Gold Fields Limited (NYSE and JSE- GFI) takes part in worldwide practice of capping greenhouse emissions and trading their value on global markets.
The Swiss plant manufacturer Hofstetter Umwelttechnik AG (Hofstetter) has been awarded the contract to build a high quality degassing and flaring unit for the gold major Gold Fields. Gold Fields, as the world's first gold-mining company to sell Certified Emission Reductions (CERs), will earn R200 million over seven years in carbon trading at its Beatrix Mine in South Africa. The Beatrix gold mine is situated in the Free State Province 240 km southwest of Johannesburg.
As technical adviser to Group Five Engineering and Construction (Group Five), Hofstetter worked out a reliable solution for the collection, transportation and disposal of the methane gas. The plant consists of a degassing station and a high temperature flare. The core part will be the supply of a complete monitoring, measuring and recording unit for the release of CERs at the United Nations Framework for Climate Change Convention (UNFCCC). Gold Field decided to install five additional flares directly on boreholes to capture the methane gas. As the gas pressure is high enough, no additional degassing stations are needed.