Gold Fields Results
2021
20
Corporate
Final cash dividend
In line with the Company’s dividend policy, the Board has approved and
declared a final dividend number 95 of 260 SA cents per ordinary share
(gross) in respect of the year ended 31 December 2021. The final
dividend will be subject to the Dividend Withholding Tax of 20 per cent. In
accordance with paragraphs 11.17(a) (i) and 11.17(c) of the JSE Listings
Requirements, the following additional information is disclosed:
The dividend has been declared out of income reserves;
The gross local dividend amount is 260 SA cents per ordinary share for
shareholders exempt from dividends tax;
• The Dividend Withholding Tax of 20 per cent (twenty per centum) will
be applicable to this dividend;
• The net local dividend amount is 208 SA cents per ordinary share for
shareholders liable to pay the dividends tax;
• Gold Fields currently has 887,717,348 ordinary shares in issue; and
• Gold Fields’ income tax number is 9160035607.
Shareholders are advised of the following dates in respect of the final
dividend:
• Final dividend number 95: 260 SA cents per share;
• Last date to trade cum-dividend: Tuesday, 8 March 2022;
• Sterling and US Dollar conversion date: Wednesday, 9 March 2022;
• Shares commence trading ex-dividend: Wednesday, 9 March 2022;
• Record date: Friday, 11 March 2022; and
• Payment of dividend: Monday, 14 March 2022.
Share certificates may not be dematerialised or rematerialised between
Wednesday, 9 March 2022 and Friday, 11 March 2022, both dates
inclusive.
Gold Fields top SA-listed mining company in 2021
DJSI ranking
In November 2021, Gold Fields was ranked 3rd among 81 mining
companies assessed and 2nd among gold mining companies. Gold
Fields’ score was 81/100, more than double the industry average of 34
and just two percentage points behind the joint leaders, Canada’s Teck
Resources and Newmont Corporation of the US.
Gold Fields has consistently achieved a top five metals and mining
ranking in the DJSI since it started participating in 2011.
The 2021 DJSI scorecard measures a range of environmental, social
and governance (ESG) management practices through an annual
assessment of the world's 1,800+ largest companies. The DJSI
assessment is carried out by ratings agency Standard & Poor Global as
part of its annual Corporate Sustainability Assessment.
Gold Fields addresses environmental sanction
proceedings against Salares Norte project
In December 2021, Gold Fields was notified that Chile’s Environmental
Regulator (SMA) has begun sanction proceedings against the Salares
Norte project due to infringements in the process of relocating short-
tailed chinchillas residing in the project area.
The sanction proceedings will not impact the commissioning of the
Salares Norte mine in the Atacama region in northern Chile, due to be
completed in Q1 2023, as the mine and processing plant construction is
not taking place in an area of known chinchilla habitation.
The SMA halted the rescue and relocation programme carried out by
Salares Norte following the death of two of four chinchillas relocated in
October 2020.
Based on the scenario and risk assessment performed, we believe
Salares Norte has at all times sought to act responsibly and in line with
the process outlined in the project’s Environmental Qualification
Resolution (RCA).
Even though Salares Norte considers that it could possibly take some of
the charges presented by the SMA on review, Gold Fields accepts them
and will now submit a new compliance programme to the SMA for its
approval. The programme will propose a range of actions to strengthen
the process of capturing and relocating the chinchillas in line with RCA
requirements. These, we believe, will minimise the risk to the chinchillas
while at the same time ensuring the long-term continuity of the project.
The new compliance programme is being developed by our technical
and legal teams supported by independent environmental experts. Now
that the SMA has informed us of the infringements that serve as a basis
for its charges, we will incorporate the specific aspects so we can submit
the programme to the environmental authority, along with the required
background information, for approval.
We will also continue to contribute to strengthening the research and
enhance the scientific knowledge base about the chinchilla as part of
our long-term commitment to the conservation of the species and the
overall environmental well-being of the area.
Gold Fields announces 2030 ESG targets
In December 2021, Gold Fields published a comprehensive set of 2030
targets for its most material environmental, social and governance
(ESG) priorities.
The targets include a commitment to reduce its Scope 1 and 2 carbon
emissions by 30% on a net basis and by 50% on an absolute basis by
2030. As a signatory to the Paris Agreement on climate change,
Gold Fields is committed to Net Zero carbon by 2050.
The Company is also setting ambitious new goals for its water and
environmental stewardship, the management of its tailing facilities and
to creating value for its stakeholders, particularly host communities. For
its employees, Gold Fields is seeking to further improve safety, health
and well-being, and to achieve greater inclusion and diversity, by
targeting a 30% female workforce by 2030.
Gold Fields has therefore embedded ESG as one of the three pillars in
its strategy. The three pillars are:
• Maximise potential from current assets through people and innovation
• Build on our leading commitment to ESG
• Grow the value and quality of our portfolio of assets
Furthermore, Gold Fields has developed new Purpose and Vision
statements that reflect the strengthened commitment to ESG. The
new Vision, which replaces the previous commitment to leadership in
sustainable gold mining, is:
• To be the preferred gold mining company delivering sustainable,
superior value.
The Purpose Statement is:
• Creating enduring value beyond mining.
Gold Fields’ new ESG Charter is built on the substantive work that the
Company has carried out since 2016, including:
• Investing US$400m in energy projects, largely funded through power
purchasing agreements (PPAs), already ensuring that two of our
Australian mines are partially powered by renewable energies.
• Commencing the construction of a R715m solar power plant at South
Deep that will provide the mine with about a quarter of its power
requirements and save it over R120m a year in electricity costs. The
capacity of the plant has been increased from 40MW to 50MW.
• Raising the percentage of women in the workforce from 15% in 2016
to 21% at present.
• Ensuring that a significant amount of the value Gold Fields creates
remains with its communities through a focus on host community
employment and procurement.
• Limiting our impact on the environment by curtailing serious
environmental incidents, recycling over 70% of the water our
operations use in their processes and limiting freshwater usage by
our mines.