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Major Group Investments - direct and indirect | 12 Months Ended
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Dec. 31, 2020
Text block [abstract] |
Major Group Investments - direct and indirect |
42. | Major Group Investments - direct and indirect
for the year ended 31 December
|  |  |  |  |  |  |  |  |  | Group |
|  |  |  |  |  |  | beneficial interest |
|  |  |  | Shares held |  |  | 2020 |  |  | 2019 |
|  | Notes |  | 2020 |  |  | 2019 |  |  | % |  |  | % |
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 11 |  | 3 |  |  | — |  |  |  | 96,549,020 |  |  |  | — |  |  |  | 100.0 | %
Beatrix Mining Ventures Ltd 11 |  | 3 |  |  | — |  |  |  | 9,625,001 |  |  |  | — |  |  |  | 100.0 | %
Darlot Mining Company Pty Ltd |  | 2 |  |  | 1 |  |  |  | 1 |  |  |  | 100.0 | % |  |  | 100.0 | %
Driefontein Consolidated (Pty) Ltd 11 |  | 3 |  |  | — |  |  |  | 1,000 |  |  |  | — |  |  |  | 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 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 11 |  | 3 |  |  | — |  |  |  | 138,600,000 |  |  |  | — |  |  |  | 100.0 | %
Newshelf 899 (Pty) Ltd |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- Class “A” shares 9 |  | 3 |  |  | 90,000,000 |  |  |  | 90,000,000 |  |  |  | 100.0 | % |  |  | 100.0 | %
- Class “B” shares 10 |  | 3 |  |  | 10,000,000 |  |  |  | 10,000,000 |  |  |  | — |  |  |  | — |
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 2020 amounts to US$12.0 million (2019: US$7.9 million). A dividend of US$4.5 million was advanced to non-controlling interest during 2020 (2019: US$nil). Refer to the segment reporting, note 41, 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 2020 amounts to US$142.7 million (2019: US$125.5 million). A dividend of US$5.1 million was advanced to non-controlling interest during 2020 (2019: US$2.0 million). Refer to the segment reporting, note 41, 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 2020 amounts to US$1.9 million (2019: US$2.1 million). A dividend of US$0.5 million was paid to non-controlling interest during 2020 (2019: US$0.2 million). Refer to the segment reporting, note 41, 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 and at 31 December 2020 the BEE partners hold an economic interest of 3.33%. The accumulated non-controlling interest of Newshelf at 31 December 2020 amounts to US$20.0 million (2019: US$nil).
10 | The class “B” shareholders are entitled to a cumulative preferential dividend of R20.0 million per annum for the first 10 years, R13.3 million per annum for the next five years and R6.7 million for the next five years. After 20 years, this preferential dividend ceases. The initial 10 year period expired on 6 December 2020. For the next 5 years, the holders of the “B” shares shall be entitled to the declaration and payment of a special cash dividend of R2 per “B” share in respect of 2/3 of the “B” shares, i.e. R13,3 million and in respect of one third of the “B” shares, any normal dividends declared and paid by Newshelf (ie a 3.33% economic interest in Newshelf).
11 | These subsidiaries were in the process of voluntary liquidation at 31 December 2020.
|  |  |  |  |  |  |  | Group |
|  | Shares held |  |  | beneficial interest |
|  | 2020 |  |  | 2019 |  |  | 2020 % |  |  | 2019 % |
OTHER 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Listed associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rusoro Mining Limited |  |  | 140,000,001 |  |  |  | 140,000,001 |  |  |  | 25.7 | % |  |  | 25.7 | %
Joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Galiano Gold Inc. (formerly Asanko Gold Inc.) |  |  | 21 971 657 |  |  |  | 22 354 657 |  |  |  | 9.8 | % |  |  | 9.9 | %
Bezant Resources PLC |  |  | 17,945,922 |  |  |  | 17,945,922 |  |  |  | 0.6 | % |  |  | 1.8 | %
Cardinal Resources Limited 2 |  |  | — |  |  |  | 81,038,233 |  |  |  | — |  |  |  | 16.4 | %
RareX Limited |  |  | 710,592 |  |  |  | 710,592 |  |  |  | 0.2 | % |  |  | 0.2 | %
Consolidated Woodjam Copper Corporation 3 |  |  | 16,115,740 |  |  |  | 16,115,740 |  |  |  | 16.3 | % |  |  | 19.9 | %
Lefroy Exploration Limited 3 |  |  | 21,613,910 |  |  |  | 18,214,535 |  |  |  | 18.0 | % |  |  | 18.4 | %
Magmatic Resources Limited |  |  | 19,200,000 |  |  |  | 19,200,000 |  |  |  | 10.9 | % |  |  | 12.5 | %
Orsu Metals Corp |  |  | 2,613,491 |  |  |  | 2,613,491 |  |  |  | 6.1 | % |  |  | 6.2 | %
Chakana Copper Corp 3 |  |  | 15,686,275 |  |  |  | 15,686,275 |  |  |  | 16.8 | % |  |  | 16.8 | %
Amarc Resources Limited |  |  | 5,000,000 |  |  |  | — |  |  |  | 2.8 | % |  |  | 0.0 | %
1 | Only major investments are listed individually.
2 | Cardinal Resources PLC was disposed of during 2020.
3 | An assessment has been performed and the Group does not have significant influence.

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