‘ Akwaaba ’ - Welcome Gold Fields West Africa Alfred Baku Executive Vice President and Head of Region 17 May 2015
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 to the Damang Exploration Target Statement; the Far Southeast Exploration Target Statement; commodity prices; demand for gold and other metals and minerals; interest rate expectations; exploration and production costs; levels of expected production; Gold Fields ’ growth pipeline; levels and expected benefits of current and planned capital expenditures; future reserve, resource and other mineralisation levels; and the extent of cost efficiencies and savings to be achieved. Such forward looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward looking statements. Such risks, uncertainties and other important factors include among others: economic, business and political conditions in South Africa, Ghana, Australia, Peru and elsewhere; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions, exploration and development activities; decreases in the market price of gold and/or copper; hazards associated with underground and surface gold mining; labour disruptions; availability terms and deployment of capital or credit; changes in government regulations, particularly taxation and environmental regulations; and new legislation affecting mining and mineral rights; changes in exchange rates; currency devaluations; the availability and cost of raw and finished materials; the cost of energy and water; inflation and other macro-economic factors, industrial action, temporary stoppages of mines for safety and unplanned maintenance reasons; and the impact of the AIDS and other occupational health risks experienced by Gold Fields ’ employees. These forward looking statements speak only as of the date of this document. Gold Fields undertakes no obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events. Gold Fields West Africa - Introduction | Alfred Baku | 17 May 2015 2
Gold Fields West Africa Regional Leadership Team Alfred Baku – EVP & Head of West Africa • Over 20 years of international mining experience in Ghana and Australia • Worked as General Manager of both the Tarkwa & Damang mines • Holds an MSc in Mining Engineering and a Statutory Mine Manager’s certificate • Member of the Australian Institute of Mining Metallurgy (AusIMM) Lindley Witbooi - VP & Head of Finance • Over 15 years Finance experience in the mining industry • Holds an MBA and B.Comm (Accounting) • Member of various accounting bodies in both South Africa & Australia Mubashir T Dari - VP & Head of HR • Joined Gold Fields HR in 2002 and has undertaken various senior roles • Previously worked as a private legal practitioner • Chaired the HR Committee of the Ghana Chamber of Mines from 2006 - 2008 Gold Fields West Africa - Introduction | Alfred Baku | 17 May 2015 3
Gold Fields West Africa Regional Leadership Team Michiel van der Merwe - General Manager, Tarkwa Gold Mine • Responsible for Tarkwa Mine’s overall strategic direction, leadership and management • Over 19 years experience in mining and metallurgy • Holds a B.Eng Metallurgy (Extractive) Marcus Brewster – General Manager, Damang Gold Mine • Responsible for Damang Mine’s overall strategic direction, leadership and management • Over 10 years expertise in development and implementation of best practice Mineral Resource Management, Safety and Environmental systems delivery & project management • Holds Masters Degrees in both Mining Geology & Mining Engineering David Johnson - VP & Head of Stakeholder Relations • Responsible for Corporate Affairs and Sustainable Development functions • Over 10 years corporate communication experience • Holds an MSc in Corporate Communications & Public Relations Michael Akafia – VP & Head of Legal, Company Secretary • Responsible for regional compliance • Multi-disciplinary background in Law, Economics and Finance • Over 15 years legal experience • Holds an MBA and is a member of the Ghana Bar Association Gold Fields West Africa - Introduction | Alfred Baku | 17 May 2015 4
