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Short-Term and Long-Term Loans - Additional Information (Detail)
 6 Months Ended 12 Months Ended 6 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 6 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended 6 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2010
USD ($)
Dec. 31, 2011
USD ($)
Jun. 30, 2010
USD ($)
Jun. 30, 2009
USD ($)
Dec. 31, 2011
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 31, 2010
Collateralized
Mvelaphanda Resources Limited
Dec. 31, 2010
Collateralized
Split tenor revolving credit facility
USD ($)
Dec. 31, 2011
Collateralized
Split tenor revolving credit facility
USD ($)
Jun. 30, 2010
Collateralized
Split tenor revolving credit facility
USD ($)
Jun. 30, 2009
Collateralized
Split tenor revolving credit facility
USD ($)
May 16, 2007
Collateralized
Split tenor revolving credit facility
USD ($)
May 26, 2011
Collateralized
Split tenor revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2010
Collateralized
Split tenor revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2008
Collateralized
Split tenor revolving credit facility
Gold Fields Operations
USD ($)
Apr. 30, 2008
Collateralized
Split tenor revolving credit facility
364-Day Revolving Credit
USD ($)
May 16, 2007
Collateralized
Split tenor revolving credit facility
364-Day Revolving Credit
USD ($)
May 15, 2009
Collateralized
Split tenor revolving credit facility
364-Day Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2008
Collateralized
Split tenor revolving credit facility
364-Day Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
May 15, 2009
Collateralized
Split tenor revolving credit facility
364-Day Revolving Credit
Gold Fields Operations
USD ($)
Apr. 30, 2008
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Dec. 31, 2011
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
May 16, 2007
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
USD ($)
Jun. 22, 2011
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Mar. 22, 2011
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Aug. 31, 2010
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 31, 2010
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2009
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2008
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 31, 2011
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2011
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Oct. 08, 2010
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Orogen Investments SA (Luxembourg)
USD ($)
Sep. 30, 2009
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Gold Fields Operations
USD ($)
May 15, 2009
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Gold Fields Operations
USD ($)
Jun. 30, 2008
Collateralized
Split tenor revolving credit facility
5 Year Revolving Credit
Gold Fields Operations
USD ($)
Dec. 31, 2011
Collateralized
Syndicated revolving loan facility
Jun. 30, 2010
Collateralized
Syndicated revolving loan facility
USD ($)
Jun. 30, 2009
Collateralized
Syndicated revolving loan facility
USD ($)
Sep. 22, 2009
Collateralized
Syndicated revolving loan facility
Orogen Investments SA (Luxembourg)
USD ($)
Aug. 30, 2009
Collateralized
Syndicated revolving loan facility
Orogen Investments SA (Luxembourg)
USD ($)
Jul. 31, 2009
Collateralized
Syndicated revolving loan facility
Orogen Investments SA (Luxembourg)
USD ($)
May 15, 2009
Collateralized
Syndicated revolving loan facility
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2010
Collateralized
Syndicated revolving loan facility
Orogen Investments SA (Luxembourg)
USD ($)
Sep. 30, 2009
Collateralized
Syndicated revolving loan facility
Gold Fields Operations
USD ($)
Jun. 15, 2009
Collateralized
Syndicated revolving loan facility
Gold Fields Operations
USD ($)
May 15, 2009
Collateralized
Syndicated revolving loan facility
Gold Fields Operations
USD ($)
May 07, 2009
Collateralized
Syndicated revolving loan facility
Gold Fields Operations
USD ($)
Dec. 31, 2010
Collateralized
Project finance facility
USD ($)
Dec. 31, 2011
Collateralized
Project finance facility
Jun. 30, 2010
Collateralized
Project finance facility
USD ($)
Jun. 30, 2009
Collateralized
Project finance facility
USD ($)
Dec. 31, 2011
Collateralized
Project finance facility
Minimum
Dec. 31, 2011
Collateralized
Project finance facility
Maximum
Nov. 14, 2006
Collateralized
Project finance facility
