Slide 1: Our Localisation Journey: Successes and Challenges
Our Localisation Journey: Successes and Challenges Alfred Baku EVP & Head of Gold Fields West Africa November 2020
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: Presentation Outline
Presentation Outline • Gold Fields Operations in Ghana • Localisation Legislative Framework • Localisation Journey • Succession Strategy for Expat Roles • Success Story • Success Drivers • Challenges and the Way Forward Our Localisation Journey: Successes and Challenges | Alfred Baku | November 2020
Slide 4: Gold Fields operations in Ghana
Gold Fields operations in Ghana • Operating in Ghana for 27 years. • Understands the people, culture, and operating environment • Operates the Tarkwa and Damang gold mines in the Western Region of Ghana, and owns half of Galiano Gold (previously Asanko Gold) in the Ashanti Region. 34% Growth • Tarkw
Slide 5: Localisation Legislative Framework
Localisation Legislative Framework Regulations Promulgated on 15 June 2012 1. Minerals and Mining Act 2006 (Act 703) • The Minerals and Mining (General) Regulations, 2012 (LI 2173) became law on 15 June 2012. It stipulates the maximum number of expats a holder of a mining lease can employ. • The Reg
Slide 6: Localisation Journey
Localisation Journey From 2012 to date 2020 Another 42% reduction from 19 expatriates in 2018 to 11 in 2020. Current localisation rate is 2.63%, far below the legislated 6%. 2018 Further reduction of 51% from 39 expatriates in 2015 to 19 in 2018. 2015 47% reduction in expatriates from 73 to 39 by 20
Slide 7: Succession Strategy for Expat Roles
Succession Strategy for Expat Roles Identify, Develop and Promote into Expat Roles Counterpart promoted and Counterpart confirmed in assessed and role upon Counterpart confirmed as expat’s exit. relieves in ready to replace Counterpart’s expat’s role one expat. development year prior to IDP develope
Slide 8: Success Story
Success Story Achievements since 2012 1 56 expatriate positions localised. 2 29 expatriate positions restructured. 3 Current expatriate number is 13 (Tarkwa – 7; Damang – 4; Galiano – 2) 4 Tarkwa localisation rate is 2.6%, below legislated 6%. 5 Damang localisation rate is 2.7%, below legislated 6%.
Slide 9: Success Drivers
Success Drivers Three Pillars of Success • Budget allocation for counterparts’ development Leadership • Confidence in nationals (Tarkwa is operated by 100% locals and Support • EVP’s position localised since 2014) • Ghanaians prioritised in the recruitment process Commitment to • Headhunting experie
Slide 10: Challenges and the Way Forward
Challenges and the Way Forward Challenges Way Forward • International exposure for • Continuous development of locals counterparts hampered by COVID- to match expertise of expatriates. 19. • Accelerate the development of • Low emphasis on technical training counterparts for mission-critical in Ghana
Slide 11: Thank you
ES GOkoy Wess Gi |Goip | Fievps