Pan African Resources views sustainability as a core business priority and critical to the group’s ability to operate successfully. Sustainability challenges, such as climate change, resource scarcity and energy efficiency are everyday business realities that impact the mining industry. Managing these issues underpins our license to operate.
A 2017 study conducted by the Fraser Institute of 91 countries with significant mining activity, ranked South Africa as the tenth most challenging country in which to own mining interests. Most local mining companies report regulatory uncertainty, the taxation regime, political instability, labour relations and employment law as significant investment deterrents to the sector.
The sustainability of the South African mining industry requires that local mining companies can operate profitably, attract investors and compete with global competitors. Difficult operating conditions and volatile commodity price cycles tend to force out the least efficient industry performers. Traditionally, labour-intensive deep-level operations struggle to maintain productivity and competitive production costs, threatening the international competitiveness of the mining industry.
Pan African Resources adopts a holistic and long-term approach to sustainability, acknowledging and acting on the importance of ESG sustainability while ensuring the commercial viability and sustainability of the group in creating value for all stakeholders, now and in the future.
Our management teams ensure that all our operational activities comply with industry regulations and are conducted responsibly to safeguard our employees and the communities and environment in which we operate.