Gold Fields Limited · JSE:GFI
Gold Fields — Future Mining Conference - 120th Anniversary Wits Mining School 2017
47 slides from Gold Fields's conference presentation, Mar 23, 2017
Slide 1: The Gold Mining Company of the Future
Future Mining Conference The Gold Mining Company of the Future Nick Holland CEO of Gold Fields 120th Anniversary Wits Mining School - 23 March 2017 Presentation at www.goldfields.com Oi PER) 2 oe
Slide 2: Strategic plan 2016-2025
ESF iccos My Strategic plan | 20/f — 2025
Slide 3: Gold Fields founded 1887, 130 years old
Gold Fields founded 1887, 130 years old (Same age as Johannesburg) 1929 Interests in 25 countries around the world 1931 Gold Fields discovers WestWits gold deposits — Kloof and Driefontein follow 1998 GFSAmerged with Gengold — modern Gold Fields started 2006 South Deep acquisition 2013 Unbundling of
Slide 4: Long-standing relationship between Wits Mining School and Gold Fields
Long-standing relationship between Wits Mining School and Gold Fields 2010: R1i8m three-year sponsorship. Benefits continue to date: - Gold Fields Engineering Library - Rock Engineering Lab - Paskalia Neingo — was a Gold Fields associate lecturer, now full-time lecturer Before Sibanye-split: - >150
Slide 5: Gold Fields today
196000060666 F BOVE 5EOO TUG Gold Fields today FINLAND @ Arctic Platinum =! re PHILIPPINES Yall Far Southeast < f Accra GHAN. 1 Tarkwa @ Damang Johannesburg SOUTH AFRICA @ South Deep Perth ™@ Agnew/Lawlers @ Stlves ® Darlot ®@ Granny Smith @ Gruyere @ Mines A Regionaloffices @ Corporateoffice J Proj
Slide 6: The industry is still relevant
jg still relevant mm ra The industry
Slide 7: Industry challenges: geological inflation and costs
Geological inflation is driving Today it takes an average of 18 years from The average grade of gold mined has double-digit cost inflation discovery to first production versus 10 fallen 3% p.a. since 2000 years a decade ago Clashes with local communities Governments want greater The gold price has d
Slide 8: The industry is still relevant
The industry is still relevant 2014 data - US$284M invested in socio- economic development + Significant infrastructure spend on education, road, power and water facilities + Focus on healthcare (e.g HIV/AIDS, TB, malaria) 2014 WGC - About 4M People employed (1M directly) + 90% Local employees + 3-1
Slide 9: Still an industry worth investing in
Still an industry worth investi Supply and demand fundamentals HOO Exploration Average reserve life Cost reductions Mining inflation Secondary spending down has declined mostly implemented stabilsed supplies set to rise Demand Growth of Chinese and New Chinese Investment Protection Central banks Ind
Slide 10: The mine of the future
The mine of the FUTURE 60800 Operating practices Talent focus Partnerships Responsibility and technology and leadership and transparency
Slide 11: The operating challenges facing gold mines
The operating challenges facing gold mines 00000 Embracing digital mining Mining on demand Converting from conventional Improving economics of Embracing energy and water mining to mechanisation & low-grade and residual efficiencies to reduce impact automation ore bodies on the environment
Slide 12: Slide 12
Slide 13: Control room
| Control room
Slide 14: What we are doing
Slide 15: Our Technology and Innovation Strategy
Our Technology and Innovation Strategy Gold Fields’ Technology and Innovation Strategy rN Grow Mineral Reserve Life - Delivering = w Halve mineral discovery future mine Se cost and cycle time from (>seven years) | [tag discovery to development = handover Transformational Phase (five — seven years) z
Slide 16: Partnering with OEMs
Partnering with OEMs Partnerships with Original Equipment Manufacturers will become increasingly critical to: - Harness best-of-class technologies - Gain access to products with various levels of automation - Access to autonomous solutions for support equipment + Pursue contractor mining, where this
Slide 17: Drones at St Ives, Australia
Drones at St Ives, Australia Fleet of drones equipped with cameras and sensors Enables: - Using drones as front-end of exploration - Drone sensors pick up different magnetic fields that define ore bodies (previously took month of geologist scouting the tenements) - Drones can also scan difficult ter
Slide 18: 3D Visualisation at South Deep
3D Visualisation at South Deep Partnership with Cyest + Determining the mine's full value chain capacity - Assist in the development of improvement initiatives - Develop an advanced 3D model of the mine Solutions applied at South Deep: - Discreet event simulation » Carbon 14 - Modeling the interacti
Slide 19: Remote rock breaking at South Deep
Remote rock breaking at South Deep - After blasting rocks are transferred to the ore pass system - Ahydraulic arm is used to break the rock — too dangerous to do it manually - The hydraulic arm is controlled from surface
Slide 20: Big Data - Telemetry UG at South Deep
Big Data - Telemetry UG at South Deep - Telemetry nodes have a 100m radius — connects via WiFi to the fibre network at stope entrance - Enables wireless connection to equipment and sensors Transmit large amount of real time data from 3km UG to surface and enables: - Sending signal to workers in case
Slide 21: St Ives Connected Mine
St Ives Connected Mine - Drones provide real-time data of truck movement » Trucks are equipped with specific IDs - Fleet management control from pit office
Slide 22: Granny Smith Remote Loading
Granny Smith Remote Loading - Fibre-optic infrastructure installed at all mines - Surface remote loading of stopes — around blasting times - Increases production output, worker safety and reduce downtimes between shifts - Future: Independent guidance of loaders from stockpiles to stopes - Control of
Slide 23: South Deep's mechanisation journey
ee SZ j ‘ Fees Ce: = ~~ _—— South Deep's mechanisation journey
Slide 24: Challenges
Slide 25: South Deep challenges
World's second largest gold ore body i Shortage of necessary skills in South Africa Difficult geology with complex ore formations Optimisation of machines and technology Limited global experience of deep-level mechanised gold mining > Safety of current mining operations
Slide 26: What we are doing
Slide 27: US$1Bn investment at South Deep
US$ 1Bn Investment in world-class infrastructure exe) Investment in machinery and technology Skills training and recruitment QF Leveraging of global expertise Rebasing the mine for mechanised mining a ‘e Large-scale destress mining
Slide 28: The outcome
~ The outcome
Slide 29: Last mine standing in SA gold sector
Last mine standing in SA gold sector > Skilled workforce Safer operations Engaged employees and communities Low-cost long life gold production Technology leader in: Ultra-deep, mechanised gold mining
Slide 30: How our people will be working in the future
How our people will be working in the future Operators - Automated machinery requiring specialists - Real-time, mine-wide information available for decision making + Skills development for local community members Supervisors - Skilled technology and IT specialists - Control room operators - Remote m
Slide 31: CEO of the future
CEO of the future
Slide 32: Mining company of the future, CEO of the future
Mining company of the future CEO of the future + Greater operational accountability devolved + Collaborative decision maker to mine site + Influencer and coach + JVs with other mining companies + Integrated thinker and manager + Work with OEMs and tech companies + Intensive stakeholder focus + Portf
Slide 33: Upcoming meetings
Upcoming meetings 8:00 AM Monday Tuesday Wednesday Agenda Agenda Agenda 8:30 AM 9:00 AM 9:30 AM 10:00 AM 10:30 AM 11:00 AM 11:30 AM 12:00 AM 12:30 PM 1:00 PM 1:30 PM Thursday Activists OEM and a id 2:00 PM Portfolio of mines 2:30 PM technology partners 3:00 PM 3:30 PM 4:00 PM A-2N DAA
Slide 34: Partnerships
Partnerships
Slide 35: Partnerships that will shape the future mine
_ 4 Mining company Local communities em Other mining company Employees @_ Finder File Ede View Go Window Partnerships that will shape the future mine
Slide 36: New partnership models
New partnership models Government 1ELDS Mining company Other mining company Local communities Employees
Slide 37: Government: what we offer
Government What we offer: - Payment of taxes and royalties - Contributing equity position - Infrastructure PPP - Job creation and skills development
Slide 38: What the partners provide
What the partners provide: - Competitive investment environment - Regulatory consistency and stability - Basic infrastructure and support (education, health, utilities)
Slide 39: Benefits of partnership: other mining companies
Benefits of partnership: - Diversification of technical risks and sharing of technical know-how « Shared financial burden and risks - Reduction of costs and overheads Ae - Creation of economies of scale Other mining companies
Slide 40: Communities: what we offer
What we offer: - Employment and skills development - Greater shared value - Local infrastructure PPP Communities
Slide 41: What the partners provide
What the partners provide: - Social license to operate - Stable local business environment - Provision of procurement and services
Slide 42: Community investment around South Deep
* Community investment around South Deep and labour-sending areas totalled R57m in 2016 - Includes spending by South Deep’s three community trusts - Working in alliance with Sibanye Gold in Westonaria - Establishing development roundtable with community NGOs and local government - Two-thirds of spen
Slide 43: Responsibility and transparency
Responsibility and transparency
Slide 44: On the Board's agenda
Slide 45: Commitment to transparency and accountability
Commitment to transparency and accountability Operational transparency Corporate Governance Integrated thinking Transparent reporting Investors will require real-time data More stringent standards and Entrenching integrated Adherence to sustainability and transparent cost and earnings transparent pa
Slide 46: Frameworks we adhere to
Frameworks we adhere to: \ Global Reporting Initiative oBAL Co @: United Nations wer’ Global Compact ICMM International Council on Mining & Metals EIT! Extractive Industries Transparency Initiative ESIFRS INTEGRATED REPORTING ‘IRD
Slide 47: The Gold Mining Company of the Future
Future Mining Conference The Gold Mining Company of the Future Nick Holland CEO of Gold Fields 120th Anniversary Wits Mining School - 23 March 2017 Presentation at www.goldfields.com Oi PER) 2 oe
Gold Fields — Future Mining Conference - 120th Anniversary Wits Mining School 2017 on 6ix