Gold Fields La Cima
USD ($)
Dec. 31, 2011
Collateralized
Project finance facility
Pre-completion phase
Dec. 31, 2011
Collateralized
Project finance facility
Completed project
Minimum
Dec. 31, 2011
Collateralized
Project finance facility
Completed project
Maximum
Mar. 31, 2011
Collateralized
Preference shares
USD ($)
Oct. 10, 2008
Collateralized
Preference shares
USD ($)
Dec. 24, 2007
Collateralized
Preference shares
ZAR
Dec. 31, 2010
Collateralized
Preference shares
USD ($)
Dec. 31, 2011
Collateralized
Preference shares
USD ($)
Jun. 30, 2010
Collateralized
Preference shares
USD ($)
Jun. 30, 2009
Collateralized
Preference shares
USD ($)
Dec. 24, 2007
Collateralized
Preference shares
Minimum
Dec. 24, 2007
Collateralized
Preference shares
Maximum
Apr. 05, 2011
Collateralized
Scrip Loan
USD ($)
Mar. 26, 2010
Collateralized
Scrip Loan
USD ($)
Mar. 26, 2010
Collateralized
Scrip Loan
ZAR
Dec. 31, 2010
Collateralized
Scrip Loan
ZAR
Dec. 31, 2011
Collateralized
Scrip Loan
USD ($)
Jun. 30, 2010
Collateralized
Scrip Loan
USD ($)
Dec. 31, 2010
Collateralized
Scrip Loan
USD ($)
Mar. 26, 2010
Collateralized
Scrip Loan
Mvelaphanda Resources Limited
Sep. 30, 2010
Collateralized
Non-revolving Senior Secured Term Loan
USD ($)
Dec. 31, 2010
Collateralized
Non-revolving Senior Secured Term Loan
USD ($)
Dec. 31, 2011
Collateralized
Non-revolving Senior Secured Term Loan
USD ($)
Sep. 17, 2010
Collateralized
Non-revolving Senior Secured Term Loan
USD ($)
Dec. 31, 2010
Collateralized
Dollar One Billion Notes Issue
USD ($)
Dec. 31, 2011
Collateralized
Dollar One Billion Notes Issue
USD ($)
Sep. 30, 2010
Collateralized
Dollar One Billion Notes Issue
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 31, 2011
Collateralized
Dollar One Billion Notes Issue
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 31, 2011
$1 billion revolving credit facility
Jun. 20, 2011
$1 billion revolving credit facility
USD ($)
Dec. 23, 2011
$1 billion revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 31, 2011
$1 billion revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 19, 2011
$1 billion revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Nov. 30, 2011
$1 billion revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Sep. 30, 2011
$1 billion revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Aug. 30, 2011
$1 billion revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Jun. 30, 2011
$1 billion revolving credit facility
Orogen Investments SA (Luxembourg)
USD ($)
Dec. 31, 2011
$1 billion revolving credit facility
Scenario 1
Dec. 31, 2011
$1 billion revolving credit facility
Scenario 2
Dec. 31, 2010
$60 million senior secured revolving credit facility
Dec. 31, 2011
$60 million senior secured revolving credit facility
USD ($)
Dec. 22, 2010
$60 million senior secured revolving credit facility
USD ($)
Feb. 25, 2011
$60 million senior secured revolving credit facility
Abosso Goldfields Limited
USD ($)
Nov. 30, 2011
$60 million senior secured revolving credit facility
Gold Fields Ghana Limited
USD ($)
Dec. 31, 2011
$60 million senior secured revolving credit facility
Gold Fields Ghana Limited
USD ($)
Dec. 22, 2010
$60 million senior secured revolving credit facility
Year 2012
USD ($)
Dec. 22, 2010
$60 million senior secured revolving credit facility
Year 2013
USD ($)
Dec. 31, 2010
Uncollateralized
Domestic Medium Term Notes Program
USD ($)
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
USD ($)
Jun. 30, 2010
Uncollateralized
Domestic Medium Term Notes Program
USD ($)
Jun. 30, 2009
Uncollateralized
Domestic Medium Term Notes Program
USD ($)
Apr. 06, 2009
Uncollateralized
Domestic Medium Term Notes Program
ZAR
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Minimum
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Maximum
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Notes Due January Twenty fifth Twenty Eleven
USD ($)
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Notes Due January Twenty fifth Twenty Eleven
ZAR
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Notes Due February Tenth Twenty Eleven
USD ($)
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Notes Due February Tenth Twenty Eleven
ZAR
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Notes Due March Two Twenty Eleven
USD ($)
Dec. 31, 2011
Uncollateralized
Domestic Medium Term Notes Program
Notes Due March Two Twenty Eleven
ZAR
Dec. 31, 2008
Uncollateralized
