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Major Group Investments - direct and indirect
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Major Group Investments - direct and indirect
4
4
.
Major Group Investments - direct and indirect
for the year ended 31 December
 
 
  
 
 
  
Shares held
 
  
Group
beneficial interest
 
 
  
Notes
 
  
2019
 
  
2018
 
  
2019
%
 
 
2018
%
 
SUBSIDIARIES
  
   
  
   
  
   
  
   
 
   
Unlisted
  
   
  
   
  
   
  
   
 
   
Abosso Goldfields Ltd
6
  
   
  
   
  
   
  
   
 
   
- 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 Ltd
7
  
 
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) Ltd
9
  
 
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 2019 amounts to US$7.9 million (2018: US$5.2 million). No dividends were paid to
non-controlling
interest during 2019 or 2018. Refer to the segment reporting, note 43, 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 2019 amounts to US$125.5 million (2018: US$115.3 million). A dividend of US$2.0 million was advanced to
non-controlling
interest during 2019 (2018: US$9.2 million). Refer to the segment reporting, note 43, 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 2019 amounts to US$2.1 million (2018: US$1.9 million). A dividend of US$0.2 million was paid to
non-controlling
interest during 2019 (2018: US$0.6 million). Refer to the segment reporting, note 43, 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 ultimatelely be 10%, resulting in a 90% holding by Newshelf.
   
Shares held
   
Group beneficial interest
 
   
2019
   2018   
2019

%
  2018
%		 
OTHER
1
       
Listed associates
       
Maverix Metals Incorporated (“Maverix”)
2
  
 
—  
 
   42,850,000   
 
—  
 
  19.9% 
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
 
   450,000,000   
 
45.0
% 
  45.0% 
Adansi Gold Company Limited
  
 
100,000
 
   100,000   
 
50.0
% 
  50.0% 
Shika Group Finance Limited
  
 
10,000
 
   10,000   
 
50.0
% 
  50.0% 
Listed equity investments
       
Asanko Gold Inc.
  
 
22 354 657
 
   22 354 657   
 
9.9
% 
  9.9% 
Bezant Resources PLC
  
 
17,945,922
 
   17,945,922   
 
1.8
% 
  1.8% 
Cardinal Resources Limited
3
  
 
81,038,233
 
   42,818,182   
 
16.4
% 
  11.3% 
Cardinal Resources Limited (Options)
4
  
 
—  
 
   38,220,051   
 
—  
 
  25.8% 
RareX Limited
  
 
710,592
 
   17,764,783   
 
0.2
% 
  0.5% 
Consolidated Woodjam Copper Corporation
3
  
 
16,115,740
 
   16,115,740   
 
19.9
% 
  19.9% 
Gold Road Resources Limited
5
  
 
—  
 
   87,117,909   
 
—  
 
  9.9% 
Hummingbird Resources PLC
5
  
 
—  
 
   21,258,503   
 
—  
 
  6.0% 
Lefroy Exploration Limited
3
  
 
18,214,535
 
   14,764,535   
 
18.4
% 
  18.2% 
Magmatic Resources Limited
  
 
19,200,000
 
   17,600,000   
 
12.5
% 
  15.0% 
Orsu Metals Corp
  
 
2,613,491
 
   2,613,491   
 
6.2
% 
  7.2% 
Red 5 Limited
5
  
 
—  
 
   246,875,821   
 
—  
 
  19.9% 
Chakana Copper Corp
3
  
 
15,686,275
 
   —     
 
16.8
% 
  —   
 
1
 		 Only major investments are listed individually.
2
 		 Maverix was disposed of during 2019, refer note 16.1 c
3
 		 An assessment has been performed and the Group does not have significant influence.
4
 		 The Cardinal Resources Limited options were converted to shares in 2019.
5
 		 Disposed of during 2019.