Directors: C A Carolus (Chair), N J Holland
†
** (Chief Executive Officer), P A Schmidt** (Chief Financial Officer), A Andani ,
#
P J Bacchus
†
, T P Goodlace, C E Letton^, P Mahanyele –Dabengwa, R P Menell. S P Reid^, Y G H Suleman
^Australian,
†
British,
#
Ghanaian, ** Executive Director
Company Secretary: A Weststrate
Gold Fields Limited
Reg. 1968/004880/06
150 Helen Road,
Sandown, Sandton,
2196
Postnet Suite 252
Private Bag X30500
Houghton, 2041
South Africa
Tel +27 11 562 9700
Fax +27 11 562 9838
www.goldfields.com
Investor Enquiries
Avishkar Nagaser
Tel
+27 11 562 9775
Mobile +27 82 312 8692
email
Avishkar.Nagaser@
goldfields.com
Thomas Mengel
Tel
+27 11 562 9849
Mobile +27 72 493 5170
email Thomas.Mengel@
goldfields.com
Media Enquiries
Sven Lunsche
Tel
+27 11 562 9763
Mobile +27 83 260 9279
email Sven.Lunsche@
goldfields.com
M E D I A R E L E A S E
GOLD FIELDS WELCOMES NERSA APPROVAL
OF SOUTH DEEP SOLAR PLANT
Johannesburg, 25 February 2021: Gold Fields Limited (Gold
Fields) (JSE, NYSE: GFI) welcomes the electricity generation licence
approved today by the National Energy Regulator of South Africa
(NERSA) for the construction of a 40MW solar power plant at its
South Deep mine.
The acting CEO of NERSA now has to authorise the license, a
decision that should be forthcoming over the next two weeks. All the
regulatory approvals to proceed with the project are then in place.
Gold Fields will update its definitive costings and finalise all the
required internal processes to commence the project as soon as
possible. The solar plant has the potential to provide around 20% of
South Deep’s average electricity consumption.
Says Nick Holland, Gold Fields’ CEO: “The solar power plant will
increase the reliability and affordability of power supply to South
Deep, ultimately enhancing the long-term sustainability of the mine.
“The approval of this licence sends a strong, positive message to
mining companies and their investors, potentially leading to
decisions being taken to sustain and grow mining operations in the
country, especially in deep-level, underground, marginal mines.
Enabling companies to generate their own power also gives Eskom
room to address operational issues at its power plants.”
Gold Fields’ energy objectives are based on four pillars – energy
must be reliable, available, cost-effective and clean – which promote
a shift to self-generation using renewable energy sources. “We are
fully committed to making our contribution towards net-zero
emissions,” says Holland.
During 2020, Gold Fields successfully implemented solar and wind
power plants, backed by battery storage, at two of its Australian
mines, Agnew and Granny Smith, and committed to renewables at
its other Australian mines, Gruyere and St Ives, as well as the
Salares Norte project in Chile when it starts operations in 2023. All
its other mines are also reviewing renewable energy options.