Short term syndicated facility
USD ($)
Dec. 31, 2010
Uncollateralized
Short term syndicated facility
USD ($)
Dec. 31, 2011
Uncollateralized
Short term syndicated facility
USD ($)
Jun. 30, 2010
Uncollateralized
Short term syndicated facility
USD ($)
Jun. 30, 2009
Uncollateralized
Short term syndicated facility
USD ($)
Dec. 31, 2009
Uncollateralized
Short term syndicated facility
Monthly Payment
USD ($)
Sep. 30, 2009
Uncollateralized
Short term syndicated facility
Monthly Payment
USD ($)
Jun. 30, 2009
Uncollateralized
Short term syndicated facility
Tarkwa Mine
USD ($)
May 12, 2010
Uncollateralized
Other loans
ZAR
Dec. 31, 2010
Uncollateralized
Other loans
USD ($)
Dec. 31, 2011
Uncollateralized
Other loans
USD ($)
Jun. 30, 2010
Uncollateralized
Other loans
USD ($)
Jun. 30, 2009
Uncollateralized
Other loans
USD ($)
May 12, 2010
Uncollateralized
Other loans
Minimum
USD ($)
May 12, 2010
Uncollateralized
Other loans
Maximum
USD ($)
Dec. 31, 2011
Uncollateralized
Other loans
New Revolving Credit Agreement
USD ($)
Dec. 09, 2009
Uncollateralized
Other loans
Revolving Credit Facility Matures December Seventeenth Twenty Twelve
USD ($)
Dec. 09, 2009
Uncollateralized
Other loans
Revolving Credit Facility Matures December Seventeenth Twenty Twelve
ZAR
Mar. 08, 2010
Uncollateralized
Other loans
Revolving Credit Facility Matures March Tenth, Twenty Thirteen
USD ($)
Mar. 08, 2010
Uncollateralized
Other loans
Revolving Credit Facility Matures March Tenth, Twenty Thirteen
ZAR
May 06, 2009
Uncollateralized
Other loans
Revolving Credit Facility Matures June Tenth, Twenty fourteen
USD ($)
May 06, 2009
Uncollateralized
Other loans
Revolving Credit Facility Matures June Tenth, Twenty fourteen
ZAR
Dec. 19, 2011
Uncollateralized
Other loans
Revolving Credit Facility Matures December Seventeen Twenty Sixteen
USD ($)
Dec. 19, 2011
Uncollateralized
Other loans
Revolving Credit Facility Matures December Seventeen Twenty Sixteen
ZAR
Debt Instrument [Line Items]                                                                                                                                                                                                                                                                                  
Long-term revolving credit facility                     $ 750,000,000         $ 250,000,000           $ 500,000,000                                               $ 311,000,000                                                             $ 200,000,000           $ 1,000,000,000                     $ 60,000,000 $ 60,000,000       $ 43,000,000 $ 35,000,000         10,000,000,000                                 3,500,000,000         $ 450,000,000 $ 550,000,000 $ 1,000,000,000                
Conversion of outstanding loan                             250,000,000                                                                                                                                                                                                                                                    
Debt maturity                             May 16, 2009         May 16, 2012                                                                           Jan. 24, 2011   Sep. 15, 2011                   May 20, 2011                   Oct. 07, 2020   Sep. 30, 2013                     Feb. 21, 2014                                                                       Sep. 30, 2013                
Long and short-term loans raised 1,543,800,000 1,167,900,000 1,619,900,000 1,312,300,000     70,000,000 540,000,000 221,000,000                 73,000,000         120,000,000 420,000,000 70,000,000 221,000,000 120,000,000 121,000,000         118,000,000     200,000,000     150,000,000 50,000,000 57,000,000       59,000,000               150,000,000                           19,500,000 144,000,000 127,000,000 18,200,000 19,500,000     200,000,000 200,000,000                                                                                              20,000,000   39,400,000 56,700,000 134,500,000                        
Line of credit facility, outstanding         220,000,000     500,000,000 430,000,000 498,500,000       177,000,000                             500,000,000 430,000,000       141,000,000     72,000,000                       100,000,000 150,000,000                                                                                               50,000,000                               20,000,000       20,000,000                       123,000,000 1,000,000,000 61,500,000 500,000,000 184,500,000 1,500,000,000 246,000,000 2,000,000,000
