IN THIS SECTION
Integrated reporting

 

Integrated reporting

This Integrated Annual Report provides an overview of Gold Fields eight global operations on a Group and mine-by-mine basis. The report also describes our exploration and business development activities. We do this using an ‘integrated’ approach to reporting that examines our operational, sustainability and financial performance together.

The aim of our integrated approach is to enable investors and other stakeholders, including host governments, local communities and our employees, to make a better informed assessment of the value of Gold Fields – and our ability to flourish in the new growth environments of tomorrow.

In recognition of the integrated nature of our operational and sustainability performance, we examine these themes in Section 1 of the report. Section 2 of the report fulfils our statutory financial reporting requirements.

Gold Fields is one of the world’s largest unhedged producers of gold with attributable annualised production of 3.5 million gold equivalent ounces from eight operating mines in Australia, Ghana, Peru and South Africa. Gold Fields also has an extensive and diverse global growth pipeline with four major projects in resource development and feasibility, with construction decisions expected in the next 18 to 24 months.

Gold Fields has total attributable gold equivalent Mineral Reserves of 76.7 million ounces and Mineral Resources of 225.4 million ounces. Gold Fields is listed on the JSE Limited (primary listing), the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).

About this report

We believe this Integrated Annual Report, together with additional documents held online, represents an A+ application of the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines. Our auditors, KPMG, have provided independent assurance (p185) on selected sustainability information (p189) as well as our A+ self-declaration.

This Integrated Annual Report also forms part of our Communication on Progress to the United Nations Global Compact. A summary of our compliance with the GRI and the 10 Principles of the United Nations Global Compact – as well as related standards including the Millennium Development Goals (MDGs) and the International Council on Mining & Metals (ICMM) ten principles – is presented online.

Coverage

This Integrated Annual Report covers the six months period to end- December 2010. However, to reflect the fact that Gold Fields has changed its financial year-end from end-June to end-December, the front section of this Integrated Annual Report (excluding the statutory financial report) will often refer to statistics and developments in the 2010 calendar year (the 12 months ended 31 December 2010), referred to as ‘C2010’.

Any reference to the current financial year (the year to end-December 2011) will be referred to as ‘C2011’.

The previous four financial years will be demarcated as follows:

  • The six months ended 31 December 2010
  • F2010: The 12 months ended 30 June 2010
  • F2009: The 12 months ended 30 June 2009
  • F2008: The 12 months ended 30 June 2008 Our previous Annual Report was for the 12 months ended 30 June 2010.;

Our previous Annual Report was for the 12 months ended 30 June 2010.