Pan African Resources
Mid-tier gold producer Pan African Resources has entered into an agreement to acquire historic gold tailings assets owned by Mintails Mining, which was placed in provisional liquidation in 2018.
Pan African Resources is making investing in its shares more accessible to international investors, particularly the US investor market.
The Group surface operations are currently operating at approximately 70% of normal production capacity, but with a much reduced workforce.
Barberton Mines will also endeavour to resume limited operations its Fairview operation to ensure the required minimum feed for its BIOX processing plant.
With the recent outbreak of coronavirus gold is holding steady as the safe haven investment of choicesays Pan African Resources.
South Africa’s deep level gold mining industry will over the next 10 years almost entirely cease to exist (excluding Gold Fields’ South Deep mine).
DRA Global partnered with Pan African Resources to complete its R1.74 billion Elikhulu tailings retreatment project in South Africa.
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