Long and short-term loans repaid             500,000,000 40,000,000 289,500,000     40,000,000 32,000,000       16,000,000                             259,000,000       272,000,000   36,000,000         15,000,000 44,000,000     100,000,000   50,000,000                                                                     50,000,000 83,000,000     105,000,000 75,000,000                                                       20,000,000                                        
Revolving credit facility refinanced with new loan facility                                 57,000,000   59,000,000                       500,000,000                     221,000,000                                                                                                                                                                                              
Loan interest                                         The loan under Facility B bore interest at LIBOR plus a margin of 0.30% per annum.                           The facility bore interest at LIBOR plus a margin of 2.75% per annum.                         The loan bears interest at a margin over LIBOR of: — 0.45% during the pre-completion phase (i.e. prior to the financial completion date), and — between 1.25% and 1.75% thereafter.                                                                                                           Interest at JIBAR plus a margin ranging from 0.56% to 1.00% per annum                       The loan bore interest at LIBOR plus a margin of 3.0% per annum.               These facilities bear interest at JIBAR plus a margin of between 1.95% and 3.00% per annum.   The facility bore interest at LIBOR plus a margin of 1.75% per annum.                          
Loan, margin                                         0.30%                           2.75%                                     0.45% 1.25% 1.75%                     5.00% 5.00%                                                                           0.56% 1.00%             3.00%                   1.75%     1.95% 3.00%                  
Revolving loan facility, commitment fee                                                                     The borrowers were required to pay a quarterly commitment fee of 1.10% per annum, payable on the undrawn portion of the facility.                                                                                                                                                                             The Borrowers are required to pay a commitment fee of between 0.75% and 0.90% per annum on the undrawn and un-cancelled amounts of the facility, calculated and payable either quarterly or semi-annually in arrears.   The borrowers were required to pay a quarterly commitment fee of 0.70% per annum.                          
Line of credit facility, commitment fee per annum                                                                     1.10%                                                                                             0.42%                     1.30%                                                             0.70%     0.75% 0.90%                  
Semi-annual installments of various amounts of the principal amount                                                                                                     4.75% 6.75%                                                                                                                                                                          
Principal payments schedule                                                                                               Scheduled principal payments were in 16 semi-annual instalments of various amounts ranging from 4.75% to 6.75% of the principal amount.                                                       The facility amount is repayble in 20 equal quarterly instalments of $10 million each.                                                                                   The principal payments under the loan are scheduled monthly, beginning on June 30, 2009 as follows $2 million for the first four months and $4 million for the last three months beginning June 30, 2009.                                      
