine 680koz 46% of GFL total energy Americas re
Slide 5: Australasia
Australasia Regional overview Mining Contribution Operations: • 17 years in Western Australia • Agnew • One of the largest gold miners in Australia • St Ives • Underground (80%) and Open Pit (20%) • Granny Smith • 43% of Group gold production • 42% of Group net cash-flow • Approx. 2,200 employees an
Slide 6: 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 Decarbonising our mines | Graeme Ovens | June 2019 6
Slide 7: 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 Cost savings Carbon footprint reduction Business integration Reduce carbon emissions (adapt to climate-related risks)
Slide 8: Gold Fields' electrification journey
Gold Fields’ electrification journey Our gradual transition towards low carbon and renewable energy Agnew power Agnew hybrid 128 kW solar Agnew hybrid options FS power station rooftop systems power station FS Cero Corona 5 MW construction commissioned at floating solar PV Gruyere gas power Helen Rd
Slide 9: Granny Smith hybrid renewable energy project
Granny Smith hybrid renewable energy project
Slide 10: Granny Smith: Circumstances present opportunities
Granny Smith hybrid renewable energy project Circumstances present opportunities ● 21MW gas-fuelled power station commissioned in 2016 from diesel generation, expanded to 24.2MW in 2018 ● Increased demand from mining operations – ventilation and paste installations due to mining at depth ● Opportuni
Slide 11: Granny Smith: Solar battery hybrid under construction
Granny Smith hybrid renewable energy project Solar battery hybrid under construction ● Heads of Agreement announced at Energy & Mines 2018, contract signed December 2018 ● Technically optimal solution: 8MW solar and Aggreko in-house modular 2MW/1MWh lithium-ion battery unit ● Clearing and constructi
Slide 12: Agnew hybrid renewable energy project
Agnew hybrid renewable energy project
Slide 13: Agnew: Circumstances present opportunities
Agnew hybrid renewable energy project Circumstances present opportunities ● Electricity transmission capacity restricted by existing infrastructure constraints ● Consuming diesel on site to meet additional electricity demand ● Challenges: ̵ 5-year PPA coming to an end ̵ Time constrained – 2 years to
Slide 14: Agnew: Feasibility studies and project de-risking
Agnew hybrid renewable energy project Feasibility studies and project de-risking ● Energy modelling with consultants Advisian ● Early project de-risking: ̵ SODAR to collect and understand wind resource ̵ Geotechnical investigations for solar and wind farms ̵ EOI process to shortlist consortiums with
Slide 15: Agnew: Gas and solar under construction
Agnew hybrid renewable energy project Gas and solar under construction ● Optimised hybrid microgrid consisting of: ̵ 18MW through 5 wind turbines ̵ 4MW solar plant (10,000 panels) ̵ 13MW/4MWhr battery unit ̵ 16MW gas plant to underpin demand ̵ 25km gas supply pipeline ● Construction schedule: ̵ Gas
Slide 16: Gold Fields' energy future
Gold Fields’ energy future | Gown (Re
Slide 17: 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 Coupled with digital technology changes, these opportunities will disrupt how mi
Slide 18: Thank you
Thank you QUESTIONS AND ANSWERS