Pan African Resources PLC - Board of Directors

Keith Cousens Spencer
BSc Eng (Mining)
Non-Executive Chairman
Member: Technical Committee
Keith Cousens Spencer is a qualified mining engineer with 35 years of practical mining experience. In 1984, Keith was appointed as General Manager of Greenside Colliery and in 1986 moved to Kloof Gold Mine as General Manager. In 1989, he was appointed as Consulting Engineer for Gold Fields of South Africa to the following mines: Doornfontein Gold Mine, Driefontein Consolidated Gold Mine, Greenside Colliery and Tsumeb Base Metals mine. He also served as Managing Director of Driefontein Consolidated, Chairman and Managing Director of Deelkraal Gold Mine, and as a Board Member of all Gold Mines belonging to Gold Fields of South Africa. Within 2 years of joining Metorex Limited, Keith was a permanent member of the executive team managing the Wakefield Coal operations, O’okiep Copper Company, Barberton Gold Mines, and Metmin Manganese Mine. In the same year, Keith was appointed as Operations Director for the Metorex Group. Keith retired from Metorex in March 2009.

Overview
Vision & Strategy
Company Structure
Board of Directors
Management
Black Economic Empowerment

Phuti Malabie
Non Executive Deputy Chairman
Phuti Malabie is the Chief Executive Officer of Shanduka Group (Pty) Ltd. She joined Shanduka in 2004 as the Managing Director of Shanduka Energy (Pty) Ltd, a subsidiary company of Shanduka Group which focuses on electricity, oil and gas in Africa. Prior to joining Shanduka, Ms Malabie was the head of the Project Finance South Africa unit at the Development Bank of Southern Africa. Her academic qualifications are a BA Economics from Rutgers University (State University of New Jersey. USA) (1993) and an MBA from De Montfort University in Leicester, UK (1996).

Jan Nelson
BSc. (Hons)
Chief Executive Officer
Member: Technical Committee
After obtaining his honours degree in Geology, Jan Nelson embarked on a career in gold exploration and mining in South Africa, Zimbabwe and Tanzania. He has over 15 years’ experience and, within this period, held positions in mine management and operations with Harmony Gold Mining Company Limited, Hunter Dickenson and Gold Fields Limited.

Busi Sitole
Finance Director
Busi is a Chartered Accountant. She joined Shanduka Group in December 2007 as a transactor responsible for sourcing, executing including capital raising and monitoring the company’s investments. Prior to joining Shanduka Group she was a Financial Manager at RMB Treasury Agency Businesses, New Treasury Products Marketer at Absa Capital, Finance Manager at Standard Bank Structured Finance where she also completed her 3 years of articles as a Trainee Accountant.

Cobus Loots
Non Executive Director
Jacobus Albertus Johannes Loots (aged 31) is a Chartered Accountant who worked in Investment Banking with Macquarie Africa prior to holding positions with Shanduka Coal and Sentula Mining. He became a Principal at Shanduka Resources in 2008.

Rob Still
B.Com (Hons), CTA
Non Executive Director
Member: Remuneration Committee & Audit Committee
Rob Still has vast experience in mining, specialising in mining finance. He started his career as a chartered accountant, becoming a partner of Ernst & Whinney before leaving in 1986 to co-found Rhombus Exploration Limited. Since then he has been involved in the mining industry world-wide and has held executive and non-executive directorships in companies listed in South Africa, Australia, Canada and the UK. He has participated in the evaluation and development of several new mining projects including Rhovan, Ticor Titanium, Pangea Gold Fields Limited, Southern Mining Corporation Limited (Corridor Sands), Great Basin Gold Limited (Burnstone) and Zimbabwe Platinum Mines Limited.

Directors Responsibilities

The Directors and Proposed Directors of the Company, whose names appear on this website, collectively and individually, accept full responsibility for the accuracy of the information given in this Document, and for compliance with the AIM Rules and the Listing Requirements, and certify that to the best of their knowledge and belief there are no facts that have been omitted which would make any statement false or misleading or affect the import of such information, and that all reasonable enquiries to ascertain such facts have been made and that this Document contains all information required by the AIM Rules and the Listings Requirements”

UK (AIM): PAF | SA (JSE): PAN