Issued non-convertible redeemable preference shares to Rand Merchant Bank                                                                                                                     1,200,000,000                                                                                                                                                            
Dividend rate payable as a percentage of Prime rate                                                                                                                               22.00% 61.00%                                                                                                                                                
Outstanding preference shares repaid                                                                                                                   61,000,000   19,300,000 90,000,000                                                                                                                                                        
Preference dividend paid 3,100,000 1,300,000 5,900,000 9,800,000                                                                                                           2,500,000   19,300,000                                                                                                                                                          
Payment for redemption of preference shares                                                                                                                 90,000,000                                                                                                                                                                
Payment for redemption of preference shares, dividend                                                                                                                 1,500,000                                                                                                                                                                
Shares subject to scrip lending agreement           3                                                                                                                                     3,000,000                                                                                                                                
Long and short-term loans repaid                                                                                                                                   18,200,000                                       33,000,000                                                                                                      
Loaned securities, value                                                                                                                                              19,000,000 21,900,000                                                                                                                                  
Loans payable 1,398,300,000 1,907,700,000 1,121,100,000         500,000,000 [1] 430,000,000 [1]                                                                               100,000,000 [2]                     91,400,000 [3]   96,300,000 [3] 84,900,000               19,000,000 [4] 21,400,000 [4]     190,000,000 [5] 150,000,000 [5]   986,600,000 [6] 987,700,000 [6]                                           108,900,000 [7]   475,800,000 [7] 141,800,000       31,100,000 217,000,000 31,200,000 218,000,000 43,000,000 300,000,000                         136,500,000                      
Long and short-term loans repaid 1,330,800,000 654,600,000 1,637,500,000 993,500,000                                                                                                                                   39,600,000         10,000,000 40,000,000                                                                                             41,900,000 56,700,000 284,100,000                        
Notes issued, face value                                                                                                                                                               1,000,000,000                                                                                                                  
Interest rate                                                                                                                                                               4.875%                                           8.48%                                                                      
Transaction cost                                                                                                                                                                 13,600,000                                                                                                                
Revolving credit facility, optional maximum borrowing capacity                                                                                                                                                                     1,100,000,000                                                                                                            
Line of credit facility, additional interest above LIBOR                                                                                                                                                                   1.20%                     2.85%                                                                                        
Utilization fee                                                                                                                                                                   Where the utilization under the facility is greater than 33 1/3% and less than or equal to 66 2/3%, a utilization fee of 0.20% per annum will be payable on the amount of utilizations. Where the utilization under the facility is greater than 66 2/3%, a utilization fee of 0.40% per annum will be payable on the amount of utilizations.                                                                                   Where the utilization under the facility was equal to or greater than 50%, a utilization fee of 0.25% per annum would be payable on the amount of utilizations. Such utilization fee was payable quarterly in arrears.                          
Line of credit facility, utilization fee rate                                                                                                                                                                                     0.20% 0.40%                                                                                          
Long and short-term loans raised                                                                                                                                                                             33,000,000     450,000,000           20,000,000 50,000,000                                                                                
Ownership interest acquired from IAMGOLD                                                                                                                                                                         18.90%                                                                                                        
Notes issued                                                                                                                                                           986,400,000                                             248,000,000   1,044,900,000                                                                    
Settlements                                                                                                                                                                                                         659,600,000 105,300,000 721,900,000                                                                    
Medium term loan, carrying value                                                                                                                                                                                                           44,400,000                                                                      
Periodic principal payments                                                                                                                                                                                                                                             $ 4,000,000 $ 2,000,000                                  
Revolving credit facility description                                                                                                                                                                                                                                                       50 million syndicated revolving loan facility with an option to increase the facility to $550 million within six months from signing date. The option to increase the facility to $550 million was not exercised. The purpose of the facilities was to refinance existing facilities, for general corporate purposes and working capital.                          
