Slide 1: Towards Five Million Ounces
Towards Five Million Ounces Nick Holland Chief Executive Officer Indaba Conference Cape Town February 2011
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 S Securities iti Exchange E h A t off 1934. Act 1934 Such forward looking statements involve known and u
Slide 3: Gold Fields: A Growth Story
Gold Fields A Growth Story y Finland Mali Philippines Ghana Tarkwa Peru Damang Cerro Corona 2001 Australia South Africa Agnew Driefontein St Ives Kloof Beatrix South Deep Project 2008 Building a global company 3
Slide 4: What Gold Fields Offers
Gold Fields What Gold Fields Offers …. A Quality Reserve 78 million ounces of reserves A Strong Production Base 3.6 million ounces annualised Safety Strategy Delivering 2010 safest year ever Strong Free Cash Flow US$500 million million* in 2010 Strong Growth Pipeline Targeting 5moz by 2015 Strong Ba
Slide 5: Our Vision, Strategy & Target
Our Vision, Strategy & Target Simple p Yet Compelling p g To Be The Global Leader In Sustainable Gold Mining Free Cash Flow Optimise Our Assets Grow Gold Fields S Secure O Future Our F t Targeting 5 million ounces by 2015* * In production or development 5
Slide 6: Optimise Our Assets: Grow Free Cash Flow Margin Per Ounce
Our Strategy Optimise p Our Assets Grow Free Cash Flow Margin Per Ounce • Stabilising South Africa legacy mines Stabilise production base • International mines delivering to plan • Target - 20% NCE margin Focus on free cash flow • Business process re-engineering delivering in all regions • Regionali
Slide 7: Grow Gold Fields: Grow Ounces Per Share
Our Strategy Growing g Gold Fields Grow Ounces Per Share Improve quality of portfolio to reduce d NCE • Organic growth at all international assets Geographic, technical and currency y diversification • US$150 million exploration budget Grow mainly through • Targeting 5moz by 2015* discovery No M&A h
Slide 8: Secure Our Future: Sustainability
Our Strategy Secure Our Future Sustainability We will not mine if we cannot mine safely Integrated reporting and integrated delivery philosophy (ICMM Global impact (ICMM, impact, WGC) 2014 BEE ownership requirements in SA completed Committed to Responsible Gold Attraction and retention of key skills
Slide 9: Growth Portfolio: Developing Five New Mines
Growth Portfolio Developing p g Five New Mines Arctic Platinum Project j Finland Yanfolila Far Southeast Project Project M li Mali Philippines Peru Chucapaca South Project Africa South Deep Project 5moz in development or production by 2015 9
Slide 10: South Africa Region: South Deep Project
South Africa Region South Deep p Project j • 30 moz reserve • Construction on time and on budget • Build-up to 750 koz by end of 2014 Driefontein/Kloof • 52% % increase in 2010 Complex South Deep Project Johannesburg Beatrix Gold Mine Production Build-Up Build Up (koz) SOUTH AFRICA 800 600 Cape Town
Slide 11: South Deep Project Capital Programme 2010 to 2014
South Africa Region South Deep p Project j Capital Programme: 2010 to 2014 2.5 Capital (Rbn) 2 1.5 1 Plan C 0.5 Actual 0 F2009 F2010 F2011 F2012 F2013 F2014 F2010 F2011 C2012 F2013 F2014 Status Refrigeration Plant Twin Vent Shaft Tailings Storage Facility Plant Expansion p New Mine Developme
Slide 12: South America Region: Chucapaca JV Project, Peru
South America Region Chucapaca p JV Project j - Peru Chucapaca JV Project 51% Gold Fields 49% Buenaventura Cerro Corona Mine PERU Lima Chucapaca JV Project Mining Concessions Chucapaca JV Project Gold Fields Buenaventura Aruntani 12,700Ha 94,100Ha 18,400Ha Dominant land position – camp scale opportu
Slide 13: Chucapaca JV Project, Peru
South America Region Chucapaca p JV Project j - Peru • Main focus on Canahuire Deposit Canahuire • Discovery hole drilled September 2008 • 50,000m drilled to date • 20,000m in phase one • 30,000m to date in phase two Cerro Chucapaca • 18 months from discovery to resource Katrina • Canahuire Initial
Slide 14: Canahuire Drilling – Selected Intersections
Chucapaca JV Project Canahuire Drilling g – selected intersections (g (gold only) y) Extent of CCP10_114 CCP10_103 CCP10_101 drilling used in 65.30 m @ 4.71g/t 163.50 m @ 3.71g/t 54.94m @ 4.16g/t and 108.7m @ 2.89g/t resource Resource PitShell CCP10_088 131.9 m @ 3.29g/t Au CCP10_023A 58 m @ 4.01g/t
Slide 15: Canahuire: Planning Inventory (Dec 2010)
Chucapaca JV Project Canahuire: Planning g Inventory y ((Dec 2010)) W E 1.3km 5.6 moz Resource Shell S 350m Grades G d improving Model Looking North extending Higher grades and more ounces 15
Slide 16: West Africa Region: Yanfolila Project, Mali
West Africa Region Yanfolila Project j - Mali • Significant land position (180 x 60 km) • Property consolidation ongoing MALI • Extensive mineralisation across entire property • Drill intensive project - 80,000 m in 2011 B Bamako k Yanfolila Project Essakane • Main focus on Komana Camp on South Sadi
Slide 17: Yanfolila Project: Komana Camp
Yanfolila Project Komana Camp p G i Guinea Saniouamale West Guirin West KEKomana East Komana WestKW Gonka Solona Kabaya South Targeting 2 moz within 20 km radius 17
Slide 18: Yanfolila Project: Komana East
Yanfolila Project Komana East • Improved geological understanding • Se Several e a pa parallel a e sstructures uc u es • High grade mineralisation at surface • KRC0150: 30m @ 5 g/t and 4m @ 9 9.09 09 g/t • Drilling on new targets delivering positive results (Guirin West and Gonka) • Gonka – potentia
Slide 19: Yanfolila Project: Komana East
Yanfolila Project: Komana East South North KRC0150 – 30m @ 5 g/t and 4m @ 9.1 g/t (1m) KRC0147 – 22m @ 4.7 g/t (39m) KRC0210 – 13m @ 7.9g/t (23m) KRC0211 – 15m @ 9.1g/t (16m) KRC0155 – 21m @ 3.95g/t (0m) KRC0153 – 39m @ 1.8g/t 1 8g/t (1m) KRC0172 – 16m @ 7.1g/t (61m) KRC0173 – 10m @ 2.1g/t (31m) KE2
Slide 20: Australasia Region: Far Southeast Project, Philippines
Australasia Region Far Southeast Project j - Philippines pp • World class deposit • One of the highest grade gold and copper porphyries h i • Significant exploration potential • Established infrastructure • Tarred access roads and existing power lines and substations • Proximity to Poro Point port f
Slide 21: Far Southeast Project, Philippines
Far Southeast Project Philippines pp • Initial 80,000m drill program underway • Resource definition drilling • Confirm the high grade zone Enargite • Exploration potential remains un-tested • 8 u/g rigs and 1 surface 1,,600m Drilling rig planned level • Targeting initial indicated Historic drill int
Slide 22: Arctic Platinum Project, Finland
Arctic Platinum Project Finland • Sleeper in Portfolio • 100% Gold Fields owned • ~12 Moz resource of 2PGE • ROVANIEMI • Au – Cu – Ni by-products circa 50% of Arctic Platinum Project revenue • Price deck tripled since 2003 feasibility FINLAND • Platsol - new metallurgical process HELSINKI • Bench B
Slide 23: Arctic Platinum Project, Finland
Arctic Platinum Project Finland (indicated) Suhanko North Tuumasuo Konttijarvi 45Mt 2 8Moz 2.8Moz 2.0g/t (2PE +Au) Plant site Niittylampi Cu - Ni Ah Ahmavaara Vaaralampi Little Suhanko Not estimated 116Mt 32Mt 5.5Moz 1.0Moz 1.5g/t (2PE +Au) 1.0g/t (2PE +Au) Feasibility on 12 Moz Resource in 2003 – S
Slide 24: Growth Portfolio: Greenfields and Brownfields Projects
Growth Portfolio Greenfields and Brownfields Projects j ~5.0 5 0 moz Target* Far Southeast Project Arctic Platinum Project Chucapaca p Project j Yanfolila Project South Deep Project Cerro Corona Oxides Project Argo - Athena Camp Camp, St Ives Damang Growth Project M i t i Current Maintain C t Operat
Slide 25: Conceptual Build-up to ~5 Moz p.a. by 2015
Growth Portfolio Conceptual p Build-up p To ~5 Moz p.a. p by y 2015 6 000 5 500 Impact of targeting NCE 500 - 1,000 eq Au oz* Annuaal Production (('000Koz) - Upgrade portfolio 5 000 - Widen NCE margin - Increase cash flow 200 - 300 eq Au oz* 4 500 400 – 600 2PGE + Au eq oz* 150 - 250 Au oz* 4 000 3
Slide 26: Conclusions: A Deep Value Opportunity
Conclusions A Deep p Value Opportunity pp y • Increasing margin per ounce • Growth portfolio developing rapidly • Global diversification accelerating • Growing free cash flow margin • Growing ounces per share • A leader in sustainability Towards being the global leader in sustainable gold mining 26
Slide 27: A Deep Value Opportunity
A DEEP VALUE OPPORTUNITY Investor Relations Willie Jacobsz Willi J b Senior Vice President Head of Investor Relations (office) 508 839-1188 ( bil ) 857 241 (mobile) 241-7127 7127 willie.jacobsz@gfexpl.com Nikki Catrakilis-Wagner Investor Relations Manager (office) +27 11 562 9706 (mobile) +27 83 309