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Pan African renews mining rights at Barberton for next 30 years

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Pan African Resources PLC (LON:PAF). the South African gold miner. has renewed the mining rights to its Barberton mines complex for another thirty years.

Official notification of the grant of the renewal was received on 1 June 2021, said the miner and comprises renewals of the mining rights for the Fairview, New Consort and Sheba Mines (all of Pan African’s Barberton mining rights).

The renewal applications submitted included detailed technical reports and mine works programmes for mining at Barberton for the 30-year renewal period.

Cobus Loots, Pan African’s chief executive, said:  “Our exploration and mining teams at Barberton have made exceptional progress over the past years, applying modern exploration, development and mining techniques to increase underground gold production and the lives of our mining operations.

“We view the granting of the mining right renewals by the DMRE for a 30-year period as an endorsement of our efforts and operations.

“As one of the largest employers in the Barberton area, Pan African has invested significantly in, and will continue to invest in community and ESG initiatives.”

Barberton contributed 58% and 49% respectively of the gold miner’s output in the past two years.

Pan African Resources sees strong cashflows as gold price surges

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