Utilization fee, rate                                                                                                                                                                                                                                                       0.25%                          
[1] Split-tenor revolving credit facility On May 16, 2007, GFIMSA, Orogen and GFO entered into a $750 million split-tenor revolving credit facility consisting of a $250 million 364-day revolving tranche with a twelve-month term out option, or Facility A, and a $500 million five-year revolving tranche, or Facility B. On April 28, 2008, Gold Fields exercised the term out option under Facility A converting the full $250 million advance at that point into a term loan with a final maturity date of May 16, 2009. In terms of the facility agreement, Gold Fields had the option to repay the loan under Facility A early in whole or in part by giving five days' prior notice. Facility B was due to mature on May 16, 2012. The purpose of the facilities was to refinance existing facilities and for general corporate purposes. On June 30, 2008, Orogen had borrowed $73 million and $121 million under Facility A and Facility B respectively. GFO had $177 million and $141 million outstanding under Facility A and Facility B respectively on the same date. On various dates during fiscal 2009, Orogen drew down a further $120 million under Facility B. On May 15, 2009, GFO drew down $118 million under Facility B to partly refinance its maturing loan under Facility A. The balance of the GFO loan outstanding under Facility A of $59 million was refinanced with the $311 million syndicated revolving loan facility, which is detailed below in (b). Also on May 15, 2009, Orogen repaid $16 million of its portion of the maturing Facility A and refinanced the remaining $57 million with the $311 million syndicated revolving loan facility. Facility A was repaid in full on May 15, 2009. On September 17, 2009, Gold Fields utilized $259 million of the proceeds from the sale of the shares in Eldorado Gold Corporation, or Eldorado, to fully settle GFO borrowings under facility B. Subsequently, on various dates, Orogen drew down $221 million to refinance more expensive debt under the $311 million syndicated revolving loan facility. Orogen also repaid $32 million during year. On August 26, 2010, Orogen drew down a further $70 million and on October 8, 2010, repaid the full $500 million drawn under Facility B using proceeds of the $1 billion Notes issue. On March 22, 2011, Orogen drew down $420 million to fund the acquisition of the noncontrolling interests in La Cima. On May 26, 2011, Orogen repaid $40 million. On June 22, 2011, Orogen drew down $120 million under this facility to partially fund the acquisition of IAMGold's 18.9% noncontrolling interests in the Ghanaian operations. The outstanding borrowings of Orogen, all under Facility B, at December 31, 2011 and 2010 were $500 million and $nil million respectively (June 30, 2010: $430 million). The loan under Facility B bore interest at LIBOR plus a margin of 0.30% per annum. Borrowings under the Revolving Credit Facility were guaranteed by Gold Fields, GFIMSA, Gold Fiels Holding Company (BVI) Limited, or GF Holdings, Orogen, GFO and Newshelf 899 (Proprietary) Limited, or Newshelf. December 31, 2011 December 31, 2010 June 30, 2010 Opening balance - 430.0 498.5 Loans advanced, net of transaction costs 540.0 70.0 221.0 Loan repayments (40.0 ) (500.0 ) (289.5 ) Closing balance 500.0 - 430.0
[2] Project Finance Facility On November 14, 2006, La Cima entered into a $150 million project finance facility with a number of lenders. The purpose of the facility was to finance the project costs related to the development of the Cerro Corona copper-gold porphyry deposit located in the Hualgayoc province in the Cajamarca region in northern Peru. The loan bore interest at a margin over LIBOR of: - 0.45% during the pre-completion phase (i.e. prior to the financial completion date), and - between 1.25% and 1.75% thereafter. Scheduled principal payments were in 16 semi-annual instalments of various amounts ranging from 4.75% to 6.75% of the principal amount. The final instalment was due on the tenth anniversary of the signing date. Principal and voluntary repayments during fiscal 2011 was $nil (six months ended December 31, 2010: $100 million; fiscal 2010: $50 million). The outstanding loan balances at December 31, 2011 and 2010 were $nil (June 30, 2010: $100 million). During the pre-completion phase the loan was guaranteed by Gold Fields and Gold Fields Corona (BVI) Limited (a wholly owned subsidiary of Gold Fields). The facility is secured by, among other things, pledges of and mortgages over the assets and properties of La Cima. In accordance with the facility agreement, the financial completion date (i.e. the date on which the guarantees fall away and the facility goes non-recourse) had to occur before November 14, 2010. La Cima however intended to refinance this facility before this date. However, La Cima repaid the full amount outstanding under this facility on September 16, 2010, from which date the security granted by La Cima in connection with this facility, was released. The facility was cancelled on the same date. The repayment was made from cash generated by operations. December 31, 2011 December 31, 2010 June 30, 2010 Opening balance - 100.0 150.0 Loan repayments - (100.0 ) (50.0 ) Closing balance - - 100.0
[3] Preference shares On December 24, 2007 Gold Fields issued R1.2 billion of non-convertible redeemable preference shares, or the Preference Shares, to Rand Merchant Bank, or RMB, a division of First Rand Bank Limited. The dividend rate payable is a floating rate that increases from 22% to up to 61% of the prime lending rate quoted by First Rand Bank Limited, or the Prime Rate, over the life of the Preference Shares. In certain circumstances, the dividend rate increases to 61% of the Prime Rate in the event the Preference Shares are redeemed before their scheduled maturity date and the dividend rate is also subject to adjustment in the case of a change in law or regulation. Dividends accrue quarterly and are rolled up until the redemption date. The purpose of the Preference Shares was to refinance existing credit facilities. On October 10, 2008, $61.0 million of the outstanding Preference Shares were repaid. In addition, a preference dividend of $2.5 million was also paid on the same date. On December 15, 2010, Gold Fields declared and paid $19.3 million of the preference dividend. On the same date, the redemption date of January 24, 2011 was extended to September 15, 2011. The Preference Shares were redeemable earlier on a date as agreed between the holder and Gold Fields. On March 31, 2011, Gold Fields redeemed the entire outstanding balance paying $90.0 million, which included a dividend of $1.5 million. The Preference Shares were guaranteed by GFIMSA, Orogen, Newshelf and GFO. December 31, 2011 December 31, 2010 June 30, 2010 Opening balance 91.4 96.3 84.9 Preference share dividend 1.3 3.0 5.9 Redemptions (90.0 ) (19.3 ) - Other (2.3 ) - - Translation (0.4 ) 11.4 5.5 Closing balance - 91.4 96.3
[4] Scrip loan On March 26, 2010, GFL Mining Services, or GFLMS, entered into a Scrip Lending agreement with a South African Bank in terms of which GFLMS agreed to lend 3 million of its securities in Mvelaphanda for an initial cash collateral of $19.5 million (R144 million). The market value of the collateral delivered by the bank to GFLMS on each settlement date shall represent not less than the market value of the loaned securities on that date together with a margin of 5% per annum. The agreement provides for the substantial risks and rewards on ownership inherent in the securities to be retained by GFLMS (i.e. equity price risk) and as a consequence, GFLMS has transferred the legal right to receive cash flows (dividends) on the securities loaned to the bank. The agreement was set to terminate on March 26, 2011. In the event of unbundling of the assets of Mvelaphanda before the termination date, the agreement would terminate within thirty days of unbundling and GFLMS would be entitled to receive the unbunbled assets. Subsequent to December 31, 2010, Mvelaphanda unbundled certain of its assets and in accordance with the terms of the agreement the loaned unbundled securities were returned and the collateral was repaid on February 28, 2011. A new scrip lending agreement was entered into between the parties with the same terms and conditions as the original agreement whereby GFLMS agreed to lend another three million of its securities in Mvelaphanda for a cash collateral of R127 million ($18.2 million). The loaned securities were returned and the collateral was repaid on April 5, 2011 and the new agreement was cancelled on the same date. Interest on the cash collateral held was calculated based on one month JIBAR rate and accrued daily and compounded monthly in arrears. The first interest settlement was on June 24, 2010. In terms of the agreement, the next interest payment date was on final settlement of the loan. December 31, 2011 December 31, 2010 June 30, 2010 Opening balance 21.4 19.0 - Interest 0.3 - - Loans advanced 18.2 - 19.5 Loans repaid (39.6 ) - - Translation (0.3 ) 2.4 (0.5 ) Closing balance - 21.4 19.0 At December 31, 2011, the value of the loaned securities was $nil (December 31, 2010: $21.9 million; June 30, 2010: $19.0 million). The outstanding liability against these securities was $nil, $21.4 million and $19.0 million on December 31, 2011, December 2010 and June 30, 2010, respectively.
[5] Non-revolving Senior Secured Term Loan On September 17, 2010, La Cima entered into a non-revolving senior secured term loan for up to $200 million with The Bank of Nova Scotia and Banco de Credito del Peru. The purpose of this facility was to repay the Gold Fields outstanding subordinated loans with its affiliates and to finance its working capital requirements. On September 22, 2010, the lenders advanced $200 million to La Cima under this facility. The facility amount is repayble in 20 equal quarterly instalments of $10 million each. During fiscal year ended December 31, 2011, $40 million was repaid (six months ended December 31, 2010: $10 million; fiscal year ended June 30, 2010: $nil). The final maturity of this facility is five years from the disbursement date. Borrowings under the non-revolving senior secured term loan are secured by first-ranking assignments of all rights, title and interest in all of La Cima's concentrate sale agreements. In addition, the offshore and onshore collection accounts of La Cima will be subject to an account control agreement and a first ranking charge in favor of the lenders. This facility will be non-recourse to the rest of the Group. December 31, 2011 December 31, 2010 June 30, 2010 Opening balance 190.0 - - Loans advanced - 200.0 - Loans repaid (40.0 ) (10.0 ) - Closing balance 150.0 190.0 -
[6] $1 Billion Notes Issue On September 30, 2010, Orogen issued $1,000,000,000 4.875% guaranteed notes due October 7, 2020, or the Notes. The payment of all Notes is unconditionally and irrevocably guaranteed by Gold Fields Limited, GFIMSA, GFO and GF Holdings, or together, the Guarantors, on joint and several basis. The Notes and guarantees constitute direct, unsubordinated and unsecured obligations of Orogen and the Guarantors, respectively, and rank equally in right of payment amoung themselves and with all other existing and future unsubordinated and unsecured obligations of Orogen and the Guarantors, respectively. The transaction costs of U.S.$13.6 million were deducted from the liability on initial measurement. These costs will unwind over the period of the Notes as an interest expense. Gold Fields used a portion of the net proceeds of the offering of the Notes to repay certain existing indebtedness of the Group and the balance of the net proceeds for general corporate purposes. December 31, 2011 December 31, 2010 June 30, 2010 Opening balance 986.6 - - Notes Issued, net of transaction costs - 986.4 - Unwinding of transaction costs 1.1 0.2 - Closing balance 987.7 986.6 -
[7] Domestic Medium Term Notes Progam On April 6, 2009, Gold Fields established a R10 billion domestic medium term notes program, or the Program, in terms of which Gold Fields may, from time to time, issue notes denominated in any currency. The notes will not be subject to any minimum and maximum maturity and the maximum aggregate nominal outstanding amount of all notes will not exceed R10 billion. The Program has been registered with the bond market of the JSE Limited, or the JSE, and the notes issued can be listed on the JSE or not. Under the Program, Gold Fields issued listed notes totaling $nil (six months ended December 31, 2010: $248.0 million; fiscal year ended June 30, 2010: $1,044.9 million) and settled listed maturing notes totaling $nil (six months ended December 31, 2010: $659.6 million; fiscal year ended June 30, 2010: $721.9 million). The different notes issued matured 3, 6 or 12 months from date of issue and bear interest at JIBAR plus a margin ranging from 0.56% to 1.00% per annum except for notes with a carrying value of $44.4 million which were at a Rand fixed rate of 8.48%. The outstanding notes matured as follows: • $31.1 million (R217.0 million) on January 25, 2011; • $31.2 million (R218.0 million) on February 10, 2011; and • $43.0 million (R300.0 million) on March 2, 2011 The outstanding issued notes under the Program at December 31, 2011 were $nil (December 31, 2010: $108.9 million; June 30, 2010: $475.8 million). The Notes under the Program were guaranteed by GFIMSA, GF Holdings, Orogen and GFO. December 31, 2011 December 31, 2010 June 30, 2010 Opening balance 108.9 475.8 141.8 Notes issued - 248.0 1,044.9 Settlements (105.3 ) (659.6 ) (721.9 ) Translation (3.6 ) 44.7 11.0 Balance at close - 108.9 475.8