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Ghana Expected Credit Loss
 12 Months Ended
Dec. 31, 2022
Disclosure of impairment loss and reversal of impairment loss [abstract]  
Ghana expected credit loss GHANA EXPECTED CREDIT LOSS
United States Dollar
Figures in millions unless otherwise stated202220212020
Ghana expected credit loss – loan advanced to contractor1
(3.9)(41.1)— 
Tarkwa expected credit loss – receivable2
(13.6)— (29.0)
Total expected credit loss(17.5)(41.1)(29.0)
1    The expected credit loss provision of US$3.9 million (2021: US$41.1 million and 2020 US$nil) was raised against a contractor loan at 31 December 2022. The contractor loan (refer note 13.2) related to the financial assistance provided to a contractor at Ghana for the procurement of new fleet. See note 38 for further details.
2    The expected credit loss provision of US$13.6 million (2021: US$nil and 2020: US$29.0 million) was raised against a receivable at 31 December 2022. The receivable of US$13.6 million in 2022 related to an advanced payment to a contractor at Tarkwa and the receivable of US$29.0 million in 2020 related to the sale of mining fleet at Tarkwa as part of the transition to contractor mining.
    LOAN ADVANCED – CONTRACTOR
Figures in millions unless otherwise stated20222021
Balance at beginning of the year27.3 68.4 
Expected credit loss(3.9)(41.1)
Total loan advanced to contractor1
23.4 27.3 
1    Due to issues with fleet availability at both Tarkwa and Damang, an agreement was entered into between Gold Fields and Engineers and Planners (“E&P”) to provide financial assistance to E&P in order to procure new fleet. The loan amounts to US$68.4 million, bears interest at a market related interest rate and a portion is secured over the fleet purchased in 2020. At 31 December 2022, a cumulative expected credit loss provision of US$45.0 million was raised against the loan, resulting in a net balance of US$23.4 million.