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Company Overview

Business Description

Sector
Materials
Industry
Metals & Mining
Headquarters
United Kingdom UK
Employees
2 494
IPO date
May 19, 2000

Pan African Resources PLC is a gold mining company focused on South Africa. It digs gold out of underground mines and also recovers gold from old mine waste, called tailings, which are left over from earlier mining. The company sells the gold it produces into the bullion market, where it is bought by refiners and other gold buyers.

Its business is built around turning mineral deposits and historic waste dumps into saleable gold. That makes it a producer, not a jeweler or a gold trader: it extracts and processes material, then earns money when the gold is sold. Tailings retreatment is an important part of the model because it can unlock metal from material that others have already mined and discarded.

For investors, the key point is that Pan African makes money from the price of gold and its ability to keep producing from its mines and recovery sites. Its customers are the buyers of refined gold, while its suppliers are the mining assets, processing plants, and the land and waste dumps it controls. This gives it a clear role in the gold supply chain: it is a source of newly mined and recovered gold rather than a broad commodity or industrial company.

Pan African Resources PLC Investor Relations

Address
107 Cheapside, Second Floor
London
United Kingdom

Business Segments

Underground gold mining

This part of the business mines gold from underground ore bodies at Pan African’s South African mines and processes the ore into gold-bearing product.

Customers and revenue model

Tailings retreatment

This part of the business reprocesses old mine waste and tailings to recover leftover gold using surface processing plants.

Customers and revenue model

Management

Mr. Jacobus Albertus Johannes Loots C.A., C.F.A., CA (SA)

CEO & Executive Director

Biography unavailable

Mr. E. B. Thorne

Group Mining Engineer

Biography unavailable

Mr. Bert van den Berg

Chief Operating Officer

Biography unavailable

Mr. Hethen Hira

Head of Investor Relations

Biography unavailable

Ms. Jane Kirton

Company Secretary

Biography unavailable

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