The company has a robust production capability
founded on its portfolio of high-quality, longlife
assets and its ‘gold only’ Mineral Reserve
managed profile currently ranks third in the
industry.
The F2010 Statement outlines the Gold Fields
Mineral Resource (Resources) and Mineral
Reserve (Reserves) at each of its operating
mines and at Arctic Platinum, as at 30 June
2009. The Resource and Reserve information
reported is considered important for disclosure
and it reflects a level of detail required for
completeness, transparency and materiality.
The Group’s Resource and Reserve figures are
estimates and will be affected by fluctuations in
the US dollar currency exchange rates, costs and operating factors. Resources are reported
inclusive of Reserves and stability pillars.
Guided by a commitment to corporate
governance, this Statement has been
audited by recognised, leading global mining
consultancies, and found to be compliant
with the South African Code for the Reporting
of Resources and Reserves (2007 SAMREC
Code), which is aligned to the updated Section
12 (October 2008) of the Johannesburg Stock
Exchange (JSE Limited) listing requirements
and Industry Guide 7 for reporting on the United
States Securities and Exchange Commission
(SEC). Cognisance is taken of other relevant
international codes, where geographically
applicable, such as the Australian JORC Code
and Canadian NI 43-101. The process followed
in producing the declaration is aligned to the
guiding principles of the Sarbanes-Oxley (SOX)
Act of 2002.
Covering the entire Group’s Mineral Resource
Management (MRM) function, the SOX audit
runs in parallel with the external Resource
and Reserve audits and underpins the internal
control process, leading to world class
corporate governance practices.
All comparisons and reconciliations reported are
standardised on a 12 month window defined by
the period between the last published Resource
and Reserve statement as at 30 June 2008 and
the current 30 June 2009 declaration.