Gold Fields West Africa Regional Leadership Team Serge Nitiema - VP Exploration & Business development • Responsible for the Organic Growth & Business Development initiatives within the Region. • Over 23 years experience in the mining industry • Joined Gold Fields in 2007 • Holds a PhD in Structural Geology applied to Minerals Exploration Hans de Beer – VP & Head of Engineering • Strategically positioning the Engineering function to achieve world class technical standards • Joined Gold Fields Ghana as Chief Engineer in 2006 • Registered as a Professional Engineer with the Engineering Council of South Africa Balaji Subrahmanyan - Head of Mining • Focus is to set West Africa up as a cost-effective world class mining operation, instrumental in establishing a modern approach to planning and scheduling system • Previously held the position of Group Mining Engineer at Gold Fields Group Technical Services Kevin Butler – VP & Head of Supply Chain • Responsible for procurement & supply chain functions in West Africa • Over 20 years experience in Supply Chain Management • Joined Gold Fields in 2011 as regional supply chain manager Gold Fields West Africa - Introduction | Alfred Baku | 17 May 2015 5
Ghana Site Visit - Itinerary DATE ACTIVITY TIME DATE ACTIVITY TIME 17 May Group Dinner & Regional Overview 19h30 Depart Tarkwa to Damang 06h30 Best Western Hotel Breakfast at Damang 07h30 Fly to Takoradi – travel to Tarkwa 06h00 Presentation and Safety Briefing 08h00 Drive from Takoradi to Tarkwa 08h20 Town Site Club House Introduction of team and safety briefing 09h30 Plant visit 09h30 Overview of Tarkwa operations 10h00 Visit to Mining Operations – update on 10h30 19 May Mining &Exploration Finger lunch 11h30 18 May Light lunch – finger food 12h30 Mine tour: - CIL Plant visit 13h00 Drive to Takoradi 13h30 - HME workshop visit – HME 14h00 Fly to Accra 16h55 - Pit Tour 15h00 - Exploration site 16h30 Freshen up - Best Western Hotel 18h30 Wrap – up & change PPE 17h30 Dinner with Board Members 19h00 (Il Cavaliere Pazzo - Italian Restaurant) Freshen up & allocation of accommodation 18h00 Dinner with HOD Team (Pool Side, Tarkwa 19h00 Depart to Airport 20h30 Mine) 6
Gold Fields West Africa History of mining in Ghana • Long history of mining, especially for gold • Gold from West Africa traded to Europe at least as early as the 10 th century • Most of this gold came by Sahara caravan, one of the original sources being the Ghana empire • Major minerals currently being mined in Ghana are gold, diamonds, bauxite and manganese • Ghana’s mining industry accounts for 5% of the country’s GDP • Minerals make up 37% of total exports, of which gold contributes 90% Source: Minerals Commission, Ghana Gold Fields West Africa - Introduction | Alfred Baku | 17 May 2015 7
Gold Fields West Africa Ghana - Political Overview Ghana John Dramani Mahama Nana Akuffo Addo Sitting President seeking Contested results of last 2nd term in 2016 election in Supreme Court Growth in FDI • IMF bailout • Economically savvy • Reduce wage bill Political stability • Business oriented • Remove subsidies • Social Intervention Power still a major challenge (e.g. on fuel) (free senior high Gold a major foreign exchange earner • Infrastructure focus school policy) • Promise of reforms Next general elections – December 2016 Gold Fields West Africa - Introduction | Alfred Baku | 17 May 2015 8
Gold Fields West Africa 2014 Macroeconomic Performance Performance of the GHS against major currencies 13% Inflation Rate (Dec) 17% US$/GHS Performance: 12.10% Mining & Quarrying Subsector Growth Rate 6.90% Overall Fiscal Budget Deficit 8.80% (% of GDP) 9.50% 7.10% GDP Growth Including oil 6.90% Monetary Policy Rate 19% 0% 5% 10% 15% 20% Target Actual 2015 Macroeconomic Indicators Indicator Actual Target Inflation rate 16.6% (Mar 2015) 13% ± 2% After a period of stability, the GHS BoG policy rate 22% (May 2015) n/a continues to depreciate against major Overall GDP Growth (incl. oil) 3.5%* 3.9% currencies. Fiscal Budget Deficit 9.5% of GDP** 6.5% of GDP (2015) Over 12% depreciation against the US$ in * IMF World Economic Outlook (WEO) Update (April 2015) Q1 2015 ** 2014 Actual Gold Fields West Africa - Introduction | Alfred Baku | 17 May 2015 9
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