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South African miners releases inaugural climate change disclosure report

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Gold Fields published today its first Task Force on Climate-related Financial Disclosures.

The company said the aim is to develop voluntary, consistent climate-related financial risk disclosures.

"Gold Fields became the second JSE-listed and first South African mining company to publically commit to the TCFD last year. The report replaces our annual submission under the Carbon Disclosure Project (CDP)," said the company in a news release.

In the report, Gold Fields listed a number of risks facing its operations including potential flood failure beyond 1 in 100 year levels. Several mines are also facing extreme heat which stresses staff and equipment.

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