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Major Group Investments - Direct and Indirect
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Major Group Investments - Direct and Indirect
42. MAJOR GROUP INVESTMENTS – DIRECT AND INDIRECT

 

                       Group
beneficial
interest		     Carrying value in holding company  
           Shares held       Shares     Loans6  
     Notes     2017     2016     2017 %     2016 %     2017
R million		     2016
R million		     2017
R million		     2016
R million		  

SUBSIDIARIES

                   

Unlisted

                   

Abosso Goldfields Ltd7

                   

- Class “A” shares

      1       49,734,000       49,734,000       90.0       90.0       —         —         —         —    

- Class “B” shares

      1       4,266,000       4,266,000       90.0       90.0       —         —         —         —    

Agnew Gold Mining Company Pty Ltd

      2       54,924,757       54,924,757       100.0       100.0       —         —         —         —    

Beatrix Mines Ltd

      3       96,549,020       96,549,020       100.0       100.0       206.8       206.8       —         —    

Beatrix Mining Ventures Ltd

      3       9,625,001       9,625,001       100.0       100.0       120.4       120.4       (136.8 )      (136.8 ) 

Darlot Mining Company Pty Ltd

      2       1       1       100.0       100.0       —         —         —         —    

Driefontein Consolidated (Pty) Ltd

      3       1,000       1,000       100.0       100.0       —         —         (13.1 )      (13.1 ) 

GFI Joint Venture Holdings (Pty) Ltd

      3       311,668,564       311,668,564       100.0       100.0       —         —         (0.4 )      (0.4 ) 

GFL Mining Services Ltd

      3       235,676,387       235,676,387       100.0       100.0       18,790.5       18,790.5       (8,331.2 )      (8,004.2 ) 

Gold Fields Ghana Ltd8

      1       900       900       90.0       90.0       —         —         —         —    

Gold Fields Group Services (Pty) Ltd

      3       1       1       100.0       100.0       —         —         (224.8 )      355.5  

Gold Fields Holdings Company (BVI) Ltd

      5       4,084       4,084       100.0       100.0       —         —         —         —    

Gold Fields La Cima S.A.9

      4       1,426,050,205       1,426,050,205       99.5       99.5       —         —         —         —    

Gold Fields Operations Ltd

      3       156,279,947       156,279,947       100.0       100.0       —         —         (0.4 )      (0.4 ) 

Gold Fields Orogen Holdings (BVI) Ltd

      5       356       356       100.0       100.0       —         —         —         —    

Gruyere Mining Company Pty Ltd

      2       1       1       100.0       100.0       —         —         —         —    

GSM Mining Company Pty Ltd

      2       1       1       100.0       100.0       —         —         —         —    

Kloof Gold Mining Company Ltd

      3       138,600,000       138,600,000       100.0       100.0       602.8       602.8       (610.2 )      (610.2 ) 

Newshelf 899 (Pty) Ltd10

      3       90,000,000       90,000,000       100.0       100.0       23,210.9       23,210.9       —         —    

St Ives Gold Mining Company Pty Ltd

      2       281,051,329       281,051,329       100.0       100.0       —         —         —         —    
            

 

 

    

 

 

    

 

 

    

 

 

  

Total

                42,931.4       42,931.4       (9,316.9 )      (8,409.6 ) 
            

 

 

    

 

 

    

 

 

    

 

 

  
1 Incorporated in Ghana.
2 Incorporated in Australia.
3 Incorporated in the Republic of South Africa.
4 Incorporated in Peru.
5 Incorporated in the British Virgin Islands.
6 The loans are unsecured, interest free and have no fixed repayment terms.
7 Abosso Goldfields Ltd (“Abosso”) owns the Damang operation in Ghana. The accumulated non-controlling interest of Abosso at 31 December 2017 amounts to US$5.8 million (2016: US$3.6 million). No dividends were paid to the non-controlling interest during 2017 or 2016. Refer to the segment reporting, note 41, for summarised financial information of Damang.
8 Gold Fields Ghana Ltd (“GFG”) owns the Tarkwa operation in Ghana. The accumulated non-controlling interest of GFG at 31 December 2017 amounts to US$119.2 million (2016: US$116.6 million). A dividend of US$5.8 million was advanced to the non-controlling interest during 2017 (2016: US$nil). Refer to the segment reporting, note 41, for summarised financial information of Tarkwa.
9 Gold Fields La Cima S.A. (“La Cima”) owns the Cerro Corona operation in Peru. The accumulated non-controlling interest of La Cima at 31 December 2017 amounts to US$2.4 million (2016: US$2.5 million). A dividend of US$0.6 million was paid to the non-controlling interest during 2017 (2016: US$0.2 million). Refer to the segment reporting, note 41, financial information of Cerro Corona.
10 Refer note 25.2. Newshelf is the holding company of GFIJVH and GFO which own the South Deep mine. In terms of the South Deep BEE agreement, there is an agreed phase-in participation of BEE partners over 20 years. The BEE partners’ stake will ultimately be 10%, resulting in a 90% holding by Newshelf.

 

     Shares held      Group
beneficial interest		  
     2017      2016      2017 %     2016 %  

OTHER1

           

Listed associates

           

Maverix Metals Incorporated (“Maverix”)

      42,850,000        42,850,000        27.9       32.3  

Rusoro Mining Limited

      140,000,001        140,000,001        25.7       25.7  

Joint venture

           

Far Southeast Gold Resources Incorporated

      1,737,699        1,737,699        40.0       40.0  

Listed equity investments

           

Bezant Resources PLC

      17,945,922        17,945,922        2.9       8.8  

Cardinal Resources Limited

      42,818,182        13,700,270        11.5       4.5  

Cardinal Resources Limited (Options)

      38,220,051        19,705,790        33.0 2      17.0  

Cascadero Copper Corporation

      2,025,000        2,025,000        1.1       1.1  

Clancy Exploration Limited

      17,764,783        17,764,783        0.6       0.7  

Consolidated Woodjam Copper Corporation

      12,848,016        12,848,016        17.2       17.8  

Fjordland Exploration Incorporated

      363,636        1,818,182        0.8       1.8  

Gold Road Resources Limited

      87,117,909        —          9.9       —    

Hummingbird Resources PLC

      21,258,503        21,258,503        6.2       6.2  

Orsu Metals Corp

      2,613,491        26,134,919        7.3       19.7  

Radius Gold Incorporated

      3,625,124        3,625,124        4.2       4.2  

Red 5 Limited

      246,875,821        —          19.9 3      —    

 

1 Only major investments are listed individually.
2 If the Group was to exercise all the Cardinal Resources options, the Group’s effective interest would be below 20% and therefore does not have significant influence over Cardinal Resources Limited.
3 An assessment has been performed and the Group does not have significant influence over Red 5 Limited.