Major Group Investments - direct and indirect (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Major Group Investments - Direct and Indirect


			Shares held				Group beneficial interest
	Notes		2018		2017		2018		2017
Subsidiaries
Unlisted
Abosso Goldfields Ltd⁶
– 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
Beatrix Mining Ventures Ltd		3		9,625,001		9,625,001		100.0		100.0
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
GFI Joint Venture Holdings (Pty) Ltd		3		311,668,564		311,668,564		100.0		100.0
GFL Mining Services Ltd		3		235,676,387		235,676,387		100.0		100.0
Gold Fields Ghana Ltd⁷		1		900		900		90.0		90.0
Gold Fields Group Services (Pty) Ltd		3		1		1		100.0		100.0
Gold Fields Holdings Company (BVI) Ltd		5		4,084		4,084		100.0		100.0
Gold Fields La Cima S.A.⁸		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
Gold Fields Orogen Holding (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
Newshelf 899 (Pty) Ltd⁹		3		90,000,000		90,000,000		100.0		100.0
St Ives Gold Mining Company Pty Ltd		2		281,051,329		281,051,329		100.0		100.0

Total

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

Abosso Goldfields Ltd (“Abosso”) owns the Damang operation in Ghana. The accumulated non-controlling interest of Abosso at 31 December 2018 amounts to US$5.2 million (2017: US$5.8 million). No dividends were paid to non-controlling interest during 2018 or 2017. Refer to the segment reporting, note 42, for summarised financial information of Damang.

⁷

Gold Fields Ghana Ltd (“GFG”) owns the Tarkwa operation in Ghana. The accumulated non-controlling interest of GFG at 31 December 2018 amounts to US$115.3 million (2017: US$119.2 million). A dividend of US$9.2 million was advanced to non-controlling interest during 2018 (2017: US$5.8 million). Refer to the segment reporting, note 42, for summarised financial information of Tarkwa.

⁸

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 2018 amounts to US$1.9 million (2017: US$2.4 million). A dividend of US$0.6 million was paid to non-controlling interest during 2018 (2017: US$0.6 million). Refer to the segment reporting, note 42, for financial information of Cerro Corona.

⁹	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.

Summary of Share Held in Investments in Associates Joint Ventures other Equity Investments and Percentage of Beneficial Interest


	Shares held				Group beneficial interest
	2018		2017		2018 %			2017 %
Other¹
Listed associates
Maverix Metals Incorporated (“Maverix”)		42,850,000		42,850,000		19.9	²		27.9
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
Asanko Gold Ghana Limited		450,000,000		—		45.0			—
Adansi Gold Company Limited		100,000		—		50.0			—
Shika Group Finance Limited		10,000		—		50.0			—
Listed equity investments
Asanko Gold Inc.		22,354,657		—		9.9			—
Bezant Resources PLC		17,945,922		17,945,922		1.8			2.9
Cardinal Resources Limited		42,818,182		42,818,182		11.3			11.5
Cardinal Resources Limited (Options)		38,220,051		38,220,051		25.8	³		33.0	²
Cascadero Copper Corporation		—		2,025,000		—			1.1
Clancy Exploration Limited		17,764,783		17,764,783		0.5			0.6
Consolidated Woodjam Copper Corporation		16,115,740		12,848,016		19.9	³⁴		17.2
Fjordland Exploration Incorporated		—		363,636		—			0.8
Gold Road Resources Limited		87,117,909		87,117,909		9.9			9.9
Hummingbird Resources PLC		21,258,503		21,258,503		6.0			6.2
Lefroy Exploration Limited		14,764,535		—		18.2			—
Magmatic Resources Limited		17,600,000		—		15.0			—
Orsu Metals Corp		2,613,491		2,613,491		7.2			7.3
Radius Gold Incorporated		—		3,625,124		—			4.2
Red 5 Limited		246,875,821		246,875,821		19.9	⁵		19.9

¹	Only major investments are listed individually.

²	Gold Fields owns an additional 10.0 million common share purchase warrants (refer note 17) that are currently exercisable. After inclusion of the warrants, Gold Fields owns 20.5% in Maverix on a diluted basis.

³	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.

⁴	An assessment has been performed and the Group does not have significant influence over Consolidated Woodjam Copper Corporation.

⁵	An assessment has been performed and the Group does not have significant influence over Red 5 Limited.