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PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2011
PROPERTY, PLANT AND EQUIPMENT |
9. | PROPERTY, PLANT AND EQUIPMENT
|  | December 31, 2011 |  |  | December 31, 2010 |  |  | June 30, 2010 |
Cost |  |  | 12,083.9 |  |  |  | 12,771.6 |  |  |  | 11,038.9 |
Accumulated depreciation and amortization |  |  | (5,067.1 | ) |  |  | (5,289.6 | ) |  |  | (4,399.2 | )
|  |  | 7,016.8 |  |  |  | 7,482.0 |  |  |  | 6,639.7 |
Mining properties, mine development costs, mine plant facilities and mineral interests |  |  | 6,021.3 |  |  |  | 6,940.4 |  |  |  | 6,396.1 |
Asset retirement costs |  |  | 112.3 |  |  |  | 108.2 |  |  |  | 94.1 |
Other non-mining assets |  |  | 883.2 |  |  |  | 433.4 |  |  |  | 149.5 |
|  |  | 7,016.8 |  |  |  | 7,482.0 |  |  |  | 6,639.7 |
Included in property, plant and equipment is cumulative capitalized interest, net of amortization, relating to the following assets: |  |  |  |  |  |  |  |  |  |  |  |
South African operations |  |  | 32.5 |  |  |  | 23.3 |  |  |  | 18.6 |
Tarkwa Mine |  |  | 14.4 |  |  |  | 15.9 |  |  |  | 16.6 |
Cerro Corona |  |  | 75.4 |  |  |  | 81.3 |  |  |  | 84.5 |
|  |  | 122.3 |  |  |  | 120.5 |  |  |  | 119.7 |
Depreciation of property, plant and equipment amounted to $745.3 million (six months ended December 31, 2010: $389.4 million; fiscal year ended June 30, 2010: $631.1 million). Fleet assets amounting to $80.7 million have been pledged as security for the $60 million senior secured revolving credit facility. On August 27, 2009, Gold Fields reached agreement with Morgan Stanley Bank to terminate, for A$308 million ($257.1 million), the royalty agreement between St. Ives Gold Mining Company Pty Limited, or St. Ives, and Morgan Stanley Bank’s subsidiaries. The terminated royalty agreement required St. Ives to pay a 4% net smelter volume royalty on all of its revenues once total gold produced from November 30, 2001 exceeded 3.3 million ounces which was triggered early in fiscal year ended June 30, 2009, and provided that if the gold price exceeded A$600 per ounce, to pay an additional 10% of the revenue difference between the spot gold price, in Australian dollars per ounce, and the price of A$600 per ounce. In fiscal year ended June 30, 2010, Gold Fields acquired, for cash, 100% of Glencar Mining Plc., or Glencar Mining, a company whose principal asset, and only defined resource, is the Komana project in Southern Mali, West Africa. The cash consideration paid was $43.0 million.

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- Definition The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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