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Non-Current Investments (Tables) | 12 Months Ended
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Dec. 31, 2012
Non-Current Investments |
|  | December 31, 2012 |  |  | December 31, 2011 |
Listed investments (a) |  |  | 36.2 |  |  |  | 77.3 |
Unlisted investments |  |  | 1.3 |  |  |  | 2.6 |
Investments held by environmental trust funds (b) |  |  | 165.3 |  |  |  | 161.5 |
Equity investees (c) |  |  | 254.4 |  |  |  | 28.2 |
Other investments |  |  | 0.8 |  |  |  | 2.6 |
|  |  | 458.0 |  |  |  | 272.2 |
(a) Listed investments mainly consist of:
|  | December 31, 2012 |  |  | December 31, 2011 |
|  | Number of shares |  |  | Market value, $ per share |  |  | Number of shares |  |  | Market value, $ per share |
Northam Platinum |  |  | 7,820,169 |  |  |  | 4.55 |  |  |  | 7,820,169 |  |  |  | 3.75 |
Radius Gold Incorporated |  |  | 3,625,124 |  |  |  | 0.22 |  |  |  | 3,625,124 |  |  |  | 0.23 |
Gran Columbia Gold Corporation |  |  | 1,585,274 |  |  |  | 0.36 |  |  |  | 1,585,274 |  |  |  | 0.40 |
Evolution Mining Limited |  |  | — |  |  |  | — |  |  |  | 15,535,016 |  |  |  | 1.62 |
GoldQuest Mining Corporation |  |  | — |  |  |  | — |  |  |  | 13,962,500 |  |  |  | 0.08 |
Atacama Pacific Gold Corporation |  |  | — |  |  |  | — |  |  |  | 4,945,598 |  |  |  | 3.79 |
Details of the listed investments are as follows:
|  | December 31, 2012 |  |  | December 31, 2011 |
Fair value |  |  | 36.2 |  |  |  | 77.3 |
Less: Cost |  |  | 24.8 |  |  |  | 68.4 |
Net unrealized gain |  |  | 11.4 |  |  |  | 8.9 |
The net gain comprises: |  |  |  |  |  |  |  |
Gross unrealized gains |  |  | 11.7 |  |  |  | 15.2 |
Gross unrealized losses |  |  | (0.3 | ) |  |  | (6.3 | )
|  |  | 11.4 |  |  |  | 8.9 |
The gross unrealized loss comprises the following number of equity instruments none of which have been in a continuous unrealized loss position for more than 12 months: |  |  | 4 |  |  |  | 8 |
Realized gain reclassified from equity on disposal of listed investments ($ million) |  |  | 14.7 |  |  |  | 12.8 |
(b) | The environmental trust funds are irrevocable trusts under the Group’s control. The monies in the trusts are invested primarily in interest bearing short-term (money market), government and other corporate bond investments and the costs of these investments approximate their fair value. The investments provide for the estimated cost of rehabilitation during and at the end of the life of the Group’s South African mines. While the asset is under the Group’s control, it is not available for the general purposes of the Group. All income from this asset is reinvested or spent to meet these obligations. These obligations are described in note 15, “Provision for Environmental Rehabilitation”.
(c) | Equity investees comprise the following:
|  |  |  | Ownership % |  |  | Market value |
Investment |  | Description of business |  | December 31, 2012 |  |  | December 31, 2011 |  |  | December 31, 2012 |  |  | December 31, 2011 |
Far South East |  | Exploration |  |  | 40.0 |  |  |  | — |  |  |  | * |  |  |  | * |
Rusoro Mining Limited |  | Gold mining |  |  | 26.4 |  |  |  | 26.4 |  |  |  | 6.3 |  |  |  | 13.1 |
Rand Refinery Limited |  | Refining of gold bullion and by-products |  |  | 34.9 |  |  |  | 34.9 |  |  |  | * |  |  |  | * |
Timpetra Resources Limited |  | Resource exploration |  |  | 21.8 |  |  |  | 21.8 |  |  |  | 1.0 |  |  |  | 1.2 |
* | - Not readily determinable
Rusoro Mining Limited |
Carrying Value of Equity Investment | The carrying value of the equity investment in Rusoro Mining Limited, or Rusoro:
|  | December 31, 2012 |  |  | December 31, 2011 |
Opening balance |  |  | 13.2 |  |  |  | 20.0 |
Share of losses recognized (1) |  |  | (13.4 | ) |  |  | — |
Impairment |  |  | — |  |  |  | (6.8 | )
Other comprehensive income |  |  | 0.2 |  |  |  | — |
Closing balance |  |  | — |  |  |  | 13.2 |
| (1) | The results of Rusoro for the Gold Fields’ fiscal year ended December 31, 2012 are for the twelve months to September 2012 (December 31, 2011: nine months ended September 30, 2011).
Rand Refinery Limited |
Carrying Value of Equity Investment | The carrying value of the equity investment in Rand Refinery Limited, or Rand Refinery:
|  | December 31, 2012 |  |  | December 31, 2011 |
Opening balance |  |  | 12.9 |  |  |  | 10.2 |
Share of profits recognized |  |  | 12.0 |  |  |  | 5.0 |
Translation |  |  | (1.2 | ) |  |  | (2.3 | )
Closing balance |  |  | 23.7 |  |  |  | 12.9 |
Far Southeast (FSE) Deposit |
Carrying Value of Equity Investment | Far South East Gold Resources Incorporated has a 31 December year end and has been equity accounted since April 1, 2012.
|  | December 31, 2012 |  |  | December 31, 2011 |
Gold Fields interest in FSE on December 31, 2012 was 40.0%. |  |  |  |  |  |  |  |
Opening balance |  |  | — |  |  |  | — |
Investment |  |  | 230.0 |  |  |  | — |
Equity contribution |  |  | 50.1 |  |  |  | — |
Share of losses recognized |  |  | (50.1 | ) |  |  | — |
Closing balance |  |  | 230.0 |  |  |  | — |

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- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -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. + Details
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- Definition Tabular disclosure of the summary of investment holdings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-12C) -URI http://asc.fasb.org/extlink&oid=6955306&loc=d3e611225-123010 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12C -Article 12 + Details
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