Slide 1: Energy security for mines
Energy security for mines TSAKANI MTHOMBENI Vice President: Group Head of Carbon and Energy, Gold Fields Windaba 2019, Cape Town
Slide 2: 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 among others those relating
Slide 3: Agenda
Agenda ● Gold Fields – who are we ● Energy security for mines ● Our journey ● Key challenges Energy security for mines | Tsakani Mthombeni | October 2019 3
Slide 4: Global footprint
Global footprint Gold Fields Group (2018) • Listings on the JSE and NYSE • Total gold output >2Moz • Energy spend US$302m (22% of OPEX) West Africa region Mines: Tarkwa and Damang JV project: Asanko Gold Mine 680koz 46% of GFL total energy Americas region Mine: Cerro Corona (Peru) Project: Salares N
Slide 5: 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 • Mines getting more remote, deeper, hotter, longer and harder to access • Faced with energy price volatiliti
Slide 6: Gold Fields' electrification journey
Gold Fields’ electrification journey Our gradual transition towards low carbon and renewable energy Corporate Office 128 Agnew power Agnew solar/ Agnew hybrid kW solar rooftop options FS battery power station power station FS systems Cero Corona ISO 50001 certified Gruyere gas power commissioned Agn
Slide 7: Recent Gold Fields' case studies
Recent Gold Fields’ case studies Captive PPAs with gas as a transitional source of energy ● Agnew hybrid-grid: ̵ 18MW through 5 wind turbines ̵ 4MW solar plant (10,000 panels) ̵ 13MW/4MWhr battery unit ̵ 16MW gas plant ̵ 25km gas supply pipeline ̵ To meet ~54% of Agnew’s power needs ̵ GHG emissions
Slide 8: Key challenges
Key challenges Considerations for captive PPAs Geography (Land & Resource Intermittency ≠ Life of Mine Uncertainties PPA Price Expectations Resource Potential) Unpredictability Lack of Mining Load IFRS Accounting Issues Financiers’ Risk Appetite Grid Integration Issues Understanding by IPPs Regulato
Slide 9: Gold Fields' inaugural TCFD report
Gold Fields’ inaugural TCFD report Inaugural report for future disclosures – launched this Monday Energy security for mines| Tsakani Mthombeni | October 2019 9
Slide 10: Thank you
Thank you QUESTIONS AND ANSWERS