What We Mine
Pan African Resources primarily mines gold. We are considered a mid-tier gold producer with an annual production capacity of approximately 170k ounces per annum. Our portfolio of low-cost, high-quality operations are all located in South Africa.
Our main operations are the Elikhulu Tailings Retreatment Plant, Evander Mines’ 8 Shaft Pillar Mining, the Barberton Tailings Retreatment Plant and the Barberton Mines. We employ approximately 2000 people across these different operations, creating jobs and economic opportunities for those in the surrounding areas.
The R1.74 billion Elikhulu project is the Group’s second gold retreatment project. The Elikhulu Tailings Retreatment Plant processes over 200 Mt of tailings accumulated over 70 years of mining at Evander. It involves retreatment of three existing slime dams, namely Kinross, Leslie/Bracken and Winkelhaak. All the tailings will be re-deposed to a single storage facility reducing the project’s overall ecological footprint.
We have determined the the capital costs of constructing a new underground mine and its subsequent infrastructure are significantly higher than establishing a tailings retreatment facility. Our tailings retreatment plants consistently outperform industry expectations and in terms of financial feasibility, they continue to produce high gold yield for a very high margin.
Sustainability is key to the functioning of the Group’s entire portfolio and we focus on Environmental, Social and Commercial Sustainability, with the sub-categories of:
- Natural Capital (the surrounding ecosystem)
- Human Capital
- Social and Relationship Capital
- Financial Capital
- Intellectual Capital
- Manufactured Capital