Gold Fields Limited (formerly The Gold Fields of South Africa) is one of the world's largest
gold mining
Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surface ...
firms. Headquartered in
Johannesburg
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demo ...
,
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
, the company is listed on both the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE). The firm was formed in 1998 with the amalgamation of the gold assets of Gold Fields of South Africa Limited and
Gencor Gencor Ltd was a South African based mining company. It was formed in 1980 after the merger of the General Mining and Finance Corporation and the Union Corporation. Parts of the company are now owned by Gold Fields and BHP.
History
Gencor has it ...
Limited. The company traces its roots back to 1887, when
Cecil Rhodes
Cecil John Rhodes (5 July 1853 – 26 March 1902) was a British mining magnate and politician in southern Africa who served as Prime Minister of the Cape Colony from 1890 to 1896.
An ardent believer in British imperialism, Rhodes and his Br ...
founded Gold Fields of South Africa Limited. As of 2019, Gold Field was the world's eighth-largest producer of gold.
The company owns and operates mines in South Africa, Ghana, Australia and Peru. Growth efforts are focused mainly in the regions where it currently operates, and are mainly driven through brownfields exploration on its existing land positions and through mergers and acquisitions in the same regions.
Gold Fields' chairperson is Cheryl Carolus, and the CEO is Chris Griffith.
Board of directors
* Chairperson –
Cheryl Carolus
Cheryl Carolus (born 27 May 1958) is a South African politician. She was born in Silvertown, on the Cape Flats, Cape Town. Carolus became involved in politics while still at school and became an activist after joining the United Democratic Fro ...
[Gold Fields](_blank)
"Our History", Goldfields.com. Retrieved 20 February 2018.
Executive directors
*
Chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
(CEO) – Chris Griffith
*
Chief financial officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financ ...
(CFO) – Paul Schmidt
Operations
Australia
*
Agnew Gold Mine
*
St Ives Gold Mine
The St Ives Gold Mine is a gold mine located 20 km south-east of Kambalda, Western Australia. It is owned by the South African mining company Gold Fields.
As of 2022, it is one of four mines the company operates in Australia, the others b ...
*
Granny Smith Gold Mine
The Granny Smith Gold Mine is a gold mine south of Laverton, Western Australia near Mount Weld and operated by Gold Fields.
As of 2022, it is one of four mines the company operates in Australia, the others being the Agnew Gold Mine, St Ive ...
*
Gruyere Gold Mine
The Gruyere Gold Mine is a gold mine located east-north-east of Laverton. It is jointly-owned by the South African mining company Gold Fields, who manages the operation, and Australian company Gold Road Resources.
As of 2022, it is one of fo ...
: All the mines are located in Western Australia
Ghana
*
Tarkwa Gold Mine
: 4 km west of the town of
Tarkwa
Tarkwa is a town and is the capital of Tarkwa-Nsuaem Municipal district, a district in the Western Region southwest of South Ghana. Tarkwa has a 2013 settlement population of 34,941 people.
Economy
Mining
Tarkwa is noted as a centre of gold ...
*
Damang Gold Mine
: 30 km north of the neighbouring Tarkwa Gold Mine
*
45% of the Asanko Gold Mine
Peru
*
Cerro Corona Gold Mine
Cerro is Spanish for "hill" or "mountain".
Toponyms
;Bolivia:
* Cerro Rico, the "Rich Mountain" containing silver ore near Potosi, Bolivia
;Brazil:
* Cerro Branco, a municipality of Rio Grande do Sul
*Cerro Grande, Rio Grande do Sul, a municip ...
: The Cerro Corona Mine in Peru is in the highest part of the western Cordillera of the Andes Mountains in the north of the country.
South Africa
*
South Deep Gold Mine
In 2012, Gold Fields Limited unbundled its subsidiary, GFI Mining South Africa Proprietary Limited ("GFIMSA"), which was then renamed Sibanye Gold Limited ("Sibanye Gold"), and consisted of the KDC (formerly Kloof) and Beatrix mines, as well as an array of support service entities in South Africa. The three mines transferred from Gold Fields to Sibanye, later
Sibanye-Stillwater, were:
*
Beatrix gold mine
Beatrix is a Latin feminine given name, most likely derived from ''Viatrix'', a feminine form of the Late Latin name ''Viator'' which meant "voyager, traveller" and later influenced in spelling by association with the Latin word ''beatus'' or "bles ...
*
Kloof gold mine
*
Driefontein gold mine
Environment
In October 2001 a tailings dam ruptured at the company's Tarkwa Gold Mine in Ghana resulting in thousands of cubic metres of mine waste water spilling into the Asuman River and resulting in the death of significant marine life. While acknowledging the cyanide spill the company stated at the time that the spill did not affect human health or safety.
A further incident occurred in 2003 when water from an abandoned underground mine shaft, again at the company's Tarkwa Gold Mine, was identified as having seeped into the Asuman River sparking further fears of contamination.
In July 2012 the company was directed by the
Ghana Environmental Protection Agency to halt a gold-recovery plant at the Tarkwa Gold Mine because water discharged from the site required additional treatment.
Bibliography
* ''Gold Fields: A Centenary
Portrait
A portrait is a portrait painting, painting, portrait photography, photograph, sculpture, or other artistic representation of a person, in which the face and its expressions are predominant. The intent is to display the likeness, Personality type ...
'' by
Paul Johnson. Many black and white, colour plates of personnel and topography. Includes an image of Guy Carleton Jones, and refers to Consolidated Gold Fields and its subsidiary companies.
[Published by Weidenfeld and Nicolson (London) in 1987 with ]
References
External links
*
*
{{Authority control
Gold mining companies of South Africa
Companies based in Johannesburg
Companies listed on the New York Stock Exchange
Companies listed on the Johannesburg Stock Exchange