Agnew (GoldFields)

Agnew (GoldFields) reports results in productivity benefits through increased output and cost reduction.

• Gold Fields’ 180,000 Ozpa Agnew Gold Mine in operation for 20 yrs
• Contract with incumbent contractor expiring in 2Q 2010

• Access development of ~60m per week in 12 months to May 2010 from two jumbos was below the mine call
• Reports of gas ignitions during drilling operations

• Barminco awarded a 3 year development mining and maintenance contract for Gold Fields’ equipment, in late May 2010
• Controls and procedures implemented to effectively mitigate gas risk
• Development of ~100m per week from two jumbos in the first 12 months exceeded the mine call
• Client reported overall cost reduction and increased output