JSE: GFI
NYSE: GFI
SIX: GOLI
Headquarters:
South Africa
Sector:
Precious Metals
Government Ownership:
No State Ownership
Pre-tax Revenues (in BUSD):
2.75 (31/12/2016)
Number of employees:
8,964 (31/12/2016)
Number of workers
(employees + contract workers):
not reported
Company-reported mining worker fatalities:
  • 2015 |
    Employees: 2Contractors: 2
  • 2016 |
    Workers: 1
Home countries, where the company is headquartered
Producing countries, where the company has mining operations
Mine sites selected for mine-site-level assessment

Summary Results

Gold Fields is one of the ten strongest performing companies for Community Wellbeing and Working Conditions. In contrast to many companies, Gold Fields’s best results in Community Wellbeing relate not to its policy commitment on human rights (as no evidence was found of measures to operationalise this commitment) but to its attention to three issues for which other companies show limited evidence of action. These are: (i) assessing the rights, needs and interests of Indigenous Peoples and developing strategies and plans to respect these; (ii) assessing the potential impacts of physical or economic displacement of project-affected people and developing plans to avoid, minimise and mitigate negative impacts; and (iii) systematically tracking and reviewing the quality of its relationships with affected communities.

In Working Conditions, Gold Fields’s strongest performances relate to occupational health and safety: the company has made a formal commitment to provide a safe and healthy working environment and shows evidence of systematic tracking of its performance on this issue.

Gold Fields’s overall results across all issues are limited by a lack of evidence of the company having adopted a lifecycle management approach to consider and address its social and environmental impacts throughout all phases of its operations. For example, no evidence was found of the company having systems for applying socio-economic and environmental criteria during investment decision-making or for integrating environmental and social issues into its decision-making on mergers and acquisitions.

Economic Development

0.167 / 1.000

Business Conduct

0.405 / 1.000

Lifecycle Management

0.070 / 1.000

Community Wellbeing

0.383 / 1.000

Working Conditions

0.564 / 1.000

Environmental Responsibility

0.380 / 1.000

The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.

All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.

Relative company performance

Commitment (11 indicators)

Action (41 indicators)

Effectiveness (21 indicators)

1.000 = aggregation of best scores for all indicators of this measurement area.

Indicator-by-indicator results

Economic Development

Selected Mine sites results

Mine sites individually assessed but not included
in the overall company score

Mine Site NameLocal Procurement (score /6.00)Local Employment (score /6.00)Community grievance mechanism (score /6.00)Workers grievance mechanism (score /6.00)Water quality and quantity (score /6.00)Biodiversity management (score /6.00)Mine site (score /6.00)
Cerro Corona2520201.83
Damang1200200.83
South Deep5420202.17
Tarkwa1300301.17

List of all mine sites

Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
AgnewLawlers, Waroonga, New HollandAustralia100GoldUnderground
Cerro CoronaPeru99.53Copper, GoldOpen-pit
DamangGhana90GoldOpen-pit
DarlotAustralia100GoldOpen-pit, Underground
Granny SmithGoanna, Windich, Keringal, Sunrise, Wallaby, YilgarnAustralia100GoldOpen-pit, Underground
South DeepUncle HarrySouth Africa90GoldOpen-pit, Underground
St IvesCave Rocks, Belleisle, LeviathanAustralia100GoldOpen-pit, Underground
TarkwaAbontiakoonGhana90GoldOpen-pit

Main Shareholders

As of: 09/02/2018Shares (%)
BlackRock Institutional Trust Company, N.A.12.07
Public Investment Corporation Limited7.84
Allan Gray Proprietary Limited7.02
Van Eck Associates Corporation6.06
Dimensional Fund Advisors, L.P.4.94
The Vanguard Group, Inc.3.19
Gold Fields Ltd. - Share Trust1.65
APG Asset Management1.15
Newton Investment Management Ltd.0.99
TOBAM0.53
Norges Bank Investment Management (NBIM)0.51
Wellington Management Company, LLP0.46
Prudential Portfolio Managers (South Africa) (Pty) Ltd0.46
Ruffer LLP0.45
California Public Employees' Retirement System0.43

Known Subsidiaries

As of: 31/12/2016Country
Abosso Goldfields LimitedGhana
Agnew Gold Mining Company (Pty) LimitedAustralia
Agnew Holding Company (Pty) LimitedAustralia
Darlot Holding Company (Pty) LimitedAustralia
Darlot Mining Company (Pty) LimitedAustralia
GFI Joint Venture Holdings Proprietary LimitedSouth Africa
GFL Mining Services LimitedSouth Africa
Gold Fields Australasia (BVI) LimitedBritish Virgin Islands
Gold Fields Australia (Pty) LimitedAustralia
Gold Fields Corona (BVI) LimitedBritish Virgin Islands
Gold Fields Ghana Holdings LimitedBritish Virgin Islands
Gold Fields Ghana LimitedGhana
Gold Fields Group Services Proprietary LimitedSouth Africa
Gold Fields Holdings Company (BVI) LimitedBritish Virgin Islands
Gold Fields International Holdings BVNetherlands

Known Tax Jurisdictions

AustraliaBritish Virgin IslandsGhanaNetherlandsPeruSouth Africa

Recent involvements in Investor/State investment disputes (since 2014)

No case

Disclaimer

The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.

This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.

The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.

It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.

Although every effort has been made to verify the accuracy of translations, the English language version should be taken as the definitive version. The RMI reserves the right to publish corrigenda on its web page, and readers of the 2018 RMI report should consult the web page for corrections or clarifications https://www.responsibleminingindex.org.