The Group’s HDP Shareholding was restructured on 15 January 2018.

Pan African Resources’ HDP* shareholders following the restructure are:

  • Concrete Rose Proprietary Limited shareholding in Pan African Resources SA Holdings Proprietary Limited at 22.1%
  • Mining operations employee share ownership programmes at 5%

Collectively these shareholdings equate to an effective 26% HDP shareholding in our mining operations.

*HDP refers to Historically Disadvantaged Persons (as defined in the Mineral and Petroleum Resources Development Act) and/or Historically Disadvantaged Persons Owned and Controlled Companies (as defined in the Mining Charter, 2018).