Slide 1: Development in the Mining Industry in Ghana
Development in the Mining Industry in Ghana ALFRED BAKU EVP and Head of Gold Fields West Africa November 2020
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: Presentation Outline
Presentation Outline Mining in Ghana Gold Fields Operations in Ghana 27 Years Journey Top 5 Sustainability Priorities Mining Regulations in Ghana Local content and HR Localisation 2019 Awards and Recognition Development in the Mining Industry in Ghana | Alfred Baku | November 2020 3
Slide 4: Gold Mining in Ghana
Gold Mining in Ghana Ghana’s mining and quarrying 2018 2019f 2020f 2021f 2022f 2023f sectors contribution to domestic Mining Industry Value US$bn 5.97 6.85 7.74 8.50 8.74 8.92 tax receipts increased from Gold Mine Production moz 4.08 4.18 4.26 4.43 4.61 4.75 14.2% in 2018 to 18.3% in 2019 Real GDP g
Slide 5: 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 6: 27 Years in Ghana: Our Journey So Far
27 Years in Ghana OUR JOURNEY SO FAR Development in the Mining Industry in Ghana | Alfred Baku | November 2020 6
Slide 7: Top 5 Sustainability Priorities
Top 5 Sustainability Priorities Safety and Energy and Integrated Mine Water Societal Health Climate Change Closure Stewardship Acceptance •Prioritisation of •Contain energy •Integrated •Security of supply •Build strong safety costs approach to mine •Water efficiency relationships with •Safety leader
Slide 8: Mining Regulations in Ghana
Mining Regulations in Ghana The mining industry in Ghana is regulated at the national level via mining and related laws together with direct investment agreements with individual mining companies. The principal laws that regulate the mining industry include: • The 1992 Constitution, the Minerals Com
Slide 9: Local Content
Local Content 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. • The Regulations were enacted pursuant to the Minerals and Mining Act 2006 (Act 703). 2. Location Plan • Submis
Slide 10: Human Resources Localisation
Human Resources Localisation From 2012 to date 2020 Another 42% reduction from 19 expatriates in 2018 to 11 in 2020. Current localisation rate is 2.6%, 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 3
Slide 11: 2019 Awards and Recognition
2019 Awards and Recognition Development in the Mining Industry in Ghana | Alfred Baku | November 2020 11
Slide 12: Thank you
Thank you Kemmis Fievos