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Loan Advanced - Contractor (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure Loan Advanced Contractor [Abstract]  
Summary of loans advanced to contractors
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.