https://www.miningweekly.com
Energy|Gold|Projects|Renewable Energy|Water|Environmental
Energy|Gold|Projects|Renewable Energy|Water|Environmental
energy|gold|projects|renewable-energy|water|environmental

Gold Fields enters into sustainability-linked facility for up to A$500m

Among Gold Fields' investments in renewable energy projects is a solar and microgrid facility at the Agnew mine, in Australia

Among Gold Fields' investments in renewable energy projects is a solar and microgrid facility at the Agnew mine, in Australia

2nd October 2023

By: Creamer Media Reporter

     

Font size: - +

Gold miner Gold Fields has, along with certain of its subsidiaries, entered into a five-year sustainability-linked revolving credit facility (RCF) agreement for up to A$500-million with a syndicate of ten banks.

The funding will be used for general corporate and working capital requirements and the sustainability-linked key performance indicators for the term of the facility are aligned with the group's strategy; its 2030 environmental, social and governance (ESG) targets; and its recently refinanced dollar-denominated RCF.

The Commonwealth Bank of Australia was the mandated lead arranger, bookrunner and sustainability coordinator for this transaction.

Gold Fields in June announced that it had successfully refinanced its $1.2-billion 2019 RCF and that the facility would, for the first time, be linked to the achievement of three of Gold Fields' key ESG priorities – gender diversity, water stewardship and decarbonisation.

The group's three most material ESG priorities are to improve women's representation in its workforce from a level of 23% (as at June 2023); increase the amount of reused or recycled water from 75% of water consumption (as achieved in 2022); and up abatement in Scope 1 and 2 carbon dioxide emissions through renewable energy projects.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On The Air (19/07/2024)
19th July 2024 By: Martin Creamer
Platinum, diamonds, hydrogen make headlines
Platinum, diamonds, hydrogen make headlines
19th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.243 0.277s - 128pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: