‘The Big One’ in Zulu – Elikhulu, Pan African’s flagship operation exceeded expectations by being built within budget, commissioned ahead of schedule and reaching steady state production within two years at an AISC of US$614/oz.
The plant processes 1.2Mt of historic tailings per month from the three existing slimes dams at Kinross, Leslie/Bracken and Winkelhaak. Tailings reprocessing will result in the residues being re-deposed to a single tailings storage facility site, which will reduce our ecological footprint.
This operation consists of a technologically advanced, automated plant with a minimal labour requirement. Elikhulu is testament to our team’s ability to conceptualise, plan and complete substantial growth projects ahead of time and within budget.
Performance By Operation
Tailings Operations – Elikhulu
- Production increased by 1.5% to 52,220 0z (FY21: 51,495oz)
- AISC of US$1,003/0z (FY21: US$846/0z)
- 11 Year LOM
- 9.9MW solar photovoltaic renewable energy plant commissioned in May 2022 ensures a reliable power supply and reduces electricity costs
- Adjusted EBITDA generated: ZAR891m (US$58,5m) (FY21: ZAR786m; US$51.0m)
- Leslie Bracken re-mining pump station and related infrastructure construction complete
- To be commissioned in September 2022 to supplement production
- Approximately 6km of piping installed