Gold Fields Limited · JSE:GFI
Gold Fields — Energy & Mines Perth September 2022
17 slides from Gold Fields's conference presentation, September 2022
Slide 1: Moving to 100% renewable energy in mining
Moving to 100% renewable energy in mining Energy & Mines Perth September 2022 James Koerting – Energy Manager
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: A Globally Diversified Gold Miner
A GLOBALLY DIVERSIFIED GOLD MINER Gold Fields Group Mines: 9 Projects: 1 Countries: 5 2021 att. production: 2.34Moz Listings: JSE, NYSE West Africa region Americas region Mines: Tarkwa, Damang, Asanko JV Mine: Cerro Corona (Peru) % Group production: 35% Project: Salares Norte (Chile) % Group product
Slide 4: Where we want to go! To be the preferred gold mining company
Where we want to go! To be the preferred gold mining company, delivering sustainable, superior value. Why we exist Creating enduring value beyond mining Dur (Values How we behave while we execute our strategy 2 % = = ¥ a safety Integrity respect responsibility innovation _ collaborative delivery
Slide 5: Gold Fields in Australia our journey so far
Gold Fields in Australia our journey so far A$110m investment in renewables - 12% regional net emissions reduction Granny Smith Agnew Gruyere • 8MW solar, 2MW/1MWh BESS, 35MW • 18MW wind, 4MW solar, 13MW/4MWh • 12MW solar, 4.4MW/4.4MWh BESS, gas, 5MW diesel BESS, 18MW gas, 3MW diesel 53MW gas, 3MW d
Slide 6: Gold Fields GHG emissions profile 2030
Gold Fields GHG emissions profile 2030 Impact of “core” initiatives (kt CO2e) Net emissions reduction of 30% by 2030 only possible with series of transitionary abatement initiatives to offset further emissions increases due to anticipated growth in gold production -54% 2395 31 264 702 759 120 55 26
Slide 7: Conceptual pathway to net zero by 2050
Conceptual pathway to net zero by 2050 Clean electricity to account for 2/3rd of targeted emissions reductions by 2050 1.8 Target 100% Clean Electricity (~2/3rd of current Scope 1 + 2 emissions) • Target > 70% green • Target 100% green plus export opportunities • Leverage disruptive technologies, bu
Slide 8: Strategy for Gold Fields' Australian operations
Strategy for Gold Fields’ Australian operations Absolute 50% emissions reduction by 2030 against a 2016 baseline, potentially requiring A$900m in capital over eight years AGNEW ST IVES 21MW 18MW Wind Plant 13MW Gas/Diesel Plant BESS Waroonga New Holland Capex $160m Redeemer Invincible Capex $350m Ha
Slide 9: Key technical challenges for moving to a zero-carbon power solution
Key technical challenges for moving to a zero-carbon power solution Ensuring supply security when thermal engines off and power from only renewables Voltage Frequency SCR AGNEW ST IVES Fault Levels 40MW 60MW Wind Plant 50MVA 4MW 13MW/4MWh 21MW 18MW Wind Plant 30MW/30MWh 32MW Solar Plant Synchronous
Slide 10: Installed renewable generation vs load
INSTALLED RENEWABLE GENERATION VS LOAD 120 100 80 MW 60 40 20 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Solar Generation (MW) Wind Generation (MW) Mine Load (MW) 10
Slide 11: Plotting the renewable resource
PLOTTING THE RENEWABLE RESOURCE 30,000 25,000 20,000 MWh 15,000 10,000 5,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Solar Resource (MWh) Wind Resource (MWh) Mine Load (MWh) 11
Slide 12: Usable energy after curtailment
USABLE ENERGY AFTER CURTAILMENT 30,000 25,000 20,000 MWh 15,000 10,000 5,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Actual Solar (MWh) Actual Wind (MWh) Mine Load (MWh) 12
Slide 13: Firm power
FIRM POWER 30,000 25,000 20,000 MWh 15,000 10,000 5,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Actual Solar (MWh) Actual Wind (MWh) Storage (MWh) Diesel (MWh) Mine Load (MWh) 13
Slide 14: Translating capacity to usable energy
TRANSLATING CAPACITY TO USABLE ENERGY 80,000 70,000 60,000 50,000 MWh 40,000 30,000 20,000 10,000 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Solar Generation Wind Generation Solar Resource Wind Resource Solar Wind Storage Diesel Mine Load 14
Slide 15: Developing the business case: Li Storage
Developing the business case: Li Storage PROJECT CAPITAL vs REF % $410m 80MW PV $390m 50MWh Li 75MW PV 40MWh Li 70MW PV 30MWh Li $370m 65MW PV 50MWh Li Project Capital ($m) 40MWh Li 55MW PV $350m 30MWh Li 50MW PV $330m 45MW PV 20MWh Li 30MW PV 40MW PV 35MW PV $310m $290m $270m 86% 87% 88% 89% 90% 91
Slide 16: Developing the business case: Financial models for 100% renewable energy mining
Developing the business case: Financial models for 100% renewable energy mining • WACC (risk premium, Traditional Renewable Cost element Sensitive to inflation adjustments) Thermal 90% REF LOM UPSIDE Capex Cost of capital 56% 85% • Debt/equity ratios Operating CPI 20% 3% • Project finance Fuel Oil &
Slide 17: Thank you
KEY MILESTONES DATE THANK YOU Questions? Moving to 100% renewable energy in mining | E&M Perth 2022 | James